Angola is showing a willingness to be fl exible in its fiscal terms and help leverage its available infrastructure to lure international energy majors to revisit their large offshore holdings. Angola, which saw output fall to just over 1.1 million barrels per day from 1.9 million b/d in 2008, has headed off an exodus threatened in 2017 by international oil companies (IOC) lamenting investment terms more suited to a drilling hotspot than a mature producer. The government, which enacted legislation in 2018 to encourage near-term exploration, short-cycle projects and natural gas is now trying to fi ne-tune terms to boost investment across the board and open up its frontier basins.
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