Can fiscal reforms breathe new life into Angola's oil and gas business? Report

Insight 19 July 2018

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Report summary

Angola has implemented a suite of reforms in the past year, aimed at averting a production slump brought about by years of under-investment. The new Marginal Fields terms offer incentives which include a 50% cut in Royalty and Income Tax for small deepwater developments. Gas fiscal terms are also being offered for the first time, giving companies the opportunity to market gas resources that were previously stranded. In this Insight, we analyse the impact of the new terms on a typical Angolan deepwater project, consider how the new gas terms will be applied to existing and new discoveries and discuss what the reforms will mean for Angola's upstream future.

Major reforms to Angola's upstream sector
- Marginal field terms:
- A big improvement but questions remain
- Block 31 Southeast case study
- Gas Terms
- Simple terms but how will they be applied?
- Will the new terms help?
- A marginaleffect on oil production?
- A dash for gas?
- 1 more item(s)...