1.1 List of Tables 7
1.2 List of Figures 8
2 Angola Energy Sector 9
2.1 Angola Energy Sector, Market Overview 9
2.2 Angola Energy Sector, Natural Gas 9
2.2.1 Angola Natural Gas, Overview 9
2.2.2 Angola Natural Gas, Supply and Demand Balance 10
2.2.3 Angola Natural Gas Regulatory Structure 15
2.2.4 Angola Natural Gas, Infrastructure 15
3 Angola Gas Upstream Investment Environment Benchmarking 16
3.1 Introduction 16
3.2 The Overall Ranking 16
3.3 Upstream Fiscal Attractiveness 16
3.3.1 Maximum Government Take Index 18
3.3.2 Fiscal Flexibility 18
3.3.3 Maximum State Participation 18
3.3.4 Maximum Domestic Market Obligation 19
3.4 Gas Sector Performance 19
3.4.1 Exploration Activity 21
3.4.2 Gas Production 22
3.4.3 Gas Reserves 22
3.4.4 Gas Consumption 22
3.5 Economic Performance 23
3.5.1 GDP Growth Index 24
3.5.2 FDI Confidence Index 24
3.5.3 Balance of Trade Index 25
3.6 Socio-Political Performance 25
3.6.1 Democracy Index 26
3.6.2 Governance Index 26
4 Angola Exploration and Production Sector 27
4.1 Angola Exploration and Production Sector, Country Snapshot 27
4.1.1 Angola Exploration and Production Sector, Key Data 27
4.1.2 Angola Exploration and Production Sector, Natural Gas Assets Map 27
4.2 Angola Exploration and Production Sector, Marketed Natural Gas Production 28
4.2.1 Angola Exploration and Production Sector, Total Marketed Natural
Gas-Historical Production 28
4.2.2 Angola Exploration and Production Sector, Marketed Natural Gas-Historical
Production by Type 29
4.2.3 Angola Exploration and Production Sector, Marketed Natural Gas Production
by Assets 30
4.2.4 Angola Exploration and Production Sector, Marketed Equity Weighted Natural
Gas Production by Company 30
4.2.5 Angola Exploration and Production Sector, Market Share based on Marketed
Natural Gas Production 31
4.3 Angola Exploration and Production Sector, Marketed Natural Gas Forecasts 32
4.3.1 Angola Exploration and Production Sector, Marketed Natural Gas Forecasted
Production 32
4.4 Angola Exploration And Production Sector, Natural Gas Asset Details 33
4.4.1 Angola Exploration And Production Sector, Active Natural Gas Asset Details
33
4.4.2 Angola Exploration And Production Sector, Planned Natural Gas Asset
Details 33
4.5 Angola Exploration And Production Sector, Major Gas Discoveries 34
4.5.1 Angola Exploration And Production Sector, Number of Gas Discoveries,
2005-2010 34
4.5.2 Angola Exploration And Production Sector, Gas Discovery Details 34
4.6 Angola Exploration And Production Sector, Recent Discoveries 35
4.6.1 May 06, 2011: Total Discovers Hydrocarbons At Canna-1 Well In Block 17/06,
Angola 35
4.6.2 Nov 15, 2010: Lacula Oil Strikes Hydrocarbons At Castanha 3 ST-1 Appraisal
Well In Cabinda Onshore South Block, Angola 35
4.6.3 Oct 19, 2010: Eni, Sonangol Announce Oil Discovery At Mpungi-1 Well,
Offshore Angola 35
4.6.4 Sep 29, 2010: Statoil, Partners Announce Oil Discovery At Cabaça South
East-2 well In Block 15/06, Offshore Angola 36
4.7 Angola Exploration And Production Sector, Drilling and Production Updates 36
4.7.1 Jun 28, 2011: Cobalt Provides Update On West Africa And US Gulf Of Mexico
Drilling Programs 36
4.7.2 Jun 23, 2011: Total Expects Pazflor To Start Production In
September/October 2011 38
4.7.3 Jan 11, 2011: Roc Oil Announces Drilling Update 38
4.7.4 Oct 25, 2010: Eni Announces Appraisal And Testing Of Cabaça South East-2
Well In Block 15/06, Offshore Angola 39
4.7.5 Oct 14, 2010: Galp Energia Announces 37% Increase In Q3 2010 Production 39
5 Angola FPSO Industry 40
5.1 Angola FPSO Industry, FPSO Capacity Details by Vessel 40
5.2 Angola FPSO Industry, FPSO Vessel Specifications 40
6 Angola Pipeline Sector 41
6.1 Angola Pipeline Sector, Key Data 41
6.2 Angola Pipeline Sector, An Overview 41
6.3 Angola Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies 41
6.4 Angola Pipeline Sector, Natural Gas Pipelines 43
7 Angola LNG Sector 44
7.1 Angola LNG Sector, Key Data 44
7.2 Angola LNG Sector, Liquefaction 44
