Senegal Upstream Fiscal and Regulatory Guide
Summary
Senegal offers production sharing agreements for upstream petroleum operations. The country has made a significant update to its previous framework with the introduction of a new petroleum code and local content regulations in early 2019. The updated regime increases the fiscal burden for new investments, reflecting the country’s recent exploration success. Following the introduction of the new legislation, a licencing round will be officially announced on January 31, 2020. Recent discoveries have generated significant interest in the country's upstream sector, though this round will be the first test of the attractiveness of the new terms.
“Senegal Upstream Fiscal and Regulatory Guide”, presents the essential information relating to the terms which govern investment into Senegal’s upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state’s take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Senegal’s upstream oil and gas investment climate.
Scope
Reasons to buy
Summary
Senegal offers production sharing agreements for upstream petroleum operations. The country has made a significant update to its previous framework with the introduction of a new petroleum code and local content regulations in early 2019. The updated regime increases the fiscal burden for new investments, reflecting the country’s recent exploration success. Following the introduction of the new legislation, a licencing round will be officially announced on January 31, 2020. Recent discoveries have generated significant interest in the country's upstream sector, though this round will be the first test of the attractiveness of the new terms.
“Senegal Upstream Fiscal and Regulatory Guide”, presents the essential information relating to the terms which govern investment into Senegal’s upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state’s take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Senegal’s upstream oil and gas investment climate.
Scope
- Overview of current fiscal terms governing upstream oil and gas operations in Senegal
- Assessment of the current fiscal regime’s state take and attractiveness to investors
- Charts illustrating the regime structure, and legal and institutional frameworks
- Detail on legal framework and governing bodies administering the industry
- Levels of upfront payments and taxation applicable to oil and gas production
- Information on application of fiscal and regulatory terms to specific licenses
- Outlook on future of fiscal and regulatory terms in Senegal
Reasons to buy
- Understand the complex regulations and contractual requirements applicable to Senegal’s upstream oil and gas sector
- Evaluate factors determining profit levels in the industry
- Identify potential regulatory issues facing investors in the country’s upstream sector
- Utilize considered insight on future trends to inform decision-making
Table of Contents
1. Executive Summary
2. Key Terms - Production Sharing Agreements
3. Regulation and Licensing
4. Appendix
List of Tables
List of Figures
