ANPG Roadshows 2020 English Web

STAKEHOLDERS IN THE
SECTOR
PRESIDEN
T
Petroleum, Gas and Mineral Resources Ministry Finance Ministry
Mid/Downstream Operators Upstream Operators

MISSION
To Maximize value for the State through the
efficient and responsible management of Oil
and Gas
Presidencial Decree
n.º 49/19, of 6th of
February
VISION
ROLE To become an international entity by
• Regulator
S promoting a business environment of
• Promotor excellence and a place of choice for
investors
• Supervisor
In compliance with the General Strategy for the Awarding of Petroleum
Concessions 2019 - 2025, approved by Presidential Decree no. 52/19, it was
outlined a specific strategy for bidding Blocks CON 1, CON 5 and CON
6 (Lower Congo Basin) and KON 5, KON 6, KON 8, KON 9, KON 17 and
KON 20 (Kwanza Basin).
In order to provide insight to investors on the bidding blocks and on the

feasibility conditions for the onshore petroleum operations, we present the
following subject:
v Technical Assessment of the Blocks

v Data Package
v Legislation Guidelines
v Environmental Aspects
v Logistic Conditions
v Commercial Terms
v Bidding Round Process
2020 ONSHORE
STRATEGY
Re-evaluate the To relaunch the Mitigate the To Promote the

oil potential in exploration and decline in Funding incorporation of
the Lower Congo production of production with regarding, low risk qualified Angolan
and Kwanza hydrocarbons in the the increase in investment labor and the
onshore Basins land areas of the exploration and involved dissemination of
basins and to discovery of new know-how,
promote alternatives resources technological
for accelerated innovation and sound
development governance practices
EXPLORATION AND PRODUCTION
HISTORY - I
1900 1952
1st Exploration 2nd Exploration
Record (Onshore Phase (Onshore
Lower Congo e Lower Congo e
Kwanza) Kwanza)
1972
1915 1st
Production
1st Exploration Phase Field
(Onshore Lower Benfica
Congo e Kwanza) (Onshore Kwanza
- Quenguela
EXPLORATION AND PRODUCTION
HISTORY - II
1980
2019
1st
PS
Generation
A
1994
2nd PSA Establishing ANPG
Generation
Agência Nacional de Petróleo, Gás
e Biocombustíveis
LUANDA
Photo
Photo Photo
ZAIRE
Photo
Photo
Photo Photo
TECNICA
L
EVALUATI
ON
AVAILABLE
BLOCKS
q Onshore Lower Congo Basin,

§ CON1
§ CON5
§ CON6
§ KON5
q Onshore Kwanza Basin
§ KON6
§ KON8
§ KON9
§ KON17
§ KON20
EXPLORATION HISTORY OF THE ONSHORE LOWER
CONGO BASIN
q 1900: First exploration records in the Basin, with campaigns carried out from 1915 onwards;
q During this period, 8 wells were drilled, which led to the discovery of the Ngondo well;
q Different 2D seismic campaigns were carried out between 1960 and 2011 with a total coverage of 7 685
km along the Basin;
q 49 exploration wells were drilled from which 20 discoveries were made;
q 17 oil and 1 de gas fields were discovered;
q The high oil potential of pre-Salt and post-Salt was proven from the production at Pinda Fm. (Albian)
for over 40 years in the fields of FS / FST Concessions.
EXPLORATION HISTORY OF THE ONSHORE
KWANZA BASIN
q 1910-1925: Beginning of exploration activities in the Basin;
q 1953-2012: The second phase of exploration and active production in the Basin, with the execution of
several 2D seismic campaigns and the acquisition of Grav / Mag data throughout the Basin;
q 127 exploration wells were drilled;
q 11 oil and 2 gas fields were discovered;
q Petroleum systems were tested and proven from the 3 plays in the Basin, that is, pre-Salt, Albian and
Tertiary.
PETROLEUM SYSTEM OF ONSHORE LOWER CONGO AND
KWANZA BASINS
ONSHORE LOWER CONGO KWANZA BASIN
IO
BASIN
RESERVOIR
POST-SALT
RREESSEER
R
SOURCE
Ó
POST-SALT
RVVOOIRT
I
SOURCE
A
LITHOLOGY
T
SOURCE
AGE Litolog
A FORMATION AGE R FORMATION
SEA
V D O
ROC
R
SEA
L
E / GROUP O / GROUP
L
S SE
y
A
K
LITHOLOGY
L
E R
R G
Cirques Quaternary E
Pleistocene QUIFANGONDO
MALEMBO Plio- Pliocene
Neogene
(Sandstones and Shales)
(Turbiditic
Sandstones Miocene Miocene
and Shales)
Malembo
CUNGA-GRATIDÃO Oligocene
Paleogene
Oligocene (Shales and Marls)
Eocene
CABO LEDO Paleocene
IABE Eocene (Shales) Maastrichtian
(Shales)
Landana Campanian
Santonian
Paleocene CATUMBELA Coniacian
PINDA (Calcarenites)
(Oolitic Carbonates, Turonian
Shales and
Cretaceous
Sandstones) Sentonian Cenomanian
Iabe
BINGA
Turonian (Oolitic Calcarenites and
Shales) Albian
Cenomanian
Pinda
LOEME (Evaporites) Albiano MASSIF SALT (Evaporites)
Loeme Aptian Sal Maciço
Aptiano
Chela
PRE-SALT Barremian PRE-SALT Barremian
Bucomazi Hauterivian
CHELA (Sandstones) Hauterivian CHELA (Sandstones)
Valanginian
BUCOMAZI (Shales) Valanginian GRAY CUVO
Berriasian
(Sandstones, Calcarenites and
TOCA (Carbonates) Berriasian
Lucula Shales)
Precambria n
LUCULA (Sandstones) Precambric RED CUVO
Maiombe
(Sandstones, Carbonates and Shales)
Reservoir Source Seal Reservoir Source Seal
REGIONAL GEOSEISMIC MODEL OF ONSHORE LOWER
CONGO BASIN
W E
Post-Salt:
 Moderate salt tectonics in Albian;
 Syndepositional growth faults.
Pre-Salt:
 Faults rooted in the basement, forming horsts and
grabens structures;
 Pinch-out shaped sandstones on the flanks of the
horsts;
 Carbonates on the top of the horsts and microbialites in
the Sag;
 Evaporitic sequence representing an effective seal at
the pre-Salt level.
Tertiary Cretaceous Albian Evaporites Chela Upper Bucomazi
Lower Bucomazi Lucula Basement Carbonates
REGIONAL GEOSEISMIC MODEL OF ONSHORE
KWANZA BASIN
W E
Post-Salt:
 Strong salt tectonics influence
 Lystric syndepositional growth faults;
 Tertiary troughs and sandstone channels.
Pre-Salt:
 Horsts and grabens structures;
 Pinch-out shaped sandstones on the flanks of the
horsts;
 Coquinas carbonates on the top of the horsts and
microbialites in the Sag;
 Evaporitic sequence.
Tertiary Cretaceous Albian Evaporites Sag Synrift Carbonates

