About the Summit

Evaluating the Capacity of Africa's Oil and Gas Regimes to Maximize Exploration Opportunities and
Mitigate Investment Risks

This Summit comes at an exciting time for Africa's oil and gas industry as it continues its stride to become a global oil and gas powerhouse, despite a challenging backdrop of declining oil prices. Africa supplies approximately 11% and 7% to the global oil and gas demand respectively, and contains 10% of the world's proven oil and gas reserves. Additionally, it has 15.7% shale gas potential and approximately 2,200 unexplored/unlicensed blocks. On average, a new deal is struck every four days with a total deal value of USD 19.4 billion in recent years and potential industry investment with foreign direct interest of USD 30 billion per annum.

Massive discoveries have been made around the continent in countries such as Mozambique and Tanzania. Nigeria continues to be a sleeping giant waiting to realize its full potential, with others such as Angola aiming to displace it as Africa's number one producer, and the rest of Africa showing promising infrastructure and regulatory developments. Gleaming opportunities await sparking intense investor interest in the continent, as evidenced by 500 oil companies participating in Africa's oil and gas exploration activities alone.

In order to mitigate the risks and address the opportunities brought by large scale exploration and production activities, various countries such as South Africa, Tanzania and Mozambique are planning and implementing changes to their oil and gas regulations.

Join us at the Africa Oil & Gas Legal Summit where the top and most respected legal counsels and experts - each carefully handpicked for their authority and accolades - will gather over two power-packed days to provide you with critical updates and expert analysis of the continent's dynamic oil and gas legalities. Experts will dissect the current scenario and arm you with the tools to deal with the myriad of issues facing the industry, from lease terminations, royalty disputes, JOA & contract disputes to condemnation action, and help you avoid costly legal pitfalls and ensure you continue to move your business ahead with absolute clarity and confidence.

Specially-designed to provide deep insights on the intricacies of navigating through the complex web of oil and gas regulations in active and emerging jurisdictions, this Summit will be invaluable for oil and gas professionals and legal counsels who desire to get first-hand understanding, updates and most importantly, the confidence to succeed in the oil and gas business in Africa.

Why You Must Not Miss This Conference

Africa Oil & Gas Legal Summit is the only authoritative event in the region bringing together energy regulators, NOCs, IOCs and all stakeholders in the oil and gas supply chain
Stay current with the latest updates and analysis of regulations from major and emerging oil and gas jurisdictions in Africa
Acquire strategies to successfully mitigate legal risks and avoid costly legal pitfalls
Inculcate a pre-emptive analytical "lawyer" mindset
Create a winning strategy to handle disputes and litigation
Receive expert inside knowledge of Africa's complicated and sometimes protective legal environment
Be absolutely clear on mainstay oil and gas issues especially in regions where legal uncertainties exist
Be apprised of the potential areas of liability that could arise in the future
Learn from experts and practitioners through numerous case studies
Be confident to enter and exit out of contracts, agreements and partnerships

