Overview:

Summary
 
 This profile is the essential source for top-level energy industry data and information. The report provides an overview of the oil industry in Angola. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for the industry. It also provides information relating to the oil assets (oil fields, refineries, pipelines and storage terminals) in Angola. The report also analyses the fiscal regime relevant to the oil assets in Angola and compares the investment environment in Angola with other countries in the region. The profiles of the major companies operating in the oil sector in Angola together with the latest news and deals are also included in the report.
 
 Scope
 
 - Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for the oil industry for the period 1995-2020.
 - Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Angola Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 for the period 1995-2020.
 - Operator and equity details for major oil assets in Angola Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020
 - Key information relating to market regulations, key energy assets and the key companies operating in the Angola Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020’s oil industry.
 - Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
 - Information on the top companies in the Angola Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 including business description, strategic analysis, and financial information.
 - Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
 - Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.
 
 Reasons to buy
 
 - Gain a strong understanding of the country’s energy market.
 - Facilitate market analysis and forecasting of future industry trends.
 - Evaluate the attractiveness of the geography for oil investment in the light of government policies and the fiscal environment.
 - Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
 - Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream oil assets.
 - Assess your competitor’s major crude oil assets and their performance.
 - Analyze the latest news and financial deals in the oil sector of each country.
 - Develop strategies based on the latest operational, financial, and regulatory events.
 - Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
 - Identify and analyze the strengths and weaknesses of the leading companies in the country.