Sandstone channels Sandstones Basement Black marls
REGIONAL GEOSEISMIC MODEL OF BLOCK
CON 1
W E

Pre-Salt
• Moderate tectonic forming horts and half-grabens above which synrift sediments were deposited;
• Chela Fm slightly thick along the base of the Salt;
• Evaporitic sequence (Loeme Fm).
Post-Salt
• Normal faults at the Albian;
• Thicker Tertiary sedimentary deposition to the West.
PROSPECTIVITY OF BLOCK
CON 1 Pre-Salt
Leads-1 and 2:
Seismic Line no. TNG-2010-03_BM § Source rock: Bucomazi Fm.
CON 1 CON 2 shales
W E
§ Reservoir: Coquinas
carbonates and/or
sandstones from the Chela
Lead-3 Fm.
§ Seal: Evaporites of the Loeme
Fm.
§ Trap: Mixed (structural and
Leads-1 and 2 stratigraphic)
Post-Salt
Lead-3:
§ Source rock: Shales from
the Pinda and/or
Bucomazi Fms.
§ Reservoir: Oolitic
Top of the Tertiary Upper Cretaceous Top of the Albian
Top of the Salt Base of the Salt Basement
carbonates from Pinda
Fm.
§ Seal: Shales from Pinda
Fm.
stratigraphic)
CON 5
W E

Pre-Salt
• Faults rooted in the basement forming horsts and grabens;
Post-Salt
• Poorly structured Albian;
• Tertiary with variable thickness along the line, tapering to the east.
CON 5
Seismic Line no. TNG-2010-21_BM
CON 4 CON 5
NO SE
Lead-1
Top of the Tertiary Upper Cretaceous

Top of the Albian
Top of the Salt Base of the Salt
Basement
Pre-Salt
Lead-1 :
§
Source
rock:
Shales
from
Bucoma
zi Fm.
CON 6
W E

Pre-Salt
• Faults rooted in the basement forming horsts and grabens;
Post-Salt
• Poorly thick and structured Albian;
• Tertiary very thick along the Block.
CON 6
Pre-Salt
Seismic Line no. TNG-2008-11 Lead-1:
§ Source rock: Bucomazi Fm.
KON 4
shales
W
E § Reservoir: Sandstones from
the Chela Fm.
§ Seal: Intraformational shales
from Bucomazi Fm. and/or
Lead-2 Loeme Fm. evaporites
stratigraphic)
Lead-1 Post-Salt
Lead-2:
§ Source rock: Shales from the
Pinda and/or Bucomazi Fms.
§ Reservoir: Oolitic carbonates
from Pinda Fm.
§ Seal: Shales from Pinda Fm.
Top of the Tertiary Upper Cretaceous Top of the Albian § Trap: Mixed (structural and
Top of the Salt Base of the Salt Basement
stratigraphic)
KON 5
W E

Pre-Salt
• Faults basement with horsts and grabens;
• Visible sag in the west and center of the seismic line;
• Evaporitic sequence (Massive Salt Fm).
Post-Salt
• Thick and faulted Albian;
• Thick Tertiary with post-depositional extensional faults and ocurrence of Quenguela and Funda troughs.
KON 5
Pre-Salt
Lead-1:
Seismic Line no. GKC-2010-SKB_208
KON 4 KON 5 KON 6
§ Source rock: Red Cuvo Fm.
SE NW shales
KON 9 § Reservoir: Sandstones or
Lead-2
microbial carbonates from
the Chela equivalent Fm.
§ Seal: Massive Salt Fm.
evaporites
stratigraphic)
Lead-1 Post-Salt
Lead-2:
Top of the Tertiary Upper Cretaceous Top of the
Albian Top of Salt Base of the Salt Base of the Sag Basement § Source rock: Shales from the
Binga Fm.
§ Reservoir: Carbonates from
Catumbela Fm.
§ Seal: Shales from the upper
Cretaceous Cabo Ledo Fm.
stratigraphic)
KON 6
N S E
W

