Country Report

Angola upstream summary

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02 June 2020

Angola upstream summary

Report summary

Angola is Sub-Saharan Africa's second largest oil producer behind Nigeria. Oil production is underpinned by prolific deepwater acreage which was explored in the 1990s. The first of many major deepwater developments on blocks 14 to 18 began in 1999 when Chevron's Kuito came onstream. By 2005, four other world-class deepwater projects were producing from Total's Block 17 and ExxonMobil's Block 15. As a sign of its growing international importance, Angola joined OPEC in ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Introduction
      • Plate Tectonic Evolution
    • Stratigraphy
    • Lower Congo Basin
      • Pre-salt sequence
      • Aptian Salt Unit
      • Post-Salt Sequence
    • Kwanza Basin
      • Pre-Salt Sequence
      • Aptian Salt Unit
      • Post-Salt Sequence
    • Namibe Basin
    • Licensing
      • Early exploration
      • 2005/2006 Licensing Round
      • 2007/2008 Licensing Round (postponed)
      • 2010/2011 Kwanza Basin Licensing Round (pre-salt)
      • Angola 2013 Onshore Pre-salt Round (Cancelled)
      • 2019 Namibe Basin Round
      • Ad-hoc awards
    • Drilling
      • Drilling activity
    • Oil Reserves
    • Gas Reserves
    • Liquids Production
    • Gas
    • Oil infrastructure
      • Luanda Refinery
      • New refineries
    • Gas infrastructure
    • Angola LNG
      • LNG Plant
      • Gas supply and associated pipelines
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
    • Key legislation
    • State oil company
    • State participation
    • Licensing
    • Overview
    • Upstream
    • Mid/Downstream
      • Pipelines
      • Gas Utilisation
    • Current fiscal terms
    • Production Sharing Contracts
      • NOC equity participation
      • Bonuses, rentals and fees
    • Royalty and other production taxes
      • Royalty
      • Import duty
      • Export duty
      • VAT
      • Environmental & CO² taxes
      • Other Production Taxes
      • Domestic Market Obligation (DMO)
      • Contractor Revenue Entitlement
      • Product Pricing
      • PSC Cost Recovery
      • Recoverable Costs
      • Investment uplift/credit
      • Cost Carry Forward
      • PSC Profit Sharing
      • Corporate (or Petroleum) Income Tax
      • Additional Profits Taxes
      • Fiscal/Contractual Ring-Fences
      • Dividend Withholding Tax
    • Cabinda Concession: Post-January 1982 Terms
      • NOC equity participation
      • Carry & Reimbursement
      • Bonuses, rentals and fees
      • Production bonuses
      • Area rentals
      • Training fees
      • Other bonuses and fees
      • Import duties
      • Royalty
      • Export duty
      • Environmental & CO² taxes
      • Other Production Taxes
      • Domestic Market Obligation (DMO)
      • Investment uplift/credit
      • Corporate (or Petroleum) Income Tax
      • Taxable Income
      • Tax Rate
      • Additional Profits Taxes
      • Fiscal/Contractual Ring-Fences
      • Dividend Withholding Tax
    • Risk Service Agreement (RSA)
      • Carry & Reimbursement
      • Bonuses, rentals and fees
      • Training fees
      • Other bonuses and fees
      • Import duties
      • Export duty
      • Environmental & CO² taxes
      • Other Production Taxes
      • Domestic Market Obligation (DMO)
      • Service Fee
      • Petroleum Production Tax (PPT)
      • Petroleum Transaction Tax (TTP)
      • Corporate (or Petroleum) Income Tax
      • Taxable Income
      • Tax Rate
      • Fiscal/Contractual Ring-Fences
      • Dividend Withholding Tax
    • Marginal field terms
    • Historical background
      • Pre-1970
      • 1970s-1980s
      • Production Sharing Contracts
      • 1990s

Tables and charts

This report includes 30 images and tables including:

  • Key facts: Table 1
  • Country Map
  • Reserves and contingent resources at 01/01/2020
  • Net Acreage 2020
  • Liquids and Gas Production 2020
  • Oil/Liquids
  • Production: Table 2
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Liquid Reserves by Sector
  • Reserves and resources: Table 3
  • Liquids Production by Region
  • Gas Production
  • Fiscal terms: Table 6
  • Map of Angolan Petroleum Basins
  • Major Tectonic Phases, Stratigraphic Events and Depositional Stratigraphy of Angola
  • Exploration: Table 1
  • Exploration: Table 2
  • Planned Licence Round Map
  • Angolan Exploration Drilling by Region
  • Exploration Drilling by Basin
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Costs: Table 4
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Fiscal terms: Table 4
  • Fiscal terms: Table 5

What's included

This report contains:

  • Document

    angola block summary.xls

    XLS 131.00 KB

  • Document

    Country Overview

    PDF 11.20 MB

  • Document

    Country Overview

    XLS 445.50 KB