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Thursday, May 31, 2018
Angola enacted some new rules and procedures applicable to state-run oil firm, Sonangol’s public tenders. Presidential Decree No. 86/18 of April 2, 2018 involves public tenders for (i) the selection of Sonangol EP associates; and (ii) the procurement of goods and services for petroleum operations.
The new statute repeals Decree No. 48/06, of 1 September 2006.
The procedure for procurement of goods and services for petroleum operations still varies, depending on the value of the contract to be awarded, but the relevant contractual thresholds have been significantly increased. Among other things, the new rules provide that oil operators will only be required to launch public tenders for the award of contracts of over $1,000,000 (or the equivalent amount in Kwanzas).
In addition, President João Lourenço approved the rules and procedures applicable to the abandonment of wells and decommissioning of oil and gas facilities in Angola, both onshore and offshore. The new rules and procedures were made official through Presidential Decree No. 91/18, of April 10.
The new statute regulates the following matters, among others: (i) the obligation to draw up provisional and definitive abandonment plans and requirements for the drafting and approval of those plans; (ii) the carrying out of inspections and audits by the authorities; (iii) provisioning, methodology and the estimation of abandonment costs; and (iv) technical specifications. Presidential Decree No. 91/18 entered into force on the date of its publication and applies to all petroleum concessions.
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