Pre-Salt
• Faults basement with horsts and grabens;
• Visible sag in a large extension of the Block;
Post-Salt
• Thick and lightly faulted Albian;
• Thick Tertiary with post-depositional extensional faults and ocurrence of two troughs.
KON 6 Post-Salt
Lead-1:
NW
KON 8
Quifangondo, Cunda and/or
KON 9 KON 6 KON 7
SE
Cuvo Fms.
Lead-1 § Reservoir: Sandstones
channels from the
Quifangondo Fm.
§ Seal: Intraformational
shales from the
Lead-2 Quifangondo Fm.
§ Trap: Mixed
(structural and
stratigraphic)
Post-Salt
Lead-2:
Binga Fm.
§ Reservoir: Carbonates from
Catumbela Fm.
§ Seal: Shales from the Cabo
Ledo Fm.
Top of the Tertiary Upper Cretaceous Top of the
Albian § Trap: Mixed (structural and
Top of Salt
Base of the Salt Base of the Sag Basement
stratigraphic)
KON 8
W E

Pre-Salt
• Highly faulted basement with horsts and grabens;
Post-Salt
• Thick Albian with normal faults and antiforme structures;
• Thick Tertiary with post-depositional extensional faults and ocurrence of one trough.
KON 8 Pre-Salt
Lead-1:
Seismic Line no. GKC-2010-SKB_214 § Source rock: Shales from
KON 8
Red Cuvo Fm.
KON 4 KON 9
SE NW
§ Reservoir: Coquinas
carbonates from the Red
Cuvo Fm.
Lead-2
§ Seal: Intraformational
shales and/or evaporites
from the Massive Salt Fm.
stratigraphic)
Lead-1
Post-Salt
Lead-2:
Binga and/or Cuvo Fms.
from Binga Fm.
Top of the Tertiary Upper Cretaceous Top of § Seal: Shales from the Cabo
the Albian
Top of Salt
Ledo Fm.
Base of the Salt Base of the Sag § Trap: Mixed (structural and
Basement
stratigraphic)
KON 9
W E

Pre-Salt
• Sag occurs locally;
Post-Salt
• Thick and lightly faulted Albian;
KON 9
Pre-Salt
Lead-1:
SE
KON 9 NW § Source rock: Shales from
KON 11 KON 8 KON 10
Red Cuvo Fm.
§ Reservoir: Sandstones
Lead-2 from the Gray Cuvo
Fm.
§ Seal: Evaporites from
the
Massive Salt Fm.
stratigraphic)-
Post-Salt
Lead-1 Lead-2:
Binga Fm.
from Binga Fm.
§ Seal: Salt facies from the
Tuenza Fm. or shales of the
Quissonde Fm.
Top of the Tertiary Upper Cretaceous Top of the Albian § Trap: Mixed (structural and
Top of Salt Base of the Salt Base of the Sag Basement stratigraphic)
KON 17

Pre-Salt
• Sag occurs locally;
Post-Salt
• Thick Albian with normal faults and antiforme structures;
Pre-Salt
KON 17 Lead-1:
Seismic Line no. GKC-2010-SKB_230 Cuvo Fm.
NW
SE
KON 17 KON 18 § Reservoir: Sandstones from
the Chela equivalent Fm. or
microbial carbonates of the
Gray Cuvo Fm.
§ Seal: Evaporites from the
Lead-2 Massive Salt Fm.
stratigraphic)
Lead-1 Post-Salt
Lead-2:
Quifangondo, Cunga and/or
Cuvo Fms.
§ Reservoir: Sandstones
channels of the Quifangondo
Fm.
Top of the Tertiary Upper Cretaceous Top of the Albian
Top of Salt Base of the Salt Base of the Sag Basement
from the Quifangondo Fm.
stratigraphic)
KON 20
W E

Pre-Salt
Post-Salt
• Albian characterized by lystric faults, rafts and antiforme structures;
• Thick Tertiary with syndepositional extensional faults and ocurrence of Maculungo trough at West of the
Block.
KON 20
Pre-Salt
Seismic Line no. GKC-2010-SKB_234 Lead-1:
SE NW
§
KON 19 KON 20 KON 18 Source
Red Cuvo Fm.
rock:Reservoir: Coquinas
§
Shales
carbonates from the Red
Lead-2 fromCuvo Fm.
and/or evaporites of the
Lead-1 Massive Salt Fm.
stratigraphic)
Post-Salt
Lead-2:
Binga and/or Cuvo Fms.
Top of the Tertiary Upper Cretaceous Top of the of the Binga Fm.
Albian
Top of Salt Base of the Salt Base of the Sag Basement
§ Seal: Shales from the Cabo
Ledo Fm.
stratigraphic)
ACESSIBILITY STUDIES
AND DATA
PACKAGES
ONSHORE CONGO & KWANZA
BASINS
The exploration of hydrocarbons in Angola had its starting
date in 1910 when the first oil exploration license was
granted, which covered an area of 114,000 km² of land in
both the Congo and Kwanza basins.
Since then, data has been acquired during well drilling on

both onshore and offshore’s sedimentary basins of Angola,
with the following data being highlighted:
Geophysicists: 2D, 3D, 4D seismic and magnetometry

data.
Geological: Drilling reports, geological, petrophysical,

stratigraphic, tests, production, electrical diagrams (logs),
samples (cores, cuttings), regional studies, among others.
ONSHORE LOWER CONGO ONSHORE KWANZA BASIN