7.2.1 Angola LNG Sector, Liquefaction, Total Liquefaction Capacity 44
7.2.2 Angola LNG Sector, Liquefaction Capacity- Wise (MMTPA) Market Share By
Company 45
7.2.3 Angola LNG Sector, Liquefaction, Asset Wise Liquefaction Capacity 45
8 Profile of Sonangol E.P. 46
8.1 Sonangol E.P., Key Information 46
8.2 Sonangol E.P., Company Overview 46
8.3 Sonangol E.P., Business Description 46
8.3.1 Business Overview 46
8.4 Sonangol E.P., SWOT Analysis 47
8.4.1 Overview 47
8.4.2 Sonangol E.P. Strengths 48
8.4.3 Sonangol E.P. Weaknesses 49
8.4.4 Sonangol E.P. Opportunities 49
8.4.5 Sonangol E.P. Threats 50
9 Profile of TOTAL S.A. 51
9.1 TOTAL S.A, Key Information 51
9.2 TOTAL S.A, Company Overview 51
9.3 TOTAL S.A, Business Description 51
9.3.1 Business Overview 51
9.3.2 Chemicals 52
9.3.3 Downstream 52
9.3.4 Upstream 53
9.4 TOTAL S.A, SWOT Analysis 55
9.4.1 Overview 55
9.4.2 TOTAL S.A. Strengths 56
9.4.3 TOTAL S.A. Weaknesses 57
9.4.4 TOTAL S.A. Opportunities 58
9.4.5 TOTAL S.A. Threats 59
10 Profile of Exxon Mobil Corporation 60
10.1 Exxon Mobil Corporation, Key Information 60
10.2 Exxon Mobil Corporation, Company Overview 60
10.3 Exxon Mobil Corporation, Business Description 60
10.3.1 Business Overview 60
10.3.2 Chemical 61
10.3.3 Downstream 61
10.3.4 Upstream 62
10.4 Exxon Mobil Corporation, SWOT Analysis 63
10.4.1 Overview 63
10.4.2 Exxon Mobil Corporation Strengths 64
10.4.3 Exxon Mobil Corporation Weaknesses 66
10.4.4 Exxon Mobil Corporation Opportunities 67
10.4.5 Exxon Mobil Corporation Threats 68
11 Financial Deals Landscape 70
11.1 Detailed Deal Summary 70
11.1.1 Acquisition 70
11.1.2 Equity Offerings 71
11.1.3 Asset Transactions 73
12 Recent Developments 81
12.1 License Rounds 81
12.1.1 Sep 03, 2010: Angola To Launch Offshore Oil Bidding Round In 2011 81
12.2 License Awards 81
12.2.1 Jan 26, 2011: Statoil Secures Oil Rights In Pre-Salt Ultra-Deepwater
Blocks, Offshore Angola 81
12.2.2 Jan 26, 2011: Eni Secures Operatorship Of Block 35 In Deepwater Offshore
Angola 82
12.2.3 Jan 25, 2011: ConocoPhillips Secures Two Exploration Blocks Offshore
Angola 82
12.3 Other Significant Developments 82
12.3.1 May 09, 2011: Fairmount Marine Delivers FPSO Pazflor To Angola 82
12.3.2 Feb 25, 2011: BP To Shut Greater Plutonio Oil Field In Angola 83
12.3.3 Nov 01, 2010: India, Angola To Cooperate In Oil And Gas Sector 83
12.3.4 Sep 24, 2010: Angola Produces 1.9 Mbopd Of Oil, Exceeds OPEC Quota 83
12.3.5 Sep 22, 2010: Seadrills West Gemini Commences Operations For Total In
Angola 84
12.4 New Contracts Announcements 84
12.4.1 Apr 15, 2011: SBM Offshore Signs LoI With Eni For New Lease Contract For
FPSO Xikomba 84
12.4.2 Apr 05, 2011: Bardex Receives Contract From DSME For CLOV FPSO Mooring
System Equipment 84
13 Appendix 85
13.1 Abbreviations 85
13.2 Methodology 85
13.2.1 Coverage 85
13.2.2 Secondary Research 86
13.2.3 Primary Research 86
13.2.4 Expert Panel Validation 86
13.3 Contact Us 87
13.4 Disclaimer 87
1.1 List of Tables
Table 1: Angola, Historic and Forecast Production and Consumption of Natural
Gas, Billion Cubic Feet, 2000-2020 10
Table 2: Angola, Historic and Forecast Exports of Natural Gas, Billion Cubic
Feet, 2000-2020 12
Table 3: Angola, Historic Reserves of Natural Gas, Billion Cubic Feet, 2000-2010
14
Table 4: West Africa, Investment Benchmarking, Overall Country Rankings, Aug
2011 16
Table 5: West Africa, Investment Benchmarking, Upstream Fiscal Attractiveness,
Aug 2011 17
Table 6: West Africa, Investment Benchmarking, Gas Sector Performance, Aug 2011
19
Table 7: West Africa, Investment Benchmarking, Economic Performance, Aug 2011 23
Table 8: West Africa, Country Standings, Economic Performance, Aug 2011 23
Table 9: West Africa, Investment Benchmarking, Socio-Political Performance, Aug
2011 25
Table 10: West Africa, Country Standings, Socio-Political Performance, Aug 2011
25
Table 11: Angola, Natural Gas Key Statistics, 2010 27
Table 12: Angola, Total Marketed Natural Gas Production (MMcf), 2003-2010 28
Table 13: Angola, Marketed Natural Gas Production by Type (MMcf), 2003-2010 29
