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Oil & Gas in Africa : A Legal and Commercial Analysis of the Upstream Industry

Oil & Gas in Africa : A Legal and Commercial Analysis of the Upstream Industry

Author: Marc Hammerson; John LaMaster
Publisher: Globe Law and Business
ISBN: 9781909416680
Published In: May 2015
Format: Hardback , 244 pages
Jurisdiction: Africa ? Disclaimer:
Countri(es) stated herein are used as reference only

New Edition is available now !

Description
Contents
Author

Details

Although there has long been oil and gas activity in Africa, there has been a recent renewal of interest in the continent – particularly in jurisdictions without existing production. Countries with established industries continue to mature, develop and indigenise. However, many problems (eg, security concerns, corruption, political risk and environmental issues) constrain production levels and have resulted in acquisition and disposal activity as companies rebalance their portfolios to reflect these risks.

Beyond these established players, the pool of African producing nations is expanding and the next few years will see countries with no or limited production becoming an important source of global supply. Much of this new activity is taking place in East Africa – particularly oil production in the north (Kenya and Uganda) and liquefied natural gas (LNG) and gas projects in the south (Tanzania and Mozambique). Infrastructure, legislation and contractual and fiscal terms are being put in place in these developing countries in anticipation of production starting before the end of the decade. Other countries such as Namibia and Somalia are exploring for their first significant discoveries.

As an oil and gas province, Africa is clearly a region of growing importance. This book discusses the opportunities and challenges. Chapters describe the production sharing contract (PSC) and economic terms governing regional exploration and production activity. Although PSCs are not an exclusive host government instrument, they are of growing importance for countries looking for greater control over, and societal benefits from, petroleum production. The book also covers financing, M&A, valuation, local content, state participation, security and decommissioning issues in an African context. Additional chapters deal with OHADA – an attempt to harmonise business laws across 17 countries in West and Central Africa – and natural gas and LNG projects.

The book has been authored by leading industry participants, petroleum consultants, lawyers and security advisers with experience of working in Africa. It will benefit other industry participants and advisers pursuing oil and gas opportunities across the continent.

Table of contents

Preface

General Jones

Foreword

Upstream petroleum agreements in Africa

Local content

Comparative economic and fiscal analysis

Oil & gas mergers and acquisitions in Africa

State participation and local participation in oil and gas in Africa

Chasing shadows: security of oil and gas projects in Africa

Anti-corruption initiatives

Financing of oil & gas operations in Africa

The growing and evolving role of national oil companies

Dispute resolution involving oil & gas assets in Africa

Decomissioning in Africa

Index

About the authors

Consulting editors: Marc Hammerson and John C LaMaster, Akin Gump Strauss Hauer & Feld LLP

Contributing firm	Author(s)

England
Akin Gump Strauss Hauer & Feld LLP	Caroline-Lucy Moran
	John C LaMaster
	Marc Hammerson
Bracewell & Giuliani (UK) LLP	Adam Blythe
Chadbourne & Parke	Kevin Atkins
Chariot Oil & Gas Ltd	Alex Green
	Larry Bottomley
DLA Piper UK LLP	Ben Donovan
Morgan Lewis & Bockius LLP	Bruce Johnston
Vinson & Elkins LLP	Mark Beeley
France
Morgan Lewis & Bockius LLP	Allison Soilihi
	Olivier Chambord
Nigeria
Aluko & Oyebode	Olubunmi Fayokun
Norway
Advokatfirmaet Simonsen Vogt Wiig	Bjørn-Erik Leerberg
USA
Akin Gump Strauss Hauer & Feld LLP	Jaelyn M Judelson
	Nnedinma C Ifudu Nweke
	Sarah Ann Banco
	Tamer A Soliman
Moyes & Co	Christopher RK Moore