Angola upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- The NOC
- The Majors
- Other companies
-
Geology
-
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
-
Introduction
-
Exploration
-
Licensing
- Ongoing and future licencing rounds
- 2023 offshore licensing round
- 2021 offshore licensing round
- 2020 onshore licence round
- 2019 Namibe basin round
-
Early exploration and licensing
- 2005/2006 licensing round
- 2007/2008 licensing round (postponed)
- 2010/2011 Kwanza basin licensing Round (pre-salt)
- Angola 2013 onshore pre-salt round (cancelled)
-
Drilling
- Drilling activity
-
Licensing
-
Reserves and resources
- Oil reserves
- Gas reserves
-
Production
- Liquids production
- Gas
-
Infrastructure
-
Oil infrastructure
- Luanda refinery
- New refineries
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Gas infrastructure
- Angola LNG
-
Oil infrastructure
-
Costs
-
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
- Regulator
- State oil company
- State participation
- Licensing
-
Fiscal terms
- Overview
- Upstream
- Mid/Downstream
- Current fiscal terms
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Production sharing contracts
- NOC equity participation
- Bonuses, rentals and fees
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Royalty and other production taxes
- Royalty
- Taxes and levies
- Contractor revenue entitlement
- Product pricing
- PSC cost recovery
- Investment uplift/credit
- Cost carry forward
- PSC profit sharing
- Corporate (or petroleum) income tax
- Additional profits taxes
- Fiscal/contractual ring-fences
- Fiscal treatment of decommissioning
-
Cabinda concession: post-January 1982 terms
- NOC equity participation
- Carry & reimbursement
- Bonuses, rentals and fees
- Royalty
- Domestic market obligation (DMO)
- Investment uplift/credit
- Corporate (or petroleum) income tax
- Additional profits taxes
- Fiscal/Contractual ring-fences
- Dividend withholding tax
-
Risk Service Agreement (RSA)
- Carry & reimbursement
- Bonuses, rentals and fees
- Domestic market obligation (DMO)
- Service fee
- Petroleum production tax (PPT)
- Petroleum transaction tax (TTP)
- Corporate (or petroleum) income tax
- 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 28 images and tables including:
- Key facts: Table 1
- Country Map
- Reserves and contingent resources at 01/01/2024
- Liquids and Gas Production 2023
- Net Acreage 2024
- Oil/liquids
- Production: Table 2
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Reserves and resources: Table 3
- Liquids production by region
- Gas production
- Fiscal terms: Table 5
- Map of Angolan petroleum basins
- Major tectonic phases, stratigraphic events and depositional stratigraphy of Angola
- Map: 2019 - 2025 licensing schedule
- Exploration: Table 1
- Exploration: Table 2
- 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
What's included
This report contains:
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