BASIN
BLOCKS AREA BLOCKS AREA
CON1 700,12 Km² KON5 1,024,00 Km²
CON5 683,29 Km² KON6 1,024,00 Km²
CON6 708,78 Km² KON8 1,024,00 Km²
KON9 1,024,00 Km²
KON17 1.014,75 Km²
KON20 1.009,67 Km²
LOWER CONGO – SEISMIC MAPS &
WELLS
CO
N1
CO
N5
CO
N6
BL BL B
OC OC L
K K O
CO CO C
N1 N5 K
MAGNETOMETRY MAPS OF THE ONSHORE CONGO
GENERAL BASIN
MAP ZONE REPROCESSED IMAGE MAP TMI ANALYTICAL RTP – 2VD IMAGE MAP
KWANZA – SEISMIC MAPS &
WELLS
KO
KO N6
N5
KO
N8
BLOC B BLO
K KON L CK
5 O KON
Seismic Coverage C 8
2D: 296,03 km K Seismic Coverage
Year: 2010, 1974, 2D: 190,75 km
1972 Year: 2010, 1974
KWANZA – SEISMIC MAPS &
WELLS
KO
N 17
KO
KO N 20
N9
BLOCK KON 17 BLOCK KON 20

B Seismic Coverage Seismic Coverage
L 2D: 114,22 km 2D: 395,05 km
Year: 2010, 1971 Year: 2010, 1971
O Nº of Wells : 2 Nº of Wells : 1
C
K
K
MAGNETOMETRY MAPS OF THE ONSHORE CONGO
BASIN ZONE
GENERAL MAP REPROCESSED IMAGE MAP TMI ANALYTICAL RTP – 2VD IMAGE MAP
Acessibility Studies Results
GOALS 1. Data Base creation
§ Updated Satelite Imagery Acquisition
§ Ground topographic acquisition Digital information available for consultation
§ Geographic DataBase creation
Districts boundaries Roads Natural Reserves
Demographic Density Hidrograph High Resolution Block Images
y
2. Atlas Content
§ General maps of the administrative division of the Lower Congo and Kwanza Basin Blocks.
ACESSIBILITY RELEVANCE
§ Acess to land for research
activities/purposes
AVAILABLE FISICAL ATLAS

§ Blocks Occupancy Map § Kilamba District § Slope Maps
Map
ACESSIBILIT
Y STUDIES
OF THE
ONSHORE § Hydrographic Map 3. ANPG Data Portal (INSIGTH GIS)
LOWER
CONGO AND
KWANZA
BASINS
INTERACTIVE DATA
PACKAGES
For this years’ bidding round, two data packages were
created with E&P information from the following areas: MAPS GEOLOGICAL DATA
Concession Maps, Wells,
v ONSHORE LOWER CONGO - CON1, CON5 e CON6 Seismic, Oil Companies,
Regional Studies,
v ONSHORE KWANZA - KON5, KON6, KON8, KON9, KON17 e Angola Basins Stratigraphic
KON20
LOWER CONGO WELL DATA BLOCKS DESCRIPTION

ONSHORE Final Reports Technical Brochures
Well Logs Prospectivity
GEOPHYSICAL DATA LEGAL INFORMATION

Content listing Main laws of the Petroleum
sector in Angola
ACCESSIBILITY
Maps with information on Geodetic Landmarks, Administrative
Division, Population, Hydrographic and Road Network
© 2020 gência Nacional de Petróleos, Gas e
A Biocombustíveis
PACKAGE OF THE ONSHORE CONGO AVAILABLE
BASIN
For the Congo onshore data package, technical E&P data is INFORMATION
available for Blocks: CON1, CON5 and CON6
LOWER CONGO Nº. of Wells : 24

ONSHORE
Content listing;
Block summary;
Well database & Additional information (Headers,
stratigraphy, well sampling, tests) of 57 wells, field
production data;
Well data: Geological reports, polling, stratigraphic,
tests and logs;
Regional studies: 14
Diverse and interactive maps
© 2020 Agência Nacional de Petróleos, Gas e
Biocombustíveis
PACKAGE OF THE ONSHORE KWANZA BASIN AVAILABLE
INFORMATION
For the Kwanza onshore data package, technical E&P data is
available for blocks: KON5, KON6, KON8, KON9, KON17 e Nº. of wells bidding on KON blocks : 36
KON20 Additional Wells: 13
KWANZA ONSHORE
Content listing;
Block summary;
Well database &
Additional
information
(Headers,
stratigraphy, well sampling, tests) of 57 wells, field
production data;
Well data: Geological reports, polling, stratigraphic,
tests and logs;
Regional studies :25
STEP BY STEP PROCEDURE FOR DATA PACKAGE
ACQUISITION
REQUES AGREEMENT PAYMENT DELIVER

T SIGNATURE T Y
licensing_round2020@anpg.co.ao
E-
MAI DEPOSI FT
T P
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Block
of
DATA USE LICENSE
the ' ‘Well Logs and Well Reports’' concerning to “

respectively” has been licensed to:
(LICENSEE).
This LICENSE is made subject to the following conditions and understandings:

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GEOPHYSICAL DATA – SALES
CONTACTS
FOLARIN NOUMOUKE KABA

LAJUMOKE Vice President South Africa Region
Vice President Africa Rua Emilio M’Bindi, Bairro Alvalade, No.
31, Windsor Street Chertsey 69. Luanda,
KT16 8AT, República de Angola
United Kingdom noumouke.kaba@deltagroupnk.com
Folarin.jumoke@iongeo.co +244 944 547 098
m +336 42 63 72 91
+44 (0)1932 792215 www.ddmsangoladata.com
+44 (0)7741310770
www.iongeo.com
CONTACTS
ANPG
HERMENEGILDO T.J. ADRIANO P. M. LÚMEN N. P. TERESA MATOSO
BUILA SEBASTIÃO SEBASTIÃO AGOSTINHO
Head of Negotiations Head of Exploration Head of Data Management Head of Legal
+244 226 428 550 +244 226 428 700 +244 226 528 500 +244 226 428 183
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Lopes Lima Street, Ingombota,Torres do Carmo II - Luanda - República de Angola – P.O. Box: 3279
licensing_round2020@anpg.co.ao
ENVIRONMENTAL
ASPECTS OF
ONSHORE
EXPLORATION
ENVIRONMENTAL ASPECTS
ONSHORE LOWER CONGO

