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ARTICLE · 27 NOVEMBER 2024

Angola Incremental Production Decree And Other Ongoing Developments

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On November 20, 2024, Angola enacted Presidential Decree 8/24 on Oil & Gas Incremental Production ("Incremental Production Decree"). This legal statute creates a new special legal and tax

AngolaEnergy and Natural Resources
Gonçalo Falcão
Gonçalo Falcão
Norman Nadorff
Norman Nadorff
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On November 20, 2024, Angola enacted Presidential Decree 8/24 on Oil & Gas Incremental Production ("Incremental Production Decree"). This legal statute creates a new special legal and tax framework aimed to promote additional investments on (i) Offshore Mature Blocks and (ii) Offshore Undeveloped Areas. The framework reflects Angola's attempt to increase oil and gas exploration activities to boost production (which has declined since its peak).

Incremental Production Decree Details

An Offshore Mature Block is one where at least 50% of its development areas are classified as "mature." An Offshore Undeveloped Area is one where a new development area may be created within a production block.

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