Rapports

Angola Upstream Fiscal and Regulatory Report - Improved Onshore Terms Colud Signal Similar Incentives for Offshore Round

Rapport
Titre
Angola Upstream Fiscal and Regulatory Report - Improved Onshore Terms Colud Signal Similar Incentives for Offshore Round
950.-EUR
Langue
English
Pages
24
Secteur
Hydrocarbures
Date
Octobre 2015
Pays
Angola
Type de Produit
Market Report
Description du rapport

“Angola Upstream Fiscal and Regulatory Report - Improved Onshore Terms Colud Signal Similar Incentives for Offshore Round”, presents the essential information relating to the terms which govern investment into Angola’s upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state’s take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Angola’s upstream oil and gas investment climate.

Scope

- Overview of current fiscal terms governing upstream oil and gas operations in Angola

- Assessment of the current fiscal regime’s state take and attractiveness to investors

- Charts illustrating the regime structure, and legal and institutional frameworks

- Detail on legal framework and governing bodies administering the industry

- Levels of upfront payments and taxation applicable to oil and gas production

- Information on application of fiscal and regulatory terms to specific licenses

- Outlook on future of fiscal and regulatory terms in Angola

Reasons to buy

- Understand the complex regulations and contractual requirements applicable to Angola’s upstream oil and gas sector

- Evaluate factors determining profit levels in the industry

- Identify potential regulatory issues facing investors in the country’s upstream sector

- Utilize considered insight on future trends to inform decision-making

Table des matières

1 Table of Contents

1 Table of Contents 1

1.1 List of Tables 2

1.2 List of Figures 2

2 Regime Overview 3

3 Fiscal Take Assessment 7

4 Key Fiscal Terms - Production Sharing Agreements 8

4.1 Upfront Payments 8

4.1.1 Signature Bonus 8

4.1.2 Production Bonus 8

4.1.3 Surface Fees 8

4.1.4 Training Fee 8

4.1.5 Additional Contributions 8

4.2 Cost Recovery 8

4.2.1 Cost Recovery Limit 8

4.2.2 Recoverable Costs 8

4.2.3 Investment Allowance (Uplift) 9

4.3 Profit-Sharing 9

4.3.1 Rate of Return Mechanism 9

4.3.2 Cumulative Production Mechanism 10

4.3.3 Price Cap Excess Fee 10

4.4 Natural Gas 10

4.5 Direct Taxation 11

4.5.1 Petroleum Income Tax 11

4.6 Indirect Taxation 11

4.6.1 Consumption Tax 11

4.6.2 Customs Duties and Fees 12

5 Key Fiscal Terms - Risk Service Agreements 13

5.1 Upfront Payments 13

5.1.1 Signature Bonus 13

5.1.2 Additional Contributions 13

5.1.3 Surface Fees 13

5.1.4 Training Fee 13

5.2 Payment in Kind 13

5.3 Taxation 14

5.3.1 Petroleum Production Tax (PPT) 14

5.3.2 Petroleum Income Tax 14

5.3.3 Petroleum Transaction Tax 14

5.3.4 Deduction and Depreciation 14

5.3.5 Production Allowance 14

5.3.6 Investment Allowance 15

6 Key Fiscal Terms - Concession Agreements 16

6.1 Upfront Payments 16

6.1.1 Bonuses 16

6.1.2 Surface Fees 16

6.1.3 Training Fee 16

6.1.4 Petroleum Production Tax 16

6.2 Taxation 16

6.2.1 Petroleum Income Tax 16

6.2.2 Petroleum Transaction Tax 16

6.2.3 Deductions and Depreciation 16

6.2.4 Allowances for Petroleum Transaction Tax (PTT) 17

7 Regulation and Licensing 18

7.1 Legal Framework 18

7.1.1 Governing Law 18

7.1.2 Contract Type 18

7.1.3 Title to Hydrocarbons 18

7.2 Institutional Framework 19

7.2.1 Licensing Authority 19

7.2.2 Regulatory Authority 19

7.2.3 National Oil Company 19

7.3 Licensing Process 19

7.3.1 Licensing Rounds 19

7.3.2 Prequalification 20

7.3.3 Bidding 20

7.4 License Terms 20

7.4.1 Duration 20

7.4.2 Obligations 20

7.4.3 Purchasing Rights 20

7.4.4 Local Content 21

7.4.5 State Participation 22

8 Outlook 23

9 Contact Information 24

Description de l'éditeur

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                 Sunil Sethia ssethia@globaldata.com