BASIN
Occupies an area Blocks CON 1, Fauna and Flora

of 7.000 Km² CON 5 e CON The area is comprised of
6 mangroves, forest mosaics
(in yellow) and other shrubs, with
Located in the streams and tributaries
municipality of that will flow into the
Soyo, Zaire Congo River
province
ENVIRONMENTAL
ASPECTS
ONSHORE KWANZA
BASIN
Occupies an area of Blocks KON 5, KON 6, Fauna e Flora

25.000 Km². KON 8, KON 9, KON The area is comprised of
9.600 Km² 17 e a forest-savanna mosaic
corresponds to the KON 20 (in yellow) and mangroves, with
extension of the Some of the blocks are elephants, african forest
Quiçama National Park. entirely or partially buffaloes, roan antelope,
located inside the etc.
Quiçama National Park.
LEGAL FRAMEWORK FOR
ENVIRONMENTAL
MANAGEMENT
BASE FOR ENVIRONMENTAL
Decree n.º MANAGEMENT
39/00 INSTRUMENTS IN ANGOLA
Protection of the
Environment in
the Course of
Law 10/04 Petroleum Law 5/98
(Amended by Activities
Law 5/19) Law Base law of
on Petroleum the
Activities Environment
CONSTITUTION OF THE REPUBLIC OF

ANGOLA OF 2010
LEGAL FRAMEWORK FOR ENVIRONMENTAL
MANAGEMENT
Decree on General Regulation for Environmental Impact
Assessment and Environmental Licensing Procedure,
nº 117/20 of 22 April
Decree about the
Protection of the
Environment in the Course Executive Decree on Operational Discharge
of Petroleum Activities, n.º Management, nº 97/14 of 8 April
39/00 of 10 October
= Environmental Impact Executive Decree on Spill Occurrence Notification,

Assessment and nº 11/05 of 12 January
Environmental Licensing.
= Spill response Plan.
= Removal and Disposal of Presidential Decree on Waste Management, nº
waste management plan.
190/12 of 13 July
= Operational and discharge
management plan.
= Abandonment plan and
installation site restoration. Presidential Decree on the Abandonment of Wells and
Dismantling of Oil Installations, nº 91/18 of 10 April
The current legislation sets boundries
and offers guidelines for companies to
achieve environmental protection
objectives.
The strict compliance of it, allows

companies to carry out their
commercial activities for the benefit of
stakeholders while protecting the
environment.
VIABLE
OPPORTUNITIES TO
INSURE A FUTURE -
LOGISTICS,
REGIONAL
DEVELOPMENTS
AND LOCAL
CONTENT
PROMOTION
LOGISTICS: SOUTH PETROLEUM
TERMINAL - TPS
MOST OF THESE BLOCKS ARE LOCATED INSIDE OF
QUIÇAMA PARK
•The blocks of the terrestrial Kwanza (KON)

are in an embryonic stage of development,
with the start of production expected in 2025
•In the first phase, the TPS should support 10

KON blocks: 3, 4, 5, 6, 7, 8, 9, 11, 12 and 17.
INFRASTRUCTURES AND
SERVICES
OPPORTUNITIES TO A BRIGHT FUTURE - LOGISTICS, REGIONAL DEVELOPMENT AND
PROMOTION OF LOCAL CONTENT
v Promote new way forward for new Private Angolan
companies to participate in the research and production of oil
in onshore areas;
v Improvement and development of terminals / logistics

bases to support production operations or other existing
facilities or industrial bases that can be used for this
purpose;
v Creation of infrastructure for the treatment of industrial

waste from common exploitation;
v Opportunities to invest in the transport, furniture, trade,

industry, energy, petrochemicals, transformation sector and
many others.
LEGAL
FRAMEWORK
APPLICABLE TO
THE PETROLEUM
SECTOR
61
1. LAW N.º 10/04, OF NOVEMBER (PETROLEUM OPERATIONS LAW) AND
DECREE N.º 1/09, DE 27 OF JANUARY 27 (APPROVES PETROLEUM
OPERATIONS REGULATION)
Establishes the access rules and execution of petroleum operations in the available
surface and submerged areas of the national territory, the inland waters, the territorial sea,
the exclusive economic zone and the continental plataform.
GENERAL PRINCIPALS
1. Public ownership of petroleum resources;

2. Exclusivity of the National Concessionaire (“CN”);
3.CN shall associate with national or foreign entities with proven technical and financial
capacity, upon a Government authorization;
4. Mandatory risk for Partners;
5. Conditions for the execution of petroleum operations: prospecting license or a concession;
6. Association Mechanisms: Commercial Partnership, Consortium Contract and Production
Sharing Agreement.
2. LAW 13/04, OF DECEMBER 24, (TAXATION OF PETROLEUM ACTIVITIES).
Establishes the tax regime applicable to the exploration, development, production, storage,
sale, export, treatment and transportation of crude oil and natural gas.
TAXATION REGIME
TAX TAX INCOME FEES
PETROLEU Applicable to exploration, development, production, storage,

sales, treatment and transportation activities 50% (CPP) and
M INCOME
65,75% (CSR)
TAX
Applicable to the concession area or the DA's, if established in a
SURFACE TAX
contract executed with the CN US 300.00/ Km2
CONTRIBUTIO Decree nº 17/09 de

