Table of Contents
TABLE OF CONTENTS
1 Table of Contents 2
1.1 List of Tables
4
1.2 List of Figures 4
2 Introduction 5
2.1 Global Markets Direct
Report Coverage 5
2.2 What Is This Report About? 5
2.3 How To Use This
Report 5
3 Angola Petroleum Fiscal Environment 6
3.1 Governing Law
6
3.2 Licensing Authority 6
3.3 National Oil Company 6
3.4
Contract Type 6
3.5 State Participation 6
4 License terms 7
4.1
Exploration 7
4.1.1 Type of Right 7
4.1.2 Area 7
4.1.3 Duration
7
4.1.4 Relinquishment 7
4.1.5 Exploration obligation 7
4.2
Production 7
4.2.1 Area 7
4.2.2 Duration 7
5 Key Fiscal Terms
8
5.1 Royalty 8
5.2 Bonuses 8
5.3 Rentals 9
5.4 Fees 9
5.5
Cost Recovery 9
5.6 Profit Sharing 9
5.7 Taxation 10
5.8
Deductions and Depreciation 10
5.9 Ring Fence 10
5.10 Domestic Market
Obligation 10
6 Sample cashflows calculations 11
7 APPENDIX 12
7.1
Methodology 12
7.2 Definitions 12
7.2.1 Units of Measure 12
7.2.2
Definition 12
7.2.3 Contact Us 13
7.3 About Global Markets Direct
13
7.4 Disclaimer 13
1.1 List of
Tables
Table 1: Angola, Crude Oil and Natural Gas, Signature bonus, 2007
8
Table 2: Angola, Crude Oil and Natural Gas, Production bonus, 2007 8
Table 3: Angola, Crude Oil and Natural Gas, Profit Oil/Gas, 2007 10
1.2 List of Figures
Figure 1: Angola, Upstream Oil & Gas Fiscal Regime
(PSA), Sample Cashflows, 2005-2016 11
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