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

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 Sudan’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 Sudan’s 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 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 Sudan
Reasons to buy
  • Understand the complex regulations and contractual requirements applicable to Sudan’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


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