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Presidential Decree No. 55/19 granting to the National Concessionaire the mining rights for the prospection, research development and production of liquid and gaseous hydrocarbons within the area of Block 45.

Country/Territory
Angola
Document type
Regulation
Date
2019
Source
FAO, FAOLEX
Original source
Diário da República, I Série, No. 22.
Subject
Energy, Mineral resources
Keyword
Mining Environmental planning Research Concession Legal proceedings/administrative proceedings Oil Natural gas Policy/planning Exploration Zoning
Geographical area
Africa, Central Africa, Least Developed Countries, South Atlantic
Entry into force notes
This Presidential Decree enters into force on the day of its publication.
Abstract

This Presidential Decree, consisting of 6 articles completed by two Annexes, grants to the National Concessionaire the mining rights for the mining prospection, research development and production of liquid and gaseous hydrocarbons within the area of Block 45, based on Article 44 of Law No. 10/04 of 12 November on Petroleum Activities. The concession area is specified in Annex A and geographical coordinates are mapped in Annex B. In the event of any discrepancy between the two annexes, the concession area that is made in Annex A prevails. The duration for the concession periods is as follows: a) Research Period of 6 years, from the effective date of the Service Contract with Risk; b) Production Period of 20 years for each development area, from the date of the declaration of the respective commercial discovery.

Full text
Portuguese
Website
www.legis-palop.org

References - Legislation

Implements

Law No. 10/04 regulating Petroleum Activities.

Legislation | Angola | 2004

Keyword: Oil, Basic legislation, Concession, Inspection

Source: FAO, FAOLEX