Presidential Decree No. 91/18, of 10.04, applies to the abandonment of wells and decommissioning of facilities used in oil operations that are carried out on land and at sea, under the terms established in the Petroleum Activities Law (Law no. 10/04 of 12.11).

This Presidential Decree does not apply to the decommissioning of facilities used for the activities of crude oil refining, transportation, logistics, distribution and sale of petroleum products.

The Contracting Entities must submit to Sonangol a planned abandonment plan, including the environmental impact study. This plan shall be carried out in accordance with the model provided for in the Presidential Decree.

The Presidential Decree also provided that before, during and after the execution of abandonment and decommissioning activities, inspections or audits of the facilities are carried out.

The Entities under contract must provide the necessary funds to carry out the well abandonment and decommissioning of facilities, with the estimated costs related to the schedule of activities included in the updated abandonment plan approved by Sonangol.

Any abandonment funds, already deposited by the Operators in an account other than a Guarantee Account, before the publication of this Diploma, must be transferred by Sonangol to a Guarantee Account.

The Guarantee Account must be established by the Operator and the National Concessionaire for this purpose and the funds must be transferred within 90 days from the date of opening of the Account.

In the case of abandonment funds already deposited in bank accounts in Angola other than the Guarantee Account, they must be transferred to the Guarantee Account established in Angola.

This Presidential Decree entered into force on April 10 but applies to all petroleum concessions, from the fiscal year following its entry into force.

In the national territory

Presidential Decree No. 91/18, of 10.04, applies to the abandonment of wells and dismantling of facilities used in oil operations that are carried out on land and at sea, under the terms established in the Petroleum Activities Law (Law no. 10/04 of 12.11).

This Presidential Decree does not apply to the dismantling of facilities used for the activities of crude oil refining, transportation, logistics, distribution and sale of petroleum products.

The Underwritten Entities must submit to Sonangol a planned abandonment plan, including the environmental impact study. This plan shall be carried out in accordance with the model provided for in the Presidential Decree.

The Presidential Decree also provided that before, during and after the execution of abandonment and decommissioning activities, inspections or audits of the facilities are carried out.

The Entities under contract must provide the necessary funds to carry out the well abandonment and decommissioning of facilities, with the estimated costs related to the schedule of activities included in the updated abandonment plan approved by Sonangol.

Any abandonment funds, already deposited by the Operators in an account other than a Escrow Account, before the publication of this Diploma, must be transferred by Sonangol to a Escrow Account.