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Sudan Upstream Fiscal and Regulatory Report - New Bid Round Expected to be Opened in Q2 2018

Published By :

GlobalData

Published Date : Jan 2018

Category :

Power

No. of Pages : 17 Pages

Sudan Upstream Fiscal and Regulatory Report - New Bid Round Expected to be Opened in Q2 2018

Summary

Sudan Upstream Fiscal and Regulatory Report - New Bid Round Expected to be Opened in Q2 2018, presents the essential information relating to the terms which govern investment into Sudans 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 states take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Sudans upstream oil and gas investment climate.

Scope

- Overview of current fiscal terms governing upstream oil and gas operations in Sudan
- Assessment of the current fiscal regimes 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 Sudan

Reasons to buy

- Understand the complex regulations and contractual requirements applicable to Sudans upstream oil and gas sector
- Evaluate factors determining profit levels in the industry
- Identify potential regulatory issues facing investors in the countrys upstream sector
- Utilize considered insight on future trends to inform decision-making
1 Table of Contents
1 Table of Contents 1
1.1. List of Tables 2
1.2. List of Figures 2
2. Regime Overview 3
3. State Take Assessment 5
4. Key Fiscal Terms 6
4.1. Royalties, Bonuses and Fees 6
4.1.1. Bonuses 6
4.1.2. Rental Fees 7
4.1.3. Royalties (Introduced 2012) 7
4.2. Cost Recovery 7
4.2.1. Limit on Recovery 7
4.2.2. Recoverable Costs 8
4.2.3. Excess Cost Recovery 8
4.3. Profit Sharing 8
4.4. Taxation 10
4.5. Indirect Taxation 10
4.5.1. Value Added Tax 10
4.5.2. Customs Duties 10
4.6. State Participation 10
4.7. Fiscal Stability 10
5. Regulation and Licensing 11
5.1. Legal Framework 11
5.1.1. Governing Law 11
5.1.2. Contract Type 11
5.1.3. Title to Hydrocarbons 11
5.2. Institutional Framework 12
5.2.1. Licensing Authority 12
5.2.2. Regulatory Agency 12
5.2.3. National Oil Company 13
5.3. Licensing Process 13
5.4. License Terms 13
5.4.1. Duration and Relinquishments 13
5.4.2. Work Obligations 13
5.4.3. Management of Operations 14
5.5. Local Content 14
5.6. Domestic Market Obligation 14
6. Outlook 15
7. Appendix 16
7.1. Contact Us 16
7.2. Disclaimer 16

1.1 List of Tables
Table 1: Regime Overview 3
Table 2: Sudan, Bonuses, Blocks 8 & 15 6
Table 3: Sudan, Rental Fees (US$/km2), Blocks 8 & 15 7
Table 4: Sudan, Cost Recovery Limit (%), Various Contracts 7
Table 5: Sudan, Excess Cost Recovery Split (%), Various Contracts 8
Table 6: Sudan, Block 14 (2012) Profit Sharing Framework 8
Table 7: Sudan, Block 15 (2005) Profit Sharing Framework 9
Table 8: Sudan, Block 8 (2003) Profit Sharing Framework 9
Table 9: Sudan, Blocks 2A, 2B and 4 (1996) Profit Sharing Framework 9

1.2 List of Figures
Figure 1: Regime Flow Chart 4
Figure 2: Sudan, Indicative NPV10/boe, IRR and State Take Comparison, Regional 5
Figure 3: Sudan, Legal Framework 11
Figure 4: Sudan, Institutional Framework 12

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