 1 Table of Contents 2
 1.1 List of Tables 8
 1.2 List of Figures 10
 2 Angola Energy Sector 11
 2.1 Angola Energy Sector, Market Overview 11
 2.2 Angola Energy Sector, Crude Oil 12
 2.2.1 Angola Crude Oil, Overview 12
 2.2.2 Angola Crude Oil, Supply and Demand Balance 12
 2.2.3 Angola Crude Oil, Regulatory Structure 18
 2.2.4 Angola Crude Oil, Infrastructure 18
 3 Angola Fiscal Regime 20
 3.1 Angola Petroleum Fiscal Environment 20
 3.2 License Terms 20
 3.3 Key Fiscal Terms 21
 3.4 Sample Cashflows Calculations 25
 4 Angola Oil Upstream Investment Environment Benchmarking 26
 4.1 Introduction 26
 4.2 The Overall Ranking 26
 4.3 Upstream Fiscal Attractiveness 27
 4.3.1 Maximum Government Take Index 28
 4.3.2 Fiscal Flexibility 28
 4.3.3 Maximum State Participation 29
 4.3.4 Maximum Domestic Market Obligation 29
 4.4 Oil Sector Performance 29
 4.4.1 Exploration Activity 31
 4.4.2 Oil Production 32
 4.4.3 Oil Reserves 32
 4.4.4 Oil Consumption 32
 4.4.5 Refining Industry 33
 4.5 Economic Performance 33
 4.5.1 GDP Growth Index 35
 4.5.2 FDI Confidence Index 35
 4.5.3 Balance of Trade Index 35
 4.6 Socio-Political Performance 35
 4.6.1 Democracy Index 37
 4.6.2 Governance Index 37
 5 Angola Exploration and Production Sector 38
 5.1 Angola Exploration and Production Sector, Country Snapshot 38
 5.1.1 Angola Exploration and Production Sector, Key Data 38
 5.1.2 Angola Exploration and Production Sector, Crude Oil Assets Map 39
 5.2 Angola Exploration and Production Sector, Gross Crude Oil Production 40
 5.2.1 Angola Exploration and Production Sector, Gross Crude Oil-Historical Production 40
 5.2.2 Angola Exploration and Production Sector, Gross Crude Oil Production by Assets 41
 5.2.3 Angola Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 42
 5.2.4 Angola Exploration and Production Oil Sector, Market Share (%) based on Gross Equity Weighted Crude Oil Production 44
 5.3 Angola Exploration and Production Sector, Gross Crude Oil Forecasts 45
 5.3.1 Angola Exploration and Production Sector, Gross Crude Oil Forecasted Production 45
 5.3.2 Angola Exploration and Production Sector, Gross Revenue Forecast 45
 5.3.3 Angola Exploration and Production Sector, Government Take Forecast 46
 5.3.4 Angola Exploration and Production Sector, Contractor Take Forecast 46
 5.4 Angola Exploration And Production Sector, Crude Oil Asset Details 47
 5.4.1 Angola Exploration And Production Sector, Active Crude Oil Asset Details 47
 5.4.2 Angola Exploration And Production Sector, Planned Crude Oil Asset Details 47
 6 Angola Pipeline Sector 48
 6.1 Angola Pipeline Sector, Key Data 48
 6.2 Angola Pipeline Sector, An Overview 48
 6.3 Angola Pipeline Sector, Comparision of Key Crude Oil Pipeline Companies 48
 6.4 Angola Pipeline Sector, Crude Oil Pipelines 50
 7 Angola Refining Sector 51
 7.1 Angola Refining Sector, Key Data 51
 7.2 Angola Refining Sector, An Overview 51
 7.2.1 Angola Refining Sector, Total Refining Capacity 51
 7.3 Angola Refining Sector, Capacity- Wise Market Share by Company 52
 7.4 Angola Refining Sector, Crude Distillation Unit Capacity 53
 8 Profile of Total S.A. 54
 8.1 Total S.A., Key Information 54
 8.2 Total S.A., Company Overview 54
 8.3 Total S.A., Business Description 54
 8.3.1 Total S.A., Business Description, Business Overview 54
 8.3.2 Total S.A., Business Description, Chemicals 55
 8.3.3 Total S.A., Business Description, Downstream 56
 8.3.4 Total S.A., Business Description, Upstream 57
 8.3.5 Total S.A., Business Description, Major Products and Services 58
 8.4 Total S.A., Value Chain Analysis 61
 8.4.1 Total S.A., Value Chain Analysis, Upstream 61
 8.4.2 Total S.A., Value Chain Analysis, Midstream 62
 8.4.3 Total S.A., Value Chain Analysis, Downstream 63
 8.4.4 Total S.A., Value Chain Analysis, Retail 64
 8.5 Total S.A., SWOT Analysis 64
 8.5.1 Total S.A., SWOT Analysis, Overview 64
 8.5.2 Total S.A., SWOT Analysis, Strengths 65
 8.5.3 Total S.A., SWOT Analysis, Weaknesses 66
 8.5.4 Total S.A., SWOT Analysis, Opportunities 67
 8.5.5 Total S.A., SWOT Analysis, Threats 68
 8.6 Total S.A., Revenue Analysis 69
 8.6.1 Total S.A., Revenue by Segment 69
 8.6.2 Total S.A., Revenue by Geography 70
 8.7 Total S.A., Financial and Operational Review 71
 8.7.1 Financial Statements 71
 8.7.2 Financial Ratios 72
 9 Profile of Exxon Mobil Corporation 73
 9.1 Exxon Mobil Corporation, Key Information 73
 9.2 Exxon Mobil Corporation, Company Overview 73
 9.3 Exxon Mobil Corporation, Business Description 73
 9.3.1 Exxon Mobil Corporation, Business Description, Overview 73
 9.3.2 Exxon Mobil Corporation, Business Description, Chemical 73
 9.3.3 Exxon Mobil Corporation, Business Description, Downstream 75
 9.3.4 Exxon Mobil Corporation, Business Description, Upstream 77
 9.4 Exxon Mobil Corporation, Value Chain Analysis 79
 9.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 79
 9.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 80
 9.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 81
 9.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 81
 9.5 Exxon Mobil Corporation, SWOT Analysis 82
 9.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 82
 9.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 82
 9.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 85
 9.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 86
 9.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 87
 9.6 Exxon Mobil Corporation, Revenue Analysis 89
 9.6.1 Exxon Mobil Corporation, Revenue by Segment 89
 9.6.2 Exxon Mobil Corporation, Revenue by Geography 90
 9.7 Exxon Mobil Corporation, Financial and Operational Review 91
 9.7.1 Financial Statements 91
 9.7.2 Financial Ratios 92
 10 Profile of Sonangol 93
 10.1 Sonangal, Key Information 93
 10.2 Sonangal, Company Overview 93
 10.3 Sonangal, Business Description 93
 10.3.1 Sonangal, Business Description, Business Overview 93
 10.3.2 Sonangal, Business Description, Major Products and Services 95
 10.4 Sonangal, SWOT Analysis 96
 10.4.1 Sonangal, SWOT Analysis, Overview 96
 10.4.2 Sonangal, SWOT Analysis, Strengths 96
 10.4.3 Sonangal, SWOT Analysis, Weaknesses 98
 10.4.4 Sonangal, SWOT Analysis, Opportunities 98
 10.4.5 Sonangal, SWOT Analysis, Threats 99
 11 Recent Developments 101
 11.1 License Rounds 101
 11.1.1 May 07, 2008: Angola Prequalifies 40 Oil Companies Under New Licensing Round 101
 11.2 License Awards 102
 11.2.1 Jul 28, 2008: Marathon Receives Approval For Angola Block 31 Development Project 102
 11.2.2 Jul 28, 2008: BP, Partners Get Nod To Develop Angola's Block 31 103
 11.2.3 Jul 05, 2008: OVL Qualifies To Bid As Operator For Angola Blocks 104
 11.2.4 Jul 02, 2008: Angola To Resume Oil Licensing Round In Late 2009 105
 11.3 Strategy and Business Expansion 105
 11.3.1 Feb 09, 2009: Eni And Sonangol Sign Agreement To Jointly Evaluate Angolan Onshore Basins 105
 11.3.2 Oct 05, 2008: ONGC To Explore Oil Blocks In Angola And Brazil 106
 11.4 Recent Discoveries 107
 11.4.1 Mar 03, 2009: BP Announces Oil Discovery In Ultra-Deep Water Block 31, Angola 107
 11.4.2 Oct 15, 2008: BP Discovers Oil At Dione Well In Ultra Deepwater Block 31, Angola 107
 11.4.3 Oct 14, 2008: Eni And Sonangol Encounter Oil At Ngoma-1 Well In Block 15/06 Offshore Angola 108
 11.4.4 Aug 06, 2008: EnerGulf Updates On Kunene #1 Well, In Block 1711, Angola 109
 11.4.5 Jun 06, 2008: ROC Discovers Oil In Coco-1 Exploration Well, Angola 109
 11.4.6 May 05, 2008: Eni Announces Oil Discovery Offshore Angola 110
 11.5 Drilling and Production Updates 111
 11.5.1 Feb 17, 2009: VAALCO Provides Drilling Update 111
 11.5.2 Feb 05, 2009: Chevron To Raise Daily Production To 620,000 Bpd With Tombua-Landana Field In Angola 112
 11.5.3 Feb 05, 2009: BP Raises Production At Plutonio Oil Field In Angola 113
 11.5.4 Nov 21, 2008: BP Angola's Plutonio Oilfield Production Reduces To 200,000 B/D 113
 11.5.5 Oct 08, 2008: Chevron To Rise Production From Angola Next Year 113
 11.5.6 Oct 08, 2008: ROC Plugs And Abandons MAW-1 Well In Cabinda South Block, Onshore Angola 114
 11.5.7 Sep 24, 2008: ROC Reaches Total Depth At Arroz-1 Well In Cabinda South Block, Angola 114
 11.5.8 Sep 19, 2008: ROC Initiates Drilling At MAW-1 Well In Cabinda South Block, Onshore Angola 114
 11.6 Other Significant Developments 115
 11.6.1 Feb 20, 2009: Sao Tome And Principe To Sign Agreement With Sonangol 115
 11.6.2 Jan 27, 2009: VAALCO Provides Operational Update 115
 11.6.3 Jan 16, 2009: Angola To Raise Production Capacity At Block 17 In Zaire Province 117
 11.6.4 Jan 09, 2009: Angola Produces 695 Million Barrels Of Oil In 2008 117
 11.6.5 Jan 02, 2009: Angola Cuts Output To Follow OPEC’s Production Quotas 118
 11.6.6 Nov 06, 2008: Odebrecht Oil & Gas To Invest $100 Million In 2009 To Explore Angolan Oil Block 118
 11.6.7 Oct 09, 2008: Angola's Oil Production Falls To 1.959 Million Bpd 119
 11.6.8 Sep 23, 2008: Petrobras To Conduct Seismic Tests For Subsalt Oil Deposits In Angola 119
 12 Appendix 121
 12.1 Methodology 121
 12.1.1 Coverage 121
 12.1.2 Secondary Research 122
 12.1.3 Primary Research 122
 12.1.4 E&P Forecasts 123
 12.1.5 Midstream Forecasts 124
 12.1.6 Expert Panel Validation 125
 12.2 Contact Us 125
 12.3 About GlobalData 125
 12.4 Disclaimer 125
 
