Insight
Can fiscal reforms breathe new life into Angola's oil and gas business?
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.
Table of contents
-
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?
- A bright future for Angola?
Tables and charts
This report includes 8 images and tables including:
- Marginal field criteria
- Marginal field incentives
- Impact of marginal fields terms on Block 31 Southeast
- Gas fiscal terms
- Regional gas terms analysis
- Angola oil production forecast
- Angola liquids reserves and resources
- Angola gas production outlook
What's included
This report contains:
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