South Africa Upstream Fiscal and Regulatory Report – Pending Legislation Creates Regulatory Uncertainty
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South Africa awards exploration and production licenses under a royalty and tax regime. The government has reverted to the original version of the Mineral and Petroleum Resources Development Act, withdrawing the long-awaited amendment bill. Instead, South Africa is seeking to separate the upstream hydrocarbon legislation from the mining legislation. A temporary moratorium has been placed on new applications until this legislation is defined. The pending legislation changes create uncertainty in the short-to-medium term. The award of shale gas applications also remains delayed as public consultations are revisited following increased public and lobby-group pressure. For future acreage awards, the government is planning to implement a competitive licensing round process. Previously the country held an open door policy.
“South Africa Upstream Fiscal and Regulatory Report – Pending Legislation Creates Regulatory Uncertainty”, presents the essential information relating to the terms which govern investment into South Africa’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 South Africa’s upstream oil and gas investment climate.
Scope
Overview of current fiscal terms governing upstream oil and gas operations in South Africa
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 South Africa
Reasons to Buy
Understand the complex regulations and contractual requirements applicable to South Africa’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
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