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| EVENT BROCHURE Angola Oil & Gas 2020

ANGOLA’S OIL & GAS CONFERENCE

June 16-17, 2020Centro de Convenções de Talatona (CCTA)

ANGOLAOIL & GAS 2020CONFERENCE & EXHIBITION


EVENT BROCHURE |AFRICA OIL & POWER

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Angola Oil & Gas 2020 returns to Luanda under a yearlong campaign to promote and at-

tract foreign direct investment in one of Africa’s big-gest economies. “Angola: African Investment Cap-

ital 2020” capitalizes on the critical reforms passed by Angola President, H.E. President João Manuel Gonçalves Lourenço to bring attention to the investment opportunities that exist in Angola’s economy.

Endorsed by the Ministry of Mineral Resources and Petro-leum and in partnership with the African Energy Cham-ber, Angola Oil & Gas 2020 Conference & Exhibition serves as the focal point of an international investment drive aimed at bringing new deals to the table and signing up new en-trants in Angola’s oil and gas sector.

Capital inflows into bankable projects will be a primary objec-tive of the 2020 effort. Ongoing initiatives being promoted include the 2020 oil and gas licensing round, marginal oil-fields, gas monetization, the Sonangol Regeneration pro-gram and attractive projects across the value chain, including the international tender for the Soyo refinery and the ramp-up of Cabinda and Lobito refineries.

Surrounding the conference will be a yearlong global drive in multiple cities to present opportunities to a targeted audi-ence of relevant companies. Among the roadshow stops to promote investment will be CERAWeek in Houston, the Abu Dhabi International Petroleum Exhibition and the Africa Oil & Power Conference & Exhibition, September 15-17, 2020 in Cape Town, South Africa.

It’sBACK 2020

H.E. President João Manuel Gonçalves Lourenço


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OBJECTIVES

To attract new investment to Angola from new entrants to the market

To create global awareness of the reali-ty of doing business in Angola today

To communicate the priorities and out-look of the administration of President João Lourenço

To promote local content and private sector growth through international partnerships

To create a national platform for con-structive dialogue on natural resource management, investment and future potential initiatives for enhancing the productivity and sustainability of the current power matrix.

A NEWERA OF

GROWTHAND

PROSPERITY IN ANGOLA

THEME

DISCUSSIONPOINTS

Acquisition of licenses from the 2019 licensing round and continued exploration of offshore basins through 2020-2025

Evaluation of Sonangol’s Regeneration Program

Potential for gas-to-power projects to boost Angola’s gas availability for domestic use and export

Market entry and doing business in Angola

Opportunities down the value chain: refining, petrochemicals and storage

Strategies to increase production, potential onshore developments, offshore infrastructure tie-backs and satellite project development

Digitalization and technology in Angola’s energy industry

Formation of Angolan local content law and means of compliance

Revisions to Angola’s tax, legal and regulatory framework

Endorsed by

Partners

WHY ATTENDANGOLA OIL & GAS

The only oil and gas conference fully supported by the Government of An-gola, under the auspices of the Minis-try of Mineral Resources and Petroleum and the Angola National Agency of Oil, Gas, and Biofuels.

The best and biggest display of An-gola’s complete oil and gas supply chain, from government to exploration and production to services and technol-ogy to banking and finance.

The unrivaled platform for meeting the top policy, decision and deal makers in Angola’s petroleum industry.

The leading vehicle for promoting foreign direct investment in Angola’s oil and gas industry and originating new deals.

The largest showcase of Angola’s technical and technological expertise on a vast and dynamic exhibition floor.

the AGENDA

THE BEST, THE BIGGEST

UNRIVALED PLATFORM

LEADING VEHICLE

LARGEST SHOWCASE



OFFICIAL CONFERENCE




EXPLORINGANGOLA’S INVESTMENTOPPORTUNITIES In 2019, Angola will offer 10 oil and gas blocks for public auction and six blocks for direct negotiation, as part of its six-year licensing round strategy that ex-tends to 2025. With nine of the blocks located in the Namibe basin and one located in the Benguela ba-sin, the public auction is Angola's first in eight years, following pre-salt blocks made available in 2011.

In 2020, three blocks in the Lower Congo Basin and six blocks in the Kwanza Basin will be allocated for pub-lic tender. In 2021, eight blocks in the offshore shelf and deepwater Lower Con-go Basin will be allocated for concessions via Public Tender and/or Limited Pub-lic Tender. Onshore acre-age will be made available through Public Tender in 2023, including four blocks in the Congo Basin and eight blocks in the Kwanza Basin. Another Limited Pub-lic Tender will take place in 2025, with 10 pre-salt blocks offered in the deep-water Kwanza Basin.