Applicable to local and foreign suppliers of goods and services
N FOR 26 de Junho (Fixa
to Oil Companies
ANGOLAN Contribuição)
STAFF
TRAINING
3. DECREE N.º 120/08, OF DECEMBER 22 (ACCESS TO ONSHORE AREAS)
Establishes the rules for access to onshore areas and the acquisition of land rights in order to carry out petroleum operations, being the National
Concessionaire and MIREMPET the entities that guarantee the materialization of said access, in terms of execution of procedures provided for
in the applicable legislation.
APPLICABLE LEGISLATION
Onshore oil exploration and production shall be subject to compliance with the provisions
set out in the following legislation:
§ Law n.º 9/04, of November 09 – Land Access Law (establishes the general bases
of the legal regime of the lands integrated in the original property of the state);
§ Decree n.º 58/07 of July 13 - Approves the General Land Concession Regulation.
4. CONCESSION
DECREE
Formal Government instrument through which the National Concessionaire is
awarded with a specific oil concession.
RELEVANT ASPECTS
Among other aspects, the Concession Decree defines:
1. Allocation of mining rights;
2. Definition and description of the concession area;
3. Duration of the concession and the different phases and periods;
4. Operator identification;
5. Approval of the Production Sharing Agreement (if the National Concessionaire

intends to be associated with a third party).
5. LAW No. 11/04 OF NOVEMBER 12 (LAW ON THE APPLICABLE CUSTOMS
REGIME IN THE PETROLEUM SECTOR)
Establishes the customs regime by which petroleum operations are governed in the
areas under the jurisdiction of the Republic of Angola, wish applies to CN, its
associates and entities that execute petroleum operations on their behalf.
GENERAL PRINCIPALS
1. Exemption from duties and service charges associated with the import and
export of goods destined for oil operations;
2. Determines a list of goods exempt from taxation;
3. It allows the temporary import and export of the goods referred to in the
exemption list, with no deposit required;
4. The use of these assets for purposes other than those foreseen and declared
constitutes an offense punishable under the terms of the applicable legislation.
6. ANTI-CORRUPTION LEGISLATION
For the execution of petroleum operations, the CN and its Associates shall perceive the
guidelines issued by the Angola Anticorruption legislation and the International Conventions, as
per the following legislation:
q Law No. 3/10, of March 29 (Law on Public Probity): Establishes the bases and the legal
regime related to public morality and respect for public assets, by the public agent;
q Law No. 5/20, January 27 (Law Against Money Laundering, Financing Terrorism and
Proliferation of Weapons of Mass Destruction): establishes measures of a preventive and
repressive nature to combat the money laundering, the financing of terrorism and
proliferation of Weapons of Mass Destruction;
q Principles described in the United Nations Convention against Corruption, signed in

Mérida on 31 October 2003 and which effective date was on 14 December 2005.
Enlarged operator limits for Specific legal and tax regime to
Accelerated bidding process contracts approval for the natural gas (Presidential Legislative
(Presidential Decree No. acquisition of goods and services Decree No. 7/18)
86/18) (Presidential Decree No. 86/18)
• Simplification and • Prerogative of the operator to • Allows for the efficient use of gas
acceleration of the acquire goods and services up
to US $ 5,000,000.00 without reserves, promotes economic
process to grant investor National Concessionaire diversification, encourages the
companies the status of consent. exploratation of natural gas and
CN associates, allowing guarantees the necessary
more frequent promotion flexibility of commercial terms to
and licensing of ensure economic viability of gas
concession areas, projects.
preserving the public
interest.
Exploration within Rules and Procedures for Development of Marginal Fields
development areas Abandonment and (Presidential Legislative Decree
(Presidential Legislative Decommissioning (Presidential No. 6/18)
Decree No. 5/18) Decree No. 91/18)
• Creation of a special regime • Implementation of a specific • Tax incentives that create a
that allows additional regime for abandonment and positive impact on the
exploration of the decommissioning. economic viability of marginal
concession areas during the discoveries.
production period, allowing • The financing of the liabilities
new discoveries in areas
will be via guarantee accounts,
that reveal prospects which
can maximize production ensuring that the abandonment
levels in Angola. and decommissioning processes
are carried out in accordance
with the best
international practices
STABLE FLEXIBLE
ADVANTAGE
The Angolan legal system presents a very robust and attractive mechanism for
investment regarding to onshore oil exploration and production activities, since it
establishes precise Rules to ensure access to land and the execution of
petroleum operations. Angola is unequivocally one of the geographies that offers the
best investment conditions, given the legal and contractual flexibility,
associated with the legislative evolution registered over the last few years as well as
the improvements adopted in the operational area, situation which makes the Oil and
Gas industry more attractive in Angola, creating:
q GREATER DYNAMISM IN THE CONCESSION MANAGEMENT PROCESS;

q GREATER FLEXIBILITY IN THE AWARD OF CONTRACTS FOR THE
ACQUISITION OF GOODS AND SERVICES IN THE SECTOR;
q GREATER CONTRACTUAL AND FISCAL FLEXIBILITY;
q GREATER CONTRACTUAL STABILITY;
q IMPROVEMENT OF PETROLEUM OPERATIONS;
q GREATER CONSISTENCY IN THE ABANDONMENT ACTIVITY.
2020 BIDDING ROUND
AND CONTRACTUAL
TERMS
LEGAL FUNDAMENTALS FOR THE 2020 BIDDING
ROUND intends to associate with third parties to jointly carry out petroleum operations in
In the Event of the National Concessionaire
given area, a public tender shall take place, under the terms of article 44 of Law 10/04, 12 November.
Public Tender Presidential Decree