Table 14: Angola, Marketed Natural Gas Production by Assets (MMcf), 2003-2010 30
Table 15: Angola, Marketed Equity Weighted Natural Gas Production by Company (MMcf),
2003-2010 30
Table 16: Angola, Market Share (%) by Company based on Marketed Natural Gas
Production, 2003-2010 31
Table 17: Angola, Marketed Natural Gas Production Forecast by Assets (MMcf),
2011-2015 32
Table 18: Angola, Active Gas Field Asset Details 33
Table 19: Angola, Planned Gas Field Assets Details 33
Table 20: Angola, Number of Gas Discoveries, 2005-2010 34
Table 21: Angola, Gas Discovery Details, 2005-2010 34
Table 22: Angola FPSO Industry, FPSO Gas Production Capacities, Aug 2011 40
Table 23: Angola FPSO Industry, FPSO Vessel Specifications, Aug 2011 40
Table 24: Angola, Pipeline Key Statistics, Aug 2011 41
Table 25: Angola, Natural Gas Pipeline Length by Company (Km), Aug 2011 41
Table 26: Angola, Natural Gas Pipelines, Aug 2011 43
Table 27: Angola, Total Liquefaction Capacity (Million Tonnes), 2000-2015 44
Table 28: Angola, Liquefaction Capacity by Company (Million Tonnes), 2000-2015
45
Table 29: Angola, Liquefaction Capacity (Million Tonnes), 2000-2015 45
Table 30: Sonangol E.P., Key Facts 46
Table 31: Sonangol E.P., SWOT Analysis 48
Table 32: TOTAL S.A., Key Facts 51
Table 33: TOTAL S.A., SWOT Analysis 55
Table 34: Exxon Mobil Corporation, Key Facts 60
Table 35: Exxon Mobil Corporation, SWOT Analysis 64
Table 36: Sinopec To Acquire 55% Stake In Sonangol Sinopec International 70
Table 37: Roc Oil Company Completes Private Placement Of $55 Million 71
Table 38: Pluspetrol Angola To Acquire 10% Interest In Cabinda Onshore South
Block 73
Table 39: ConocoPhillips Plans To Acquire Shale And Deep-Water Assets 74
Table 40: Maersk Oil To Acquire 15% Interest In Block 16, Angola From Devon
Energy 75
Table 41: ONGC Videsh Plans To Acquire 25% Stake In Block 31 In Angola From
Exxon Mobil 76
Table 42: Lacula Oil Company Agrees To Farm-Out 5% Interest In Cabinda Onshore
South Block To Cuba Petroleo 77
Table 43: Marathon Sells Its 20% Working Interest In Angola Block 32 To Sonangol
78
Table 44: Petropars Receives An Approval To Acquire 10% Interest In Cabinda
North License From InterOil Exploration and Production 79
Table 45: Roc Oil Farms-Out 45% Interest In Its Cabinda Onshore South Block In
Angola 80
1.2 List of Figures
Figure 1: Angola, Energy Consumption Split By Fuel Type (%), 2010 9
Figure 2: Angola, Natural Gas Production And Consumption, Billion Cubic Feet,
2000-2020 11
Figure 3: Angola, Historic and Forecast Exports of Natural Gas, Billion Cubic
Feet, 2000-2020 13
Figure 4: Angola, Natural Gas Reserves, Billion Cubic Feet, 2000-2010 15
Figure 5: West Africa, Country Standings, Upstream Fiscal Attractiveness, Aug
2011 17
Figure 6: West Africa, Country Standings, Gas Sector Performance, by
Reserves-Exploration & Production, Aug 2011 20
Figure 7: West Africa, Country Standings, Gas Sector Performance, by Production
& Consumption, Aug 2011 21
Figure 8: West Africa, Country Standings, Number of Exploration Blocks Awarded,
Aug 2011 22
Figure 9: West Africa, Country Standings, Economic Performance, Aug 2011 24
Figure 10: West Africa, Country Standings, Socio-Political Performance, Aug 2011
26
Figure 11: Angola, Natural Gas Assets Map, Aug 2011 27
Figure 12: Angola, Total Marketed Natural Gas Production (MMcf), 2003-2010 28
Figure 13: Angola, Marketed Natural Gas Production by Type (MMcf), 2003-2010 29
Figure 14: Angola, Marketed Equity Weighted Natural Gas Production by Company (MMcf),
2003-2010 31
Figure 15: Angola, Market Share (%) by Company based on Marketed Natural Gas
Production, 2010 32
Figure 16: Angola, Number of Gas Discoveries, 2005-2010 34
Figure 17: Angola, Natural Gas Pipeline Length by Company (Km), Aug 2011 42
Figure 18: Angola, Total Liquefaction Capacity (Million Tonnes), 2000-2015 44
Companies Mentioned
Sonangol E.P.
TOTAL S.A.
Exxon Mobil Corporation
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