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NAMIBEBASIN

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KON17

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PUBLIC BIDDING

DIRECT NEGOTIATION

55 blocks in Angola’s on- and offshore basins are available for bidding be-tween 2019-2025, representing sub-stantial opportunity for IOCs, NOCs and independents to enter frontier basins.

The Opportunity: With bids for the 2019 licensing round being appraised in November and contracts signed in April 2020, opportunities for investors to bid on available acreage will con-tinue for the next five years. 2020 will see the allocation of three blocks in the Lower Congo Basin and six blocks in the Kwanza Basin for public tender. In 2021, eight blocks in the offshore shelf and deepwater Lower Congo Basin will be allocated for concessions via Public Tender and/or Limited Public Tender. Onshore acreage will be made avail-able through Public Tender in 2023, in-cluding four blocks in the Congo Basin and eight blocks in the Kwanza Basin. Another Limited Public Tender will take place in 2025, with 10 pre-salt blocks offered in the deepwater Kwanza Basin, which has been shown to hold consid-erable quantities of gas.

The Terms: Petroleum concessions are to be awarded through three mecha-nisms: public bidding, limited public bidding and direct negotiation. Public tender is derived from Presidential De-cree 86/18 passed in April 2018, under which Sonangol is entitled to a 20 per-cent stake in research operations if it is not the operator of the block. Limited public bidding restricts bidding to a number of previously-selected com-panies, and applies to blocks and con-tract areas that have been returned to the government. Eligible bidders are selected from companies that have demonstrated knowledge, expertise and technical and technological com-petence operating in Angola. Under di-rect negotiation, successful companies must enter into a ‘service-at-risk’ con-tract, meaning that the company bears all exploration costs, and in return, re-covers costs through the sale of the oil or gas if exploration proves successful. These companies must also demon-strate relevant proven experience, ex-pertise, technical and technological ca-pabilities operating in Angola or other oil provinces.

SIX-YEAR LICENSINGSTRATEGY

| EVENT BROCHUREEVENT BROCHURE |AFRICA OIL & POWER Angola Oil & Gas 2020

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Sonangol is implementing its Regenera-tion Program which includes the divest-ment of 195 total assets between 2019 and 2022, enabling private investors to bid on shares through public tender, capital market offerings and stock auc-tions.

The Opportunity: In line with the National Development Program 2018-2022, Sonangol is implementing a parallel Privatization Pro-gram of its subsidiaries and joint ventures. The Privatization Program includes joint ventures and partnerships in a multitude of business segments, including oil and gas, telecommu-nications, banking, logistics, shipyards, tech-nical support, real estate and aviation, along with assets such as hotels, warehouses and day care centers. The timeframe of the program is contingent on size of the asset, the nature of its activities, quality of financial information, finan-cial results and cash flow, and business volume. The National Implementation Commission, along with the State Minister for Economic Co-ordination and relevant ministerial bodies, are coordinating the privatization of National Ref-erence Companies (NRCs). A technical group organized by the Secretary State of Finance and Treasury will provide support as a liaison between ministries, companies to be privat-ized and a negotiations commission under the Privatization Framework Law.

The Terms: The privatization will be conducted through open and limited public tender; capi-tal market offerings and initial public offerings (IPO); auctioning of blocks of share to pre-qual-ified investors (Stock Auction); or a combina-tion of these procedures, as outlined in Ango-la’s Privatizations Framework Law (Law 10/19). IPOs may be followed by a secondary public offering to help guarantee the improvement of the company’s financial performance under the privatization and the transfer of control to the private sector. Most of the privatizations in the first year of the program will be conducted through public tender, with 161 NRCs of 175 NRCs to be privatized through this method. 81 NRCs will be on offer through public tender in 2020, and capital markets privatization through IPOs and Stock Auctions will occur at a later stage. The complete process of divestment will include the identification and selection of companies to be sold, followed by business appraisal, identification of investor relations, preparation of the process of sale and receipt of tenders and negotiation and completion of the process, to be completed upon an impact evaluation and reduction of financing.

PRIVATIZATION OF ASSETS

Angola is developing its refining sector and reducing its reliance on and costs associated with imported fuel volumes, which currently make up 80 percent of its demand for refined petroleum prod-ucts.

