Production Sharing Agreement Angola

(r) monitoring all activities in the context of hydrocarbon research and production contracts; Are there different rules or restrictions for unconventional natural gas production (including hydraulic fracturing)? MIREMPET is the state branch responsible for regulatory policy on the production, transmission, distribution and supply of natural gas, as well as the authorisation and control of drilling and production activities. Describe the legal and regulatory framework and all relevant approvals for natural gas exploration and extraction. However, the most common form of association is the production sharing contract. African Law and Economy / ALC VdA Legal U.S. Census For more information, please contact:Cleméncia NogueiraCommercial SpecialistU.S. AngolaEmail Commercial Service: Clemencia.Nogueira@trade.govPhone: (244) 222 641 076 What is the ownership and organisational structure of natural gas production (excluding LNG)? How does the value of government come from natural gas production? In order to increase oil and gas production in Angola, a new concession strategy for the period 2019-2025 was approved by Presidential Decree 52/19 of 18 February. One of the pillars of the new strategy is the search for several unexplored regions within the country through new seismic acquisition campaigns (preferably from several clients). The areas studied are the inland basins of Etosha, Okavango and Cassange, as well as the land and offshore areas of the Namibe Basin. The interior basins outlined above will be divided into blocks by 2022 and proposed for bid in 2023. At the same time, all blocks of basic salt returned to the state after the 2012 campaign should be carefully re-evaluated for proposed in 2025. Finally, additional data will be obtained from productive areas in the Congo Basin to assess the potential for residual exploration in areas close to existing production facilities. Changes are expected in the near future, as the creation of a national oil agency will occur.

Until now, Sonangol, as a national oil and gas company and strategic public company, may be associated with domestic or foreign investors of proven technical and financial quality and capacity, subject to prior government approval, and for natural gas extraction matters, this association may take one of the following forms: a commercial enterprise, a consortium contract or a production sharing contract or a production sharing contract. (b) the regulation and implementation of the block delimitation procedure for the purpose of granting research, exploration and production activities; In this case, Sonangol (as part of risk service agreements) will directly recruit selected contractors to review certain concessions. (d) the definition of declaration of public utility procedures for the purpose of expropriation and the establishment of administrative facilitation of the exploration areas necessary for the development of oil; Gas and biofuel production, pipelines, terminals and regulatory compliance Angola is the second largest oil producer in sub-Saharan Africa and a member of OPEC with production of approximately 1.37 million barrels of oil per day (bpd) and approximately 17,904.5 million cubic feet of natural gas extraction. Due to a significant decline in oil prices and the limitation of foreign currencies on the Angolan market, investments in new or mature exploration and production activities are very limited between 2014 and 2018.