On 23 December 2019, the government published 5 decrees which provide for tax incentives to Block 1/14, Block 30, Block 44, Block 45 and Block Cabinda Centro. All the blocks fall under Risk Service Agreements (RSC).  The incentive applied are as follows:   Eni operates the block with a 35% interest, Equinor holds a 30% stake, Sonangol P&P holds a 25% interest and ACREP holds a 10% stake.    Block 1/14 (Presidential Decree 361/19) â Production premium between 70 and 82% based on Internal Rate or Return (IRR), Investment Premium of 20% for CAPEX and Royalty 10%.   To be operated by Exxon once the RSC is signed Exxon is expected to hold a 60% interest and Sonangol will hold the remainder carried through the exploration period    Block 30 (Presidential Decree 357/19) - Production premium between 70% and 82% based on Internal Rate or Return (IRR), Investment Premium of 40% for CAPEX and Royalty 10%.     Block 44 (Presidential Decree 360/19) - Production premium between 70%and 82% based on Internal Rate or Return (IRR), Investment Premium of 40% for CAPEX and Royalty 10%.     Block 45 (Presidential Decree 359/19) - Production premium between 70% and 82% based on Internal Rate or Return (IRR), Investment Premium of 40% for CAPEX and Royalty 10%.   Eni operates the block with a 42.5% interest, Exxon Mobil holds a 32.5% interest, Sonangol holds the remining 25% interest.     Block Cabinda Centro (Presidential Decree 358/19) - Production premium between 50% and 82% based on Internal Rate or Return (IRR), Investment Premium of 30% for CAPEX and Royalty 10%.
Angola, Cabinda Centro