The Opportunity: With current production meeting less than one-third of domestic oil consumption, Angola’s refining capacity re-mains severely underserved, representing a substantial opportunity for investors to add value to crude production in-country. In Au-gust, Angola’s Ministry of Mineral Resources and Petroleum (MIREMPET) announced the planned launch of an international public tender for the construction of a 110,000-bar-rel per day (bpd) refinery in Soyo. The gov-ernment has begun holding roadshows for construction companies and investors ahead of the launch, with the first presentation held in Luanda in October. The tender will select a company or joint venture to finance the construction of the plant under a Build-Op-erate-Transfer system, with the refinery ex-pected to begin operating by 2023. In ad-dition to the Soyo refinery, Angola expects refineries to be built in Cabinda and Lobito to meet domestic demand. Sonaref, a sub-sidiary of Sonangol, is currently in negotia-tions with a group of companies to establish a joint venture to operate the Lobito refinery, which is expected to be completed by the end of 2025 and carry an estimated capaci-ty of 200,000 bpd. Government is also in the process of refurbishing the Luanda Refinery, by adding a fluid catalytic cracker that will in-crease gasoline production to 1,200 metric tons, quadrupling current production. The unit is expected to come online mid-2021. The increase is expected to reduce the cur-rent market deficit on gasoline by 20 percent. The Luanda Refinery currently operates at 95 percent of its production capacity and is managed by Sonaref, a subsidiary of Sonan-gol.

The Terms: MIREMPET will shortly be com-municating the details of the presentation of the Soyo refinery project and the launch date of the invitation for tender, including the program, specifications and other tender documents. Public tenders for refineries are launched under Angola’s Public Procurement Law (Law No. 9/16), which applies to the es-tablishment and execution of public works contracts, leasing or acquisition of property and services by a public entity.

ANGOLA’S REFINING CAPACITY

| EVENT BROCHUREEVENT BROCHURE |AFRICA OIL & POWER Angola Oil & Gas 2020

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Previous SPEAKERS

2019 SP0NSORS DealsSIGNED

KINETICS TECHNOLOGY

NFE INTERNATIONAL,

ANPG AND EXXONMOBIL

SONANGOL AND ENI

UNITED SHINE AND SONANGOL E.P.

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Sonangol E.P. announced Kinetics Technology announced the winner of the construction contract for the Gasoline Produc-tion Unit of the Luanda Refinery

MoU between NFE International, the Ministry of Energy and Water Resources, the Ministry of Mineral Resources and Petroleum and the Ministry of Finance for the develop-ment of an LNG import and regasification terminal

Commitment Agreement between the National Agency of Oil, Gas and Biofuels (ANPG) and ExxonMobil on Block 15

Heads of Agreement between Sonangol and Eni establish-ing the jointly controlled company, Solenova Ltd, which will focus on the assessment and development of renewable energy production

Partnership Agreement between United Shine and Sonan-gol E.P. on the Gas Consortium agreement for the Cabin-da Refinery

Executive Sponsors

Premium Sponsors

Market Sponsors

Workshop Sponsor

Accomodation Partner Venue Partner Advertising & Media Partner Airline Partner

Partners

Exclusive Sponsor Elite Sponsors

AIDAC

H.E. João Manuel Gonçalves Lourenço President of the Republic of Angola and Holder of Executive Power H.E. Diamantino Azevedzo Minister of Mineral Resources and Petroleum of Angola H.E. Gabriel Mbaga Obiang Lima Minister of Mines and Hydrocarbons, Republic of Equatorial GuineaH.E. Osvaldo Abreu Minister of Public Works, Infrastructure, Natural Resources and the Environment, São Tomé and PríncipeH.E. Sun Xiansheng General Secretary, International Energy ForumH.E. José de Lima Massano, Governor, National Bank of Angola Eng. Sebastião Pai Querido Gaspar Martins CEO, Sonangol E.P. Eng. Paulino Jerónimo CEO, ANPG Eng. Manuel Albino Ferreira General Manager, Instituto Regulador dos Derivados de PetróleoPatrick PouyannéPresident & CEO, Total Roderick Larson President & CEO, OceaneeringAdo Oseragbaje VP Sub-Saharan Africa, BHGE Pam Darwin VP – Africa, ExxonMobil Hunter Farris Senior VP Upstream Oil & Gas Deepwater, ExxonMobil Guido Brusco Executive VP Sub-Saharan Africa, ENI Carri Lockhart Senior VP for Portfolio and Partner Operated Assets, Equinor Wale Ajibade Executive Director, Sahara Group




1700+Delegates

5Deals Signed

67Speakers

Sponsors& Exhibitors47

3 Daysof Networking, Exhibition and Conference

Countries Represented30

AOG 2019BY THE NUMBERS

whyANGOLA

AFRICAN PETROLEUM GIANT The continent’s second largest oil producer has hosted world-class oil discoveries and is ripe for resurgence on the back of offshore exploration opportunities that make 55 licenses available between 2019 and 2025. Significant offshore oil and gas discoveries in 2019 re-mind us of Angola’s potent offshore reserves.

