Legal Aspect
Management
Application of rights
Headquarters and Representation.
Created on June 6, 1976, by the licence signed by the President, Antonio Agostinho Neto the following year (February 25) and of Angolan nationality, Sonangol is in fact considered to be a unique exploration concession, sole or in association with foreign partners, of liquid and gas carbohydrate underground reserves on the continental platform of the country.Sonangol has its headquarters in Luanda, at Rua do 1. Congresso do MPLA, n.8-16, and by decision of the Administration Council, it has the power to establish branches, agencies, delegations or any other kind of national representation.
see graph
 Social Goal |
 Complementary Activities |
1. Sonangol's main social goals are prospecting, research, development, production, transportation, commercialisation, refining and transformation of liquid and gas carbohydrates and its derives, as well as petrochemical activities.
2. Sonangol is also directly or indirectly involved in complementary or extra activities to its social objective or any other industrial or commercial activities, by decision of the Administration Council.
| Participation |
| Association and Integration |
1. By its social activity, Sonangol has the right to establish new firms and acquire all or part of the capital of the firms established or to be established as long as it detains all or a majority of the voting capital of such companies, establish the coordination, economic and financial administration and business development.2. In terms of the legislation, Sonangol has the right to establish national and/or foreign entities, as associations and co operations which enables its social objective to be fulfilled.3. By its constitution of companies and associations, Sonangol will observe its principles of specialty and vertical integration, enabling these established companies to maintain their legal aspects.
WorkforceSonangol has a workforce of 6,500 workers distributed in the different activities of Upstream, Downstream, Aviation (Sonair) and Maritime Transportation (Sonaship).PORTFOLIOSonangol's Portfolio is composed of:
1. Upstream
"Production operated by foreign consortiums
("JV" and PSA's Associations)"
National operating firm (Sonangol Research and Production)
2. Downstream
(Distribution and Comercialisation of derives - Sonangol Distribuidora)
3. No Core Buisiness
Sonair - Air Transportation
Sonaship - Sea Transportation
Mercury - Telecommunications
Associations "JV"
Financial Participations
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| SONANGOL P&P |
P&P is a subsidiary of Sonangol E.P., created by the Permanent Commission of the Council of Ministers from the December 6 resolution 4/91. The main social objective or activities are prospecting, research, development and the production of carbohydrates.
The creation of Sonangol Pesquisa & Producao S.A.R.L., results, on the one hand, from the materialisation of some of Sonangol P&P's social objectives, and on the other hand, from the successes and results of its oil activities in Angola which have lead to the adoption of a decentralisation policy.Today the company is a concession of Bloco 5 (in partnership with Norsk Hydro, Amoco and Nir Israel).
Being in deep waters the future of Angola in terms of oil reserves, P&P acquired 20% of Sonangol E.P.'s participation in the blocks 14, 19, 21, 22 and 24, and 25% in block 25.
The same procedure was followed for the "ultra-deep", where P&P associated with Norsk Hydro in order to operate Block 34 through the SONAP subsidiary.
| CHALLENGES OF THE NEW MILLENIUM |
| SONANGOL DISTRIBUIDORA |
Sonangol Distribuidora is responsible for the distribution of stocks, fuel commercialisation and production of lubricants. There are 5 regional markets in the country for the commercialisation of its products: North (Luanda, Bengo, Cabinda, Zaire, Uije, and North K.), South (Hula, Namibe and Cunene), North east (Malanje, Moxico, Luanda North and Luanda South, West (Benguela and South K.) and Center East (Huambo, Bie and Kuando Kubango).
Modern and dynamic, this company is getting ready to meet the challenges of the new millennium -namely the exposure to international competition resulting from the market opening. Added to that, Sonangol Distribuidora will acquire in-depth knowledge of the market, its needs and demands, specialisation of commercial segments and of its human resources with staff specialised in high tech and advanced management.
"For companies, the only constant factor is change" - Sonangol Distribuidora is currently going through an important restructuration process, necessary for its activities in an economy which runs by the rules of competition. That is why the company continues to prepare and train its staff - in order to meet the needs of an activity, which is fundamental for the development of Angola.
It started as a Division of Holding, responsible for the support of the oil industry. From a status of Division it passed to a status of Direction, the first step towards autonomy. Today, it has become SONAIR S.A.R.L.. In 1999, both versions, fix and mobile wings, transported more than 130,000 passengers. The fleet is composed of 3 Boeing 727; 3 Beetchcraft B 200; 2 Beetchcraft B 350; 1 Fokker 27; 2 Fokker 50; 1 Falcon 20; 4 Twin Otter; 4 Dauphin N2; 3 Sikorsky and 1 Douphin N.
Apart from transporting passengers, SONAIR also assists in off shore operations, loading and distribution of fuel in the country.
It will soon become an international company. There have recently been negotiations for a Luanda-Houston connection; with stop at Ilha do Sal, the Island of Sal, in Cape Verde. |
