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

  • Document

    angola block summary.xls

    XLS 131.00 KB

  • Document

    Country Overview

    PDF 12.62 MB

  • Document

    Country Overview

    XLS 761.50 KB

  • Document

    Country Overview

    ZIP 13.35 MB

  • Document

    Executive summary

    PDF 82.74 KB

  • Document

    Key facts

    PDF 66.08 KB

  • Document

    Location maps

    PDF 3.95 MB

  • Document

    Key companies

    PDF 111.01 KB

  • Document

    Geology

    PDF 4.08 MB

  • Document

    Exploration

    PDF 4.42 MB

  • Document

    Reserves and resources

    PDF 115.51 KB

  • Document

    Production

    PDF 120.63 KB

  • Document

    Infrastructure

    PDF 97.56 KB

  • Document

    Costs

    PDF 110.86 KB

  • Document

    Policy and regulation

    PDF 85.86 KB

  • Document

    Fiscal terms

    PDF 144.74 KB

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
      • Early exploration
      • Angola 2005/2006 Licensing Round
      • Angola 2007/2008 Licensing Round (postponed)
      • Angola 2010/2011 Kwanza Basin Licensing Round (pre-salt)
      • Angola 2013 Onshore Pre-salt Round (Cancelled)
      • Future Rounds
      • Active blocks
      • Drilling activity
    • Oil Reserves
    • Gas Reserves
    • Liquids Production
    • Gas
    • Key legislation
    • State oil company
    • State participation
    • Licensing
    • Overview
    • Upstream
      • Pipelines
      • Gas Utilisation
    • Current fiscal terms
      • NOC equity participation
      • Carry & Reimbursement
      • Bonuses, rentals and fees
      • Production bonuses
      • Area rentals
      • Training fees
      • Other bonuses and fees
      • 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
      • 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
      • 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
      • 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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