Somalia Petroleum Law - SomaliTalk.com

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Suggested Timetable re Petroleum Law• June 12• Delivery of Petroleum Law to Prime Minister• June 15- 20• Translation of Petroleum Law to Somali• June 21- 25• Council of Ministers review of Petroleum Law• Printing of Petroleum Law Bill• June 26- July 10• Transitional Federal Parliament review of Petroleum LawBill• July 15- July 25• TFG President assent• Petroleum Law comes into force on July 25
Suggested Timetable re Petroleum Activities• June 12- August 15• completion of model Production Sharing Agreement, SurfaceAuthorisation, Reconnaissance Authorisation• preparation of shareholder agreement and bylaws of SomaliaPetroleum Corporation• preparation of relevant Regulations under Petroleum Law• August 31• MedcoEnergi and Kuwait Energy to acquire 49% of SomaliaPetroleum Corporation• Minister of Petroleum to approve three directors to SomaliaPetroleum Corporation (2 from Medco, 1 from KE) out of a total ofseven• September 15• Minister of Petroleum to send letter to selected priorconcessionaires• followup on negotiation with prior concessionaires by Ministry ofPetroleum team
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 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 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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