PEPS - Legal, Fiscal, Contractual Terms - Detailed Analysis
Would you like to find out the latest licensing round terms? Would you like to find out what terms are negotiable?
A detailed country reference report is provided on E&P terms for 130 countries in a standardized format. The PEPS Detailed Analysis module is constantly updated to provide you with:
- The latest terms being offered in new licensing rounds
- Trends in the outcome of negotiations over critical fiscal and contractual issues
- The introduction of new laws and procedures affecting oil companies, including tax and environmental legislation
The information provided covers current and past terms available for exploration, exploitation of existing discoveries and re-development of existing fields. The reports contain citations of laws, regulations and contracts with direct electronic links ('hyperlinks') to the laws, legislation and model contracts.
Links available to actual relevant laws and legislation enable you to verify all the information you see.
Country reference reports provides you with analysis all in one place, covering the following topics:
Legislation: legislative framework governing E&P operations and the fiscal regime.
Application and award procedure: licensing authority, application and registration requirements, award procedures.
Role of the state: direct state participation, role in management, operatorship, procurement etc.
Exploration terms: types of exploration right, area, duration and relinquishment provisions, exploration obligations and payments.
Production terms: types of production right, area, duration and relinquishment provisions, production obligations and payments.
General provisions: revocation and assignment.
Commerciality provisions: appraisal, commerciality and development approvals for oil and gas fields, sole risk and unitization.
Fiscal terms: overview and schematic diagram, bonus and other payments, royalty, production sharing, income and other profits taxation, other tax liabilities, exemption and stabilization, worked cash flow example.
Commercial terms: foreign exchange provisions, disposal, transportation and storage terms, and indigenization requirements.
Other contractual provisions: title to petroleum, assets and data/confidentiality, governing law and dispute resolution, liability, indemnity and force majeure, contract stabilization.
Environmental provisions: environmental regulation and conduct of operations, environmental permitting and EIAs, decommissioning/abandonment.
Contractual environment: evolution of contract terms, licensing activity.
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The PEPS Detailed Analysis module provides information on current and past terms available for exploration, exploitation of existing discoveries and re-development of existing field. Click to enlarge. |
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The reports contain citations of laws, regulations and contracts with electronic links (‘hyperlinks’) to the actual laws, legislation and model contracts. Click to enlarge. |