Angola’s introduction of five marginal fields for investment is paving the way for smaller firms to achieve near-term production success. These fields, located in active blocks, include Kiame, 4_24, and Kiabo in Block 4; Malange, Lucapa, and Gabela in Block 14; and Xikomba, Mbulumbumba, Tchihumba, and Vicango in Block 15.
With competitive fiscal terms, including reduced royalties and tax regimes, these fields offer lucrative opportunities for investors. Highlights include a reduction in the Petroleum Production Tax from 20% to 10% and a halving of the Petroleum Income Tax to 25%, ensuring Angola remains a desirable destination for energy investment.
