Removes the ring-fencing principle around cost recovery by de-demarcating the existing Tombua-Landana (TL) Development Area to include Benguela-Belize-Lobito-Tomboco (BBLT) and Kuito Das.
Increases the production available for cost recovery of TL as BBLT and Kuito Cost Oil is forecasted to be at or below 50% in the near term.
Increases Cost Oil to a flat 62.5% upon publication of Executive Decree.
-Decreases Profit Oil (PO) take for Contractor Group to 20%.
Cost Oil to Increase to 72.5% upon completion of commitment (PO split to decrease to 10%/90% in favor of the government).
