ANGOLA OIL AND GAS INDUSTRY UPSTREAM ACTIVITY

Transcription

1 ANGOLA OIL AND GAS INDUSTRY UPSTREAM ACTIVITY 1

2 INDEX 1. GENERAL INFORMATION 2. PETROLEUM ACTIVITIES IN ANGOLA 3. MAIN LAWS AND REGULATIONS 4. MAJOR PROJECTS IN PROGRESS 5. BUSINESS OPPORTUNITIES 2

3 CONGO DEMOCRATIC REPUBLIC OF CONGO (ZAIRE) ATLANTIC OCEAN ZAMBIA NAMIBIA 3

4 1. GENERAL INFORMATION OFFICIAL NAME: REPUBLIC OF ANGOLA CAPITAL: LUANDA NATIONAL DAY: November 11th, 1975 GEOGRAPHICAL AREA: Km 2 POPULATION: ±18.5 MILLION OFFICIAL LANGUAGE: PORTUGUESE 4

5 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 LIA E GRANDE PLUTÓNIO. 5

6 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 s offshore and Kwanza s 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 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. 6

7 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 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. 7

8 The oil industry in Angola noted an unprecedented dynamic in Africa s s west coast, becoming a world reference in the development and production of oil fields in deep water (PREV.) CRUDE OIL PRODUCTION (thousand barrels) AVERAGE DAILY PRODUCTION (thousand barrels) CRUDE OIL EXPORT (thousand barrels) LPG PRODUCTION (thousand barrels) REFINERY LUANDA PRODUCTION (thousand Ton: Met.) INVESTIMENTS (MM USD) WORK FORCE

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10 Operators Partners 10

11 In 2007, Angola became a full member of the Oil Export Countries Organization OPEP, having assumed the presidency of this organization in Angola s current oil production capacity is over 1.9 million barrels per day, but considering OPEP s s share, Angola produces about 1.7 million barrels a day 11

12 OIL MINISTRY 3. MAIN LAWS AND REGULATIONS LAW nº n 10/04, 12 TH NOVEMBER, Petroleum Activity Law. LAW nº.11/04, n 12 TH NOVEMBER, Customs Regime applicable to the Petroleum Sector. LAW nº n 13/04, 24 TH DECEMBER, Law on the Petroleum activities Tax. DECREE Nº N 39/00 Decree regulating the Enviromental Protection in the course of petroleum activities. LAW 5/98, June, 1998, Enviroment Law. DECREE 17/09, 26 TH JUNE, Decree regulating the recruitment and development of the workforce in petroleum activities. 12

13 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

14 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 14

15 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 2 ND HALF OF

16 OIL MINISTRY 5. BUSINESS OPPORTUNITIES: 5.1. Exploration and Production 5.2. Refining and Petrochemicals 5.3. Industry 5.4. Infrastructure support Construction 16

17 OIL MINISTRY THANK YOU 17