 1.1 List of Tables
 Table 1: Angola, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 13
 Table 2: Angola, Historical and Forecasted Import and Export of Crude Oil, 1996-2020 15
 Table 3 Angola, Historical Reserves of Crude Oil, 1996-2008 17
 Table 4: Angola, Crude Oil and Natural Gas, Profit Oil/Gas, 2007 22
 Table 5: Angola, Cabinda Centro Onshore Block, Profit Oil/Gas, 2007 23
 Table 6: Angola, KoN 11 and KON12 Kwanza Onshore Block 23
 Table 7: Angola, Block 9, Block 19, Block 20 and Block 21 23
 Table 8: Angola, Block 46, Block 47 and Block 48 24
 Table 9: West Africa, Investment Benchmarking, Overall Country Rankings, 2008 26
 Table 10: West Africa, Investment Benchmarking, Upstream Fiscal Attractiveness, 2008 27
 Table 11: West Africa, Investment Benchmarking, Oil Sector Performance, 2008 29
 Table 12: West Africa, Investment Benchmarking, Economic Performance, 2008 33
 Table 13: West Africa, Country Standings, Economic Performance, 2008 34
 Table 14: West Africa, Investment Benchmarking, Socio-Political Performance, 2008 36
 Table 15: West Africa, Country Standings, Socio-Political Performance, 2008 36
 Table 16: Angola, Crude Oil Key Statistics, 2008 38
 Table 17: Angola, Total Gross Crude Oil Production (MMBBLs), 2001-2008 40
 Table 18: Angola, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 41
 Table 19: Angola, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2001-2008 42
 Table 20: Angola, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2001-2008 44
 Table 21: Angola, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 45
 Table 22: Angola, Forecasted Assets-wise Gross Revenue(000'$), 2009-2014 45
 Table 23: Angola, Projected Assets-wise Total Government Take (000'$), 2009-2014 46
 Table 24: Angola, Projected Assets-wise Total Contractor Take (000'$), 2009-2014 46
 Table 25: Angola, Active Oil Field Assets Details 47
 Table 26: Angola, Planned Oil Field Assets Details 47
 Table 27: Angola, Pipeline Key Statistics, 2008 48
 Table 28: Angola, Crude Oil Pipeline Length by Company (Km), 2008 48
 Table 29: Angola, Crude Oil Pipelines, 2008 50
 Table 30: Angola, Refinery Key Statistics, 2008 51
 Table 31: Angola, Total Refining Capacity (MMTPA), 2000- 2013 51
 Table 32: Angola, Refining Capacity Company-wise (MMTPA), 2000-2013 52
 Table 33: Angola, Crude Distillation Unit Capacity In Angola (MMTPA), 2000-2013 53
 Table 34: TOTAL S.A., Key Facts 54
 Table 35: TOTAL S.A., SWOT Analysis 65
 Table 36: TOTAL S.A., Revenue by Segment, Euro Million, 2003-2007 69
 Table 37: TOTAL S.A., Revenue by Geography, Euro Million, 2003-2007 70
 Table 38: TOTAL S.A., Financial Statements, Euro Million, 2003-2007 71
 Table 39: TOTAL S.A., Financial Ratios, Euro Million, 2003-2007 72
 Table 40: Exxon Mobil Corporation, Key Facts 73
 Table 41: Exxon Mobil Corporation, SWOT Analysis 82
 Table 42: Exxon Mobil Corporation, Revenue by Segment, USD Million, 2003-2007 89
 Table 43: Exxon Mobil Corporation, Revenue by Geography, USD Million, 2003-2007 90
 Table 44: Exxon Mobil Corporation, Financial Statements, USD Million, 2003-2007 91
 Table 45: Exxon Mobil Corporation, Financial Ratios, USD Million, 2003-2007 92
 Table 46: Sonangol,Key Facts 93
 Table 47: Sonangol, SWOT Analysis 96
 