(LAP n.º 2 e 3, art.º 44) n.º 86/18.
PRODUCTION SHARING CONTRACT

BIDDING
ROUND
CONCEPTS AND DEMONSTRATION OF PRODUCT
SHARING
FISCAL TERMS PRODUCTION
v Costs Recovery Order
a) SHARING
Operation Costs…………………100%
b) Development Costs……………..25% Total
Production
c) Exploration Costs……………….100%
v Petroleum Income Tax (PIT)

a) National Companies ……………..…...35%
b) International Companies ……………..50%
% %
v Amortization Cost Oil Profi oil
a) 25 % Year
v OPEX and CAPEX Recovery:
a) Cost Oil for each Development Area
v Uplift:
a) To the Development Costs is added the uplift. % %
CG NC
v Profit Oil
IRR % NC % CG Cost Oil not used up
>15% 20% 80%
Exploration Costs
15% to 20% 30% DRA 70%
FT Development Costs PIT
25% to 30% 40% 60%
Operation Costs $
<30% 60% 40%
CONDITIONS TO PARTICIPATE IN THE 2020 BIDDING ROUND
PROCESS
NON OPERATO
OPERATOR R
ENTRY FEE
Companies are required to pay a non-refundable entry fee of USD1.000.000,00 and are
granted access to all data package for the Bidding Round blocks.
2020 BIDDING ROUND -
III
30th of April
ANNOUNCEMENT
OF BIDDING
Signature of ROUND
30th of April BIDDNG ROUND ANNOUNCEMENT
Contract Submission of
proposals
up to
November up to 9th
1 Concession Area Description
of June
Contract
Negotiations
2 Terms of Reference
up to LICENSING
Opening of
19t th of October ROUND Proposals
3
PROCESS 10th of June Rules and Procedures of the Tender
Concession Proposals 4 Type of Contract

Award up to Evaluation and
10th of Qualification up to
August 26th of July 5 Final Bid Submission Date
III TERMS OF REFERENCE ITEMS
ANNOUNCEMENT 1 BIDDABLE
OF BIDDING ITEMS
Signature of ROUND
30th of April
Contract Submission of v BONUS AND CONTRIBUTIONS
proposals
up to ü Signature Bonus
up to 9th
November ü Contribution to Social Projects
of June
Contract ü Management Fee
Negotiations
up to LICENSING v MINIMUM WORK PROGRAM
Opening of
PROCESS 10th of June
2 NON-BIDDABLE
ITEMS
Concession Proposals
Award up to Evaluation and ü Cost oil
10th of Qualification up to ü Uplift
August 26th of July ü Profit oil
3 OTHER ITEMS: SONANGOL

CARRY
IV
Announcement of
9th of June
Bidding Round
30th of April
Signature of
Contract SUBMISSON SUBMISSION OF PROPOSALS
OF
up to PROPOSALS
November
up to 9th The proposals shall be submitted in Portuguese
Contract of June 1 (any other language must be officially translated to
Negotiations Portuguese)
up to LICENSING
Opening of
19t th of October ROUND Proposals 2 Closed and Sealed Envelope
PROCESS 10 of June
th
Concession 3 Until 5:30pm of the 40th day from the

Proposals
tender announcement date
August
26th of July 4 Submissions after the due date will not be
accepted
V
Announcement of
10th of June
Bidding Round
30th of April
Signature of
Contract Submission of OPENING OF THE PROPOSALS
proposals
up to
up to 9th Evaluation board composed by ANPG, MIREMPET
November
of June 1 and MINFIN, which is established prior to the
Contract Public Act for the opening session
Negotiations
up to LICENSING
OPENING
19t th of October ROUND OF 2 Opening of the proposals and application documents
PROCESS PROPOSAL
S
10th of June 3 Public disclosure of bidding contents and Terms of
Concession Proposals reference
August 26th of July
VII QUALIFICATION - REQUIREMENTS
Announcement of 1 NON
Bidding Round OPERATOR
30th of April
Signature of v Information on its capital structure
Contract Submisson of Ø Equity
proposals Ø Current and fixed assets
up to
November
up to 9 th
Ø Short and long term liabilities;
of June
Contract v References from reputable banking institutions supporting its
Negotiations financial capacity
up to LICENSING v Annual reports of the activities, the balance sheet and financial
Opening of records of the last three years or since its constitution
2 OPERATO
Concession R
PROPOSALS
Award up to EVALUATION v Proven competence and experience in the management and execution
AND
10th of August QUALIFICATION up of petroleum operations
to v Proven techinical and operational competence
26th of July v Efficient organizational structure
v Provide relevant information on safety, environmental protection,
pollution
prevention and employment policies
VI
EVALUATION OF PROPOSALS AND QUALIFICATION
Announcement of
Bidding Round
30th of April
Signature of 1 Companies may apply to be Operator or Non-
Contract Submisson of operator
proposals
up to
up to 9th 2 Non-operators don’t have to prove technical
November
of June capacity
Contract
Negotiations 3 Operator must provide financial record of the last three years
LICENSING and proof of technical capacity
up to
Opening of
Companies have 10 days to correct irregularities in
PROCESS 10th of June 4
the submitted documentation
Concession PROPOSALS
Award up to Bids are evaluated based on the weight assigned to
EVALUATION AND 5
each biddable item according to the Terms of Reference
10th of QUALIFICATION up
August to
26th of July 6 Blocks will be awarded to bidders that present the
highest bid
VI
Announcement of
10th of August
Bidding Round
30th of April CONCESSION AWARD
Signature of
Contract Submisson of
proposals
up to
up to 9th
A negotiation comitee is composed, 5 days following
November 1
awarding
of June
Contract
Negotiations
2 Awarding must be announced oficially to all bidders
up to LICENSING
Opening of
PROCESS 10th of June Publishing of awarding on the National Gazzete,
3 internacional media, website within 20 days closing of the
CONCESSION Proposal’s proposal evaluation period
AWARD up to
evaluation and
10TH OF AUGUST qualification
up to 26th of
4 Decision regarding the appeal – 5 days after
July acknolegment of receipt
IX
Announcement of
Bidding Round
19th of October
Signature of 30th of April
Contract
Submisson of
up to CONTRACT NEGOTIATION
proposals
November
up to 9th
of June
CONTRACT
NEGOTIATIO
NS LICENSING 1 5 days after award, the Negotiation Committee is criated
up to 19t th
ROUND Opening of
Proposals
of October PROCESS 10th of June
Concession 2 Negotiations between CN and GE are expected to take
Proposals
Award up to place over a period of 65 days
Evaluation and
August
26th of July
X
Announcement of
Bidding Round
30th NOVEMBER
30th of April
SIGNATURE
Submisson of
OF
proposals
CONTRACT up to 9th CONTRACT SIGNATURE
30 th November of June
Contract
Negotiations
LICENSING 1 Chairman of ANPG and associates sign a Production Sharing
up to 19tth Opening of
ROUND Proposals Contract
of October
Concession Proposals The Effective Date of the Production-Sharing Contract is the

