Somalia Petroleum Law - SomaliTalk.com

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Somalia Petroleum Policy: Principle 4• Principle 4: Somalia's financial, legal andregulatory regime for petroleum should make itattractive to enterprises to explore, develop andproduce petroleum in Somalia, and provideinvestors with assurance of stability• Then, if Somalia's geology is sufficiently attractive,IOCs will explore
Somalia Petroleum Policy: Consequences of Principle 4• Somalia is entitled to compensation ("economic rent") for theexploitation of its resources• there are many financial tools that can be used to extract this rent• payments before discovery• signature bonuses, acreage-based rental payments, local benefits• payments after discovery• royalty, profit share, production bonuses, corporate taxes• generally, the more you ask for in payment before discovery, theless you can expect as payment after discovery• similarly, the timing of payments after discovery may varydepending on the timing and profitability of the discovery• aspects of risk sharing and income deferral are involved here;how much risk is Somalia willing to take? How long is Somaliawilling to wait to receive its share of revenues?• Somalia needs revenue now, so it should seek revenues frompetroleum exploration throughout the life of petroleum activities
Page 3: Somali Petroleum Law Team and Advis
Page 6 and 7: Somalia Petroleum Policy and Petrol
Page 8 and 9: Framework of a Petroleum RegimeCons
Page 10 and 11: Somalia Petroleum Policy: The Chart
Page 12 and 13: Somalia Petroleum Policy: Context
Page 14 and 15: Somalia Petroleum Policy: Context
Page 16 and 17: Somalia Petroleum Policy: Principle
Page 18 and 19: Somalia Petroleum Policy: Principle
Page 22 and 23: Somalia Petroleum Policy: Consequen
Page 24 and 25: Usage of Host Government Contract T
Page 30 and 31: Somalia Petroleum Policy: Additiona
Page 32 and 33: Somalia Petroleum Policy: Eleven Pr
Page 34 and 35: Agenda• Introduction of Somali Pe
Page 36 and 37: Draft Petroleum Law of Somalia• t
Page 42 and 43: Suggested Timetable re Petroleum La
Page 46 and 47: Draft Production Sharing Agreement
Page 50 and 51: Financial Features of PSA• AFTER
Page 52 and 53: Summary : Profit Oil Distribution i
Page 54 and 55: Financial Features of PSA• Draft
Page 60 and 61: Issues for Discussion with States
Page 64 and 65: Consequences of Puntland Contract o
Page 68 and 69: Conclusion• The Petroleum Law of

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