 1.2 List of Figures
 Figure 1: Angola, Energy Sector Break-Up, 2008 11
 Figure 2: Angola, Crude Oil Production And Consumption (Thousand Barrels Per Day), 1996-2020 14
 Figure 3: Angola, Crude Oil Imports And Exports (Thousand Barrels Per Day), 1996-2020 16
 Figure 4: Angola, Crude Oil Reserves (Million Barrels), 1996-2008 18
 Figure 5: West Africa, Country Standings, Upstream Fiscal Attractiveness, 2008 28
 Figure 6: West Africa, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, 2008 30
 Figure 7: West Africa, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, 2008 31
 Figure 8: West Africa, Country Standings, Exploration Blocks Awarded, 2008 32
 Figure 9: West Africa, Country Standings, Economic Performance, 2008 34
 Figure 10: West Africa, Country Standings, Socio-Political Performance, 2008 37
 Figure 11: Angola, Crude Oil Assets Map, 2008 39
 Figure 12: Angola, Total Gross Crude Oil Production (MMBBLs), 2001-2008 40
 Figure 13: Angola, Gross Equity Weighted Crude Oil Production (MMBBLs),by Company, 2001-2008 43
 Figure 14: Angola, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2008 44
 Figure 15: Angola, Crude Oil Pipeline Length by Company (Km), 2008 49
 Figure 16: Angola, Total Refining Capacity (MMTPA), 2000- 2013 52
 Figure 17: TOTAL S.A., Value Chain Analysis 61
 Figure 18: Exxon Mobil Corporation, Value Chain Analysis 79
 Figure 19: GlobalData Methodology 121