ANGOLA OIL AND GAS INDUSTRY UPSTREAM ACTIVITY
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INDEX
1.
GENERAL INFORMATION
2.
PETROLEUM ACTIVITIES IN ANGOLA
3.
MAIN LAWS AND REGULATIONS
4.
MAJOR PROJECTS IN PROGRESS
5.
BUSINESS OPPORTUNITIES 2
CONGO DEMOCRATIC
REPUBLIC OF CONGO (ZAIRE) ATLANTIC OCEAN ZAMBIA NAMIBIA
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1. GENERAL INFORMATION
OFFICIAL NAME: REPUBLIC OF ANGOLA
CAPITAL: LUANDA
NATIONAL DAY: November 11th, 1975
GEOGRAPHICAL AREA: 1.246.700 Km2
POPULATION: ±18.5 MILLION
OFFICIAL LANGUAGE: PORTUGUESE 4
OIL AND GAS – GENERAL INFORMATION
OIL RESERVES: 12.6 BILLION BARRELS (proven and probable reserves) CURRENT PRODUCTION CAPACITY: MORE THAN 1,900 THOUSAND PER DAY. REFINING CAPACITY: 37,000 BARRELS PER DAY. GAS RESERVES: 12,000 MM CUBIC FEET MAJOR FIELDS OF OIL AND GAS: BLOCKS 0, 14, 15, 17, 18. EXPORT TERMINALS: MALONGO, KIZOMBA A/B/C, GIRASSOL/DÁLIA E GRANDE PLUTÓNIO. 5
2. PETROLEUM ACTIVITY IN ANGOLA
Although the prospecting and research activities of hydrocarbons in Angola have begun in 1910 when the Company Canha & Formigal started operating in an area of 114,000 square km of Congo’s offshore and Kwanza’s Basin, the first commercial discovery happened in 1955 in the field of Benfica, by the company Petrangol, with production starting in the following year.
In 1957, Gulf Oil Company, under the name of Cabinda Gulf Oil Company (Cabgoc) starts its operations in Cabinda’s offshore.
In 1968 Angola was already producing 49,000 barrels per day, increasing in 1973 to 163,000 barrels per day, thus becoming the principal export material. In 1974 was reached the record of colonial production of 172,000 barrels per day.
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In 1976, the National Oil Company of Angola – Sonangol – was created, and in 1979 was created the Ministry of Petroleum.
That same year, was published the Law 13/78 that ended the existence of various small enterprises and established the beginning of Sonangol’s activity as the exclusive concessionaire of oil industry in Angola.
The reorganization of the sector with the framework of the new Petroleum Activities Law and the Tax and Customs regimes in 1994, attracted significant investments from foreign multinational companies, contributing to the significant increase in production.
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The oil industry in Angola noted an unprecedented dynamic in Africa’s west coast, becoming a world reference in the development and production of oil fields in deep water.
2007
2008
2009
2010
2011 (PREV.)
619.800
695.700
660.273
641.524
606.947
1.697
1.900
1.800
1.757
1.666
605.500
675.000
646.938
624.401
586.382
LPG PRODUCTION (thousand barrels)
7.920
7.699
7.243
7.749
6.644
REFINERY LUANDA PRODUCTION (thousand Ton: Met.)
1.813
1.774
1.767
1.481
1.954
10.843
12.935
16.468
17.400
18.300
55.510
64.808
64.677
71.115
72.000
CRUDE OIL PRODUCTION (thousand barrels) AVERAGE DAILY PRODUCTION (thousand barrels) CRUDE OIL EXPORT (thousand barrels)
INVESTIMENTS (MM USD) WORK FORCE
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Operators
Partners
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In 2007, Angola became a full member of the Oil Export Countries Organization – OPEP, having assumed the presidency of this organization in 2009.
Angola’s current oil production capacity is over 1.9 million barrels per day, but considering OPEP’s share, Angola produces about 1.7 million barrels a day
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OIL MINISTRY
3. MAIN LAWS AND REGULATIONS
LAW nº 10/04, 12TH NOVEMBER, Petroleum Activity Law.
LAW nº.11/04, 12TH NOVEMBER, Customs Regime applicable to the Petroleum Sector.
LAW nº 13/04, 24TH DECEMBER, Law on the Petroleum activities Tax.
DECREE Nº 39/00 – Decree regulating the Enviromental Protection in the course of petroleum activities.
LAW 5/98, June, 1998, Enviroment Law.
DECREE 17/09, 26TH JUNE, Decree regulating the recruitment and development of the workforce in petroleum activities. 12
MAIN LAWS AND REGULATIONS (cont.)
Under the law, the association may take the following forms: - Commercial Society - Consortium Agreement - Production Sharing Contract (PSC) - Risk Services Agreement (RSA) 13
OIL MINISTRY
4. MAJOR PROJECTS IN PROGRESS:
DEVELOPMENT OF RECENT DISCOVERIES: Sanha – Block 0 BBLT BLOCK 14 Kizomba A, B, - Block 15 Dalia & Rosa – Block 17 PazFlor – Bloco 17 Greater Plutónio – Block 18 Polo PSVM – Bloco 31 Pre-salt Blocks
Lobito – New Refinery Project
Soyo – Refinery Project
Sonagás – Angola LNG
Renewable Energy - Biofuels
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OIL MINISTRY
ANGOLA LNG PROJECT:
IS UNDER EXECUTION, HAVING SONANGOL AS INVESTOR WITH 22,8% OF PARTICIPATION AND TOTAL, BP, CHEVRON AND ENI WITH THE REMAINING PERCENTAGE.
THE FACTORY WILL HAVE A PROCESSING CAPACITY OF 5 MILLION TONS PER YEAR, PREDICTING THE START OF PRODUCTION FOR THE 2ND HALF OF 2012. 15
OIL MINISTRY
5. BUSINESS OPPORTUNITIES: 5.1. Exploration and Production 5.2. Refining and Petrochemicals 5.3. Industry 5.4. Infrastructure support Construction
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OIL MINISTRY
THANK YOU
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