RESTRUCTURED SECTORThe creation of a new agency responsible for licensing and the regeneration of national oil company Sonangol has streamlined the industry at highest level to create a business environment where Angola’s true petroleum potential can be realized.

SWEEPING REFORMSWithin 24 months of taking office, H.E. President João Lourenço introduced sweeping legislative reform in the oil and gas industry, specifically enacting five presiden-tial decrees aimed at streamlining investment in Ango-la’s dominant economic sector.

DIVERSE PROJECTSOffshore exploration, marginal fields, gas monetization, new and upgraded refineries, fuel logistics and LNG and LPG developments are part of the several projects spanning the supply chain.

| EVENT BROCHURE



| EVENT BROCHURE Angola Oil & Gas 2020EVENT BROCHURE |AFRICA OIL & POWER

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SPEAK ATTEND

how to GET INVOLVED

EXHIBIT PARTNER VIEW OUR CONTENT

SPONSOR

We offer a number of speaking oppor-tunities, including keynotes, presenta-tions, panel discussions, or moderator slots. Please contact our programming team for opportunities.

Book raw space on our exhibition floor or hire our expert team of designers and stand builders for customized or pre-designed stand solutions. Contact our commercial team to confirm your package.

Whether it’s the Angola Oil & Gas Con-ference & Exhibition, our networking functions or any of our roadshow visits, we invite you to contact our team to en-gage, connect and invest.

We partner with leading media and in-dustry and business associations. You can apply for partnerships that offer complimentary access to AOP confer-ences, distribute publications, partic-ipate as moderators on panel discus-sions and get exposure with branding on conference materials.

Our menu of sponsorship products presents a multitude of branding and VIP access opportunities, from owning an event function, to content and online promotion and media management, to a full-time relationship broker.

Check out www.africaoilandpower.com daily for Africa petroleum and power news, interviews and op-eds from the AOP community, plus analysis and in-sights from industry experts.

This is the launch event for the Equatorial Guinea 2020 Year of Investment campaign, whose goals are to attract investment into key industries in Equatorial Guinea, boost entrepreneurship, generate profit for investors and create jobs. Organized in partnership with the Ministry of Mines and Hydrocarbons of Equatorial Guinea and the African Energy Chamber, the event puts a spotlight on investment-ready projects spanning the value chain.

JUNE1, 2020MALABO, EQUATORIAL GUINEA

AFRICA OIL & INVESTMENT FORUM 2020

Now in its fourth edition, South Sudan Oil & Power has emerged as the leading in-vestment event for the country as it strives to increase capital investments in hydro-carbons, infrastructure, power generation and technology. The conferenceis organized under the auspices of the Ministry of Petroleum and the Ministry of Energy & Dams.

OCTOBER29-30, 2020JUBA, SOUTH SUDAN

SOUTH SUDANOIL & POWER 2020

Supported by the Government of Senegal, Cos-Petrogaz, Petrosen and Senelec, the conference will herald a new era of invest-ment in one of West Africa’s leading busi-ness destinations, on the back of world-class offshore oil and gas discoveries and several dynamic energy projects that have been put in motion. The conference will be a vehicle to promote the new deepwater licensing round and for public-private part-nerships spanning the value chain

MAY 27-28, 2020DAKAR, SENEGAL

SENEGAL OIL & POWER 2020

The Angola Oil & Gas Conference & Exhi-bition will return for a second year as the focal point of an international investment drive, aiming to bring new deals to the ta-ble and sign up new entrants in oil and gas. Surrounding the conference will be a year long global drive in multiple cities to pres-ent opportunities to a targeted audience of relevant companies.

JUNE 16-17, 2020LUANDA, ANGOLA

ANGOLA OIL & GAS 2020

Africa’s Energy Event returns for its fifth anniversary as a crucial platform for pro-moting investment in the energy industries of African countries. In 2020, we expand our format to welcome more countries, pavilions, strategic partners and delegates.

SEPTEMBER 15-17, 2020CAPE TOWN, SOUTH AFRICA

AFRICA OIL & POWER 2020

The Government of Equatorial Guinea pre-pares to announce new transactions and agreements emanating from the inaugural Africa Oil & Gas Investment Forum. Join Equatorial Guinea’s government, its entire energy industry and the energy finance community for two days of deal making.

NOVEMBER24-25, 2020MALABO, EQUATORIAL GUINEA

AFRICA ECONOMIC FORUM

UPCOMING2020 EVENTSCALENDAR

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