Award up to Evaluation and 2 first working day of the following month after the contract
Qualification signature.
10th of
August up to 26th of
July
DISCLAIMER
This Presentation has been prepared as a guide to
support the 2020 Bidding Round. ANPG encourages
all the parties to acquire additional data and perform
further evaluations.
The ANPG disclaims any liability whatsoever for
losses or damages that may result from using the data
and information provided in this Presentation.
Q & A Se ssi o
n
Thank
You

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STAKEHOLDERS IN THE

Petroleum, Gas and Mineral Resources Ministry Finance Ministry

Mid/Downstream Operators Upstream Operators

In order to provide insight to investors on the bidding blocks and on the

v Technical Assessment of the Blocks

Re-evaluate the To relaunch the Mitigate the To Promote the

q Onshore Lower Congo Basin,

q 49 exploration wells were drilled from which 20 discoveries were made;

q 17 oil and 1 de gas fields were discovered;

q 1910-1925: Beginning of exploration activities in the Basin;

q 127 exploration wells were drilled;

q 11 oil and 2 gas fields were discovered;

Tertiary Cretaceous Albian Evaporites Sag Synrift Carbonates

Tertiary Cretaceous Albian Evaporites Chela Upper Bucomazi

Tertiary Cretaceous Albian Evaporites Chela Upper Bucomazi

Top of the Tertiary Upper Cretaceous

Tertiary Cretaceous Albian Evaporites Chela Upper Bucomazi

Tertiary Cretaceous Albian Evaporites Sag Synrift Carbonates

Tertiary Cretaceous Albian Evaporites Sag Synrift Carbonates

Tertiary Cretaceous Albian Evaporites Sag Synrift Carbonates

Tertiary Cretaceous Albian Evaporites Sag Synrift Carbonates

Tertiary Cretaceous Albian Evaporites Sag Synrift Carbonates

Tertiary Cretaceous Albian Evaporites Sag Synrift Carbonates

Since then, data has been acquired during well drilling on

Geophysicists: 2D, 3D, 4D seismic and magnetometry

Geological: Drilling reports, geological, petrophysical,

ONSHORE LOWER CONGO ONSHORE KWANZA BASIN

BLOCK KON 17 BLOCK KON 20

AVAILABLE FISICAL ATLAS

LOWER CONGO WELL DATA BLOCKS DESCRIPTION

GEOPHYSICAL DATA LEGAL INFORMATION

LOWER CONGO Nº. of Wells : 24

REQUES AGREEMENT PAYMENT DELIVER

the ' ‘Well Logs and Well Reports’' concerning to “

This LICENSE is made subject to the following conditions and understandings:

1. No part of this data may be shown and reproduced copied, photographed,

request; Description of the data to be purchased as Appendix 1.

FOLARIN NOUMOUKE KABA

ONSHORE LOWER CONGO

Occupies an area Blocks CON 1, Fauna and Flora

Occupies an area of Blocks KON 5, KON 6, Fauna e Flora

CONSTITUTION OF THE REPUBLIC OF

= Environmental Impact Executive Decree on Spill Occurrence Notification,

The strict compliance of it, allows

•The blocks of the terrestrial Kwanza (KON)

•In the first phase, the TPS should support 10

v Improvement and development of terminals / logistics

v Creation of infrastructure for the treatment of industrial

v Opportunities to invest in the transport, furniture, trade,

1. Public ownership of petroleum resources;

TAX TAX INCOME FEES

PETROLEU Applicable to exploration, development, production, storage,

CONTRIBUTIO Decree nº 17/09 de

Among other aspects, the Concession Decree defines:

1. Allocation of mining rights;

2. Definition and description of the concession area;

3. Duration of the concession and the different phases and periods;

5. Approval of the Production Sharing Agreement (if the National Concessionaire

2. Determines a list of goods exempt from taxation;

q Principles described in the United Nations Convention against Corruption, signed in

q GREATER DYNAMISM IN THE CONCESSION MANAGEMENT PROCESS;

Public Tender Presidential Decree

PRODUCTION SHARING CONTRACT

v Petroleum Income Tax (PIT)