Market Snapshots

Recently spurred by game changing shale gas discoveries with estimated reserves of 485 Tcf, SOUTH AFRICA has the 5th largest shale gas reserves globally. More than USD 1 billion is to be spent on exploration with more than 10 companies granted exploration licenses in recent years. Regulation is undergoing major changes and debate as Parliament passed a new law in March, giving the State a 20% free stake in new gas and oil exploration and production ventures, and alarming operators that are looking to explore in South Africa. However, the law is ready to be re-evaluated before being passed by the President.
According to OECD, MOZAMBIQUE will become the 4th largest exporter of LNG and 2nd largest in Africa after Nigeria, with an increasing rate of proven gas reserves yearly and Anadarko expecting the first two 5-million-tonnes-per-annum LNG liquefaction trains to be commissioned by 2018, with two trains following every two years (up to a possible 10 trains). Mozambique's lawmakers recently approved in August petroleum laws that open the way for new oil and gas bids as well as a special tax break for offshore fields operated by Anadarko and Eni to aid their development. The oil and gas industry legislation, however, states that at least 25% of gas produced must be for local consumption.
Since 2010, large offshore gas discoveries have spurred TANZANIA to potentially become a major gas exporter, with estimates of more than 40 TCF of gas reserves with the potential to rise five-fold over the next few years. Tanzanian Petroleum Development Corporation (TPDC), the national oil company, has awarded acreage directly and through competitive licensing rounds. The Government of Tanzania issued a long awaited new model Production Sharing Agreement to coincide with the launch of a fourth licensing round for seven deep offshore blocks and another block in Lake Tanganyika. The new Production Sharing Agreement (PSA 2013) has more onerous fiscal obligations for investors than its predecessor, the 2008 model Production Sharing Agreement (PSA 2008). Tanzania also released the Natural Gas Policy and is expected to pass new legislations which will replace the framework under the Petroleum (Exploration & Production Act) 1980.
ANGOLA is now the second largest oil producer in SSA, with proven reserves of 9.5 billion barrels. Recent developments have surfaced the potential that Angola pre-salt will match successes comparable to Brazil. Sonangol, the national oil company, has historically entered into JVs with IOCs but has moved to the practice of production sharing agreements since 2004. The government expects to increase average production in 2011 of 1.65 mbpd to 2.00 mbpd in 2014.
NAMIBIA is recently reputed as Africa's last frontier, with geology showing promising similarities to pre-salt Santos basin in Brazil. The Petroleum Act and Income Tax Act governs royalties, VAT, Taxation issues, royalties and other associated requirements. The Ministry of Mines & Energy adopted an open licensing system for all recon, exploration and production licenses.
USD 4.6 billion is budgeted for 352 km pipeline between Kampala and Eldoret in Kenya for UGANDA's waxy crude. The government plans for a 120,000 bbl/d refinery is going ahead after the successful passing of the Petroleum Refining, Conversion, transmission and Midstream Storage Bill with early stage production planned in 2017. The Ministry of Energy and Mineral Development (MEMD), through the Petroleum Exploration and Production Department (PEPD), promotes and regulates the oil and gas industry. The Ugandan Government passed a number of laws and regulations in 2012/2013, including The Oil and Gas Revenue Management Policy, Petroleum (Exploration, Development and Production) Bill, the Petroleum (Refining, Gas Processing and Conversion, Transportation and Storage) Bill, The Public Finance Bill and The Petroleum Refining, Conversion, Transmission and Midstream Storage Bill. The new National Oil and Gas Policy proposes the establishment of the Uganda National Oil Company (NATOIL) and the Petroleum Authority of Uganda (PAU), which will regulate and handle all commercial aspects of the industry.
First Commercial Oil was found in KENYA in 2013 and the focus of drilling has been onshore in East African Rift Valley Basins. Unlike its neighbours, Kenya offers acreage through direct negotiations with the National Oil Company of Kenya (NOCK), the NOCK receives a 10% share in production once commercial quantities of oil or gas are found. However, this would be amended to a 10% initial stake, which increases to 25% once production begins. Main legislations are the Ninth Schedule of the Income tax act (revision planned), VAT Act and the East Africa Community Customs Management Act (EACCMA) each having special provisions for transactions involving E&P companies.
NIGERIA has the largest gas and second-largest oil reserves in Africa. The government has released plans to reduce gas flaring from 11% to 2% by 2017. The proposed and much-delayed Petroleum Industry Bill (PIB) aims to create a more stringent fiscal regime, with increased taxes, increased rents and royalties. The Act will require oil companies to pay 50% profit tax for onshore and shallow areas, and a 25% levy for frontier acreage and deepwater areas.
GHANA's Jubilee Field is the fastest ever deepwater development in the world to go into production and created the potential for the country to benefit from its oil reserves. Production is increasing to 120,000 bbl/d in mid 2013. In relation to natural gas, the Ghana National Gas Company (GNGC) has been set up to implement the Gas Infrastructure Project. The Petroleum Commission (PC) was established in 2012 as the industry regulator.
Equatorial Guinea is the eighth-largest crude oil reserve holder in Sub-Saharan Africa, with 1.1 billion barrels of proved reserves. Proved natural gas reserves were 1.3 trillion cubic feet (Tcf), the tenth-largest in the region. It is the top five largest oil producers in Sub-Saharan Africa and government has announced plans to open a 20,000-bbl/d refinery in Mbin.
Chad ranks as the tenth-largest oil reserve holder among African countries, with 1.5 billion barrels of proven. It now exports about 110,000 barrels of crude oil per day, almost all exported via Chad-Camerron Pipeline. Another 15,000 barrels crude oil are refined in Djarmaya refinery. CNPC International has the largest share of oil exploration blocks equal to 68,000 square kms.

Who Will Be Attending the Conference?

•      Senior executives and management of oil and gas companies
•      Senior personnel of energy ministries and national oil and gas companies
•      Commercial, economic and technical professionals
•      In-house legal counsels
•      Arbitrators and mediators interested in oil and gas disputes
•      Advisors, consultants, development banks and financial institutions
•      Tax and accounting professionals involved in the oil and gas sector
•      Bankers involved in oil and gas projects
•      Professional engineers and insurance specialists
•      Risk managers, assessors and audit firms
•      Independent utility managers and consumers of oil and gas such as petro-chemical and aluminium companies