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Senegal Upstream Fiscal & Regulatory Guide, 2020 - The Report also Analyses Future Trends for Senegal’s Upstream Oil & Gas Investment Climate - ResearchAndMarkets.com

February 6, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Feb 6, 2020--

The “Senegal Upstream Fiscal and Regulatory Guide” report has been added to ResearchAndMarkets.com’s offering.

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.

Scope

Reasons to buy

Key Topics Covered:

1. Executive Summary

1.1. Regime Overview - Production Sharing Agreement

1.2. Timeline

1.3. State Take Assessment

2. Key Terms - Production Sharing Agreements

2.1. Bonuses and Fees

2.1.1. Signature Bonus

2.1.2. Production Bonus

2.1.3. Surface Fees

2.1.4. Education Fees

2.1.5. Training and Support Contributions

2.1.6. Royalty

2.2. Cost Recovery

2.2.1. Limit on Recovery

2.2.2. Recoverable Costs

2.3. Profit Sharing

2.4. Abandonment Fund

2.5. Natural Gas

2.6. Direct Taxation

2.6.1. Corporate Income Tax

2.6.2. Deductions and Depreciation

2.7. Indirect Taxation

2.7.1. Customs Duties

2.7.2. Value Added Tax (VAT)

2.8. State Participation

2.9. Domestic Market Obligation

2.10. License Terms

2.10.1. Duration and Relinquishments

2.10.2. Work Obligation

2.11. Fiscal Stabilization

3. Regulation and Licensing

3.1. Legal Framework

3.1.1. Governing Law

3.1.2. Contract Type

3.1.3. Title to Hydrocarbons

3.2. Institutional Framework

3.2.1. Licensing Authority

3.2.2. Regulatory Agency

3.2.3. National Oil Company

3.3. Licensing Process

3.4. Local Content

For more information about this report visit https://www.researchandmarkets.com/r/w1y7eq

View source version on businesswire.com:https://www.businesswire.com/news/home/20200206005459/en/

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KEYWORD: AFRICA SENEGAL

INDUSTRY KEYWORD: OIL/GAS ENERGY

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 02/06/2020 06:44 AM/DISC: 02/06/2020 06:44 AM

http://www.businesswire.com/news/home/20200206005459/en