Country report
Angola upstream summary
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Report summary
Angola is Sub-Saharan Africa's second largest oil producer behind Nigeria. Reserves and oil developments are predominantly in the deep water and ultra-deepwater, which have been hit hard by the fall in oil prices. Upstream investment is stalled, no new projects have taken FID since 2014 and exploration is at a standstill. Angola now finds itself at a turning point as the government, in the hands of the first new president in 38 years, attempts to revitalise its upstream sector by ...
What's included
This report contains
Table of contents
- Executive summary
- Key facts
- Location maps
- Key companies
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Geology
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Introduction
- Plate Tectonic Evolution
- Stratigraphy
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Lower Congo Basin
- Pre-salt sequence
- Aptian Salt Unit
- Post-Salt Sequence
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Kwanza Basin
- Pre-Salt Sequence
- Aptian Salt Unit
- Post-Salt Sequence
- Namibe Basin
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Introduction
- Exploration
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Reserves and resources
- Oil Reserves
- Gas Reserves
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Production
- Liquids Production
- Gas
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Infrastructure
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Oil infrastructure
- Luanda Refinery
- Proposed Lobito Refinery
- Gas infrastructure
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Angola LNG
- LNG Plant
- Gas supply and associated pipelines
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Oil infrastructure
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Costs
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Capital costs
- Capital expenditure by location
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Operating costs
- Operating expenditure by location
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Capital costs
-
Policy and regulation
- Key legislation
- State oil company
- State participation
- Licensing
-
Fiscal terms
- Overview
- Upstream
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Mid/Downstream
- Pipelines
- Gas Utilisation
- Current fiscal terms
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Production Sharing Contracts
- NOC equity participation
- Carry & Reimbursement
- Bonuses, rentals and fees
- Production bonuses
- Area rentals
- Training fees
- Other bonuses and fees
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Royalty and other production taxes
- Royalty
- Import duty
- Social development levies
- Export duty
- 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
- Taxable Income
- Tax Rate
- 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)
- NOC equity participation
- Carry & Reimbursement
- Bonuses, rentals and fees
- Production bonuses
- Declaration of Commerciality bonus
- 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 fields terms
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Historical background
- Pre-1970
- 1970s-1980s
- Production Sharing Contracts
- 1990s
Tables and charts
This report includes 32 images and tables including:
Images
- Country Map
- Remaining Commercial and Technical Reserves at 01/01/2018
- Net Acreage 2018
- Liquids and Gas Production 2017
- Commercial Remaining Liquid Reserves by Region at 01/01/2018
- Liquids Production by Region
- Gas Production
- Map of Angolan Petroleum Basins
- Major Tectonic Phases, Stratigraphic Events and Depositional Stratigraphy of Angola
- Licence Map
- Angolan Exploration Drilling by Region
- Exploration Drilling by Basin
- Capital Expenditure by Region (US$ Million)
Tables
- Key facts: Table 1
- Oil/Liquids
- Production: Table 2
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Reserves and resources: Table 3
- Fiscal terms: Table 7
- Exploration: Table 1
- Exploration: Table 2
- 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
- Fiscal terms: Table 6
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