Angola: New petroleum concessions – Blocks 19, 32/21 and 33/24

Three (3) new petroleum concessions have been awarded under the following terms:

Block 19

Concession Decree: Presidential Decree 127/26, of 30 July 2026
Location: Offshore Kwanza basin
Operator: BG International Limited
Type of Contract: Risk Service Contract
Term: 5-year Exploration Period / 30-year Production Period for each Development Area from Declaration of Commercial Discovery
Fiscal & Economic Terms:

1. 10% Petroleum Production Tax (Royalty)
2. 35% Investment Premium on capex
3. Production Premium as follows:

Block 32/21

Concession Decree: Presidential Decree 128/26, of 30 July 2026
Location: Offshore Lower Congo basin
Operator: Total Energies EP Angola Block 32/21
Type of Contract: Risk Service Contract
Term: 5-year Exploration Period / 30-year Production Period for each Development Area from Declaration of Commercial Discovery
Fiscal & Economic Terms:

1. 10% Petroleum Production Tax (Royalty)
2. 30% Investment Premium on capex
3. Production Premium as follows:

Block 33/24

Concession Decree: Presidential Decree 129/26, of 30 July 2026
Location: Offshore Lower Congo basin
Operator: Chevron Block 33, Limited
Type of Contract: Risk Service Contract
Term: 5-year Exploration Period / 30-year Production Period for each Development from Declaration of Commercial Discovery
Fiscal & Economic Terms:

1. 10% Petroleum Production Tax (Royalty)
2. 30% Investment Premium on capex
3. Production Premium as follows: