Published : Sep-2019
No. of Pages : 27
1.1. List of Tables
1.2. List of Figures
2. Executive Summary
2.1. Regime Overview - Production Sharing Agreement
2.2. Timeline
2.3. State Take Assessment
3. Key Terms - Production Sharing Agreements
3.1. Bonuses and Fees
3.1.1. Signature Bonus
3.1.2. Surface Fees
3.1.3. Training Fee
3.2. Cost Recovery
3.2.1. Limit on Recovery
3.2.2. Uplift
3.2.3. Recoverable Costs
3.2.4. Non-Recoverable Costs
3.3. Profit Sharing
3.3.1. 2019 Model
3.3.2. Pre-2019 Contracts
3.4. Windfall Tax (2008-2018 Contracts)
3.5. Abandonment Fund
3.6. Direct Taxation
3.6.1. Corporate Income Tax
3.6.2. Deductions and Depreciation
3.6.3. Capital Gains Tax
3.6.4. Withholding Tax
3.7. Indirect Taxation
3.7.1. Value Added Tax
3.7.2. Customs Duties
3.8. State Participation
3.9. Marginal and Sub-Commercial Discoveries
3.10. Natural Gas Discoveries
3.11. License Terms
3.11.1. Duration and Relinquishments
3.11.2. Work Obligation
3.12. Domestic Market Obligation
4. Regulation and Licensing
4.1. Legal Framework
4.1.1. Governing Law
4.1.2. Contract Type
4.1.3. Title to Hydrocarbons
4.2. Institutional Framework
4.2.1. Licensing Authority
4.2.2. Regulatory Agency
4.2.3. National Oil Company
4.3. Licensing Process
4.3.1. Licensing Rounds
4.3.2. Bidding
4.4. Local Content
5. Appendix
5.1. References
5.2. Contact Us
5.3. Disclaimer
List of Tables
Table 1: Regime Overview
Table 2: Kenya, Key Events since 2000
Table 3: Kenya, PSA, Signature Bonus Payments From Selected PSAs (US$)
Table 4: Kenya, PSA, Surface Fees From Selected PSAs (US$/km)
Table 5: Kenya, PSA, Annual Training Fees From Selected PSAs (US$)
Table 6: Kenya, PSA, R-Factor Profit Petroleum Split, 2019
Table 7: Kenya, PSA, Incremental Profit Sharing Split, Blocks 11A and L16, 2012
Table 8: Kenya, PSA, Incremental Profit Sharing Split, Blocks L27 and L28, 2012
Table 9: Kenya, PSA, Incremental Profit Sharing Split, Block 2B, 2008
Table 10: Kenya, PSA, Incremental Profit Sharing Split, Block 1, 2007
Table 11: Kenya, PSA, Government Participation From Selected PSAs (%)
Table 12: Kenya, PSA, License Duration Examples (Years)
Table 13: Kenya, PSA, Work and Minimum Expenditure Obligations From Selected Contracts
Table 14: References
List of Figures
Figure 1: Regime Flow Chart - Production Sharing Agreements
Figure 2: Kenya, Indicative NPV10/boe, IRR and State Take Comparison, and Price and Cost Sensitivity Analysis
Figure 3: Kenya, Legal Framework
Figure 4: Kenya, Institutional Framework
