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OIL AND GAS
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Page 1: OIL AND GAS - Bowmans Lawrefinery and transportation agreements. • Ophir Energy in the context of the negotiation of the production sharing agreements for blocks 1, 2 and 4 offshore

OIL AND GAS

Page 2: OIL AND GAS - Bowmans Lawrefinery and transportation agreements. • Ophir Energy in the context of the negotiation of the production sharing agreements for blocks 1, 2 and 4 offshore

2

Page 3: OIL AND GAS - Bowmans Lawrefinery and transportation agreements. • Ophir Energy in the context of the negotiation of the production sharing agreements for blocks 1, 2 and 4 offshore

Contents

04 OurFirm

05 OurFootprintinAfrica

06 OilandGas

07 OurExperienceHighlights

14 OurOilandGasTeam

Oil and Gas

33

Page 4: OIL AND GAS - Bowmans Lawrefinery and transportation agreements. • Ophir Energy in the context of the negotiation of the production sharing agreements for blocks 1, 2 and 4 offshore

Our Firm

Bowmans is a leading Pan-African law firm. Our track record of providing specialist legal services, both domestic and cross-border, in the fields of corporate law, banking and finance law and dispute resolution, spans over a century.

WithsixofficesinfourAfricancountries

andover400specialisedlawyers,

wearedifferentiatedbyourgeographical

reach,independenceandthequalityoflegal

servicesweprovide.

Wedrawonouruniqueknowledgeofthe

Africanbusinessenvironmentandin-depth

understandingofthesocio-politicalclimate

toadviseclientsonawiderangeoflegal

issues.Ouraimistoassistourclientsin

achievingtheirobjectivesassmoothlyand

efficientlyaspossiblewhileminimisingthe

legalandregulatoryrisks.

Ourclientsincludecorporates,multinationals

andstate-ownedenterprisesacrossarange

ofindustrysectorsaswellasfinancial

institutionsandgovernments.

Ourexpertiseisfrequentlyrecognised

byindependentresearchorganisations.

WehavebeennamedAfricanLegalAdviser

byDealMakersforthelastthreeconsecutive

yearsandSouthAfricanLawFirmofthe

Yearfor2016bytheWho’s Who Legal.Most

recently,wewontheTechnology,Mediaand

TelecommunicationsTeamoftheYearAward

attheprestigiousAfricanLegalAwardshosted

byLegal WeekandtheCorporateCounsel

AssociationofSouthAfricain2017.Thefirm

wasalso‘highlycommended’intheAfrican

LawFirmoftheYear–LargePracticeand

LitigationandDisputeResolutionTeamof

theYearcategories.

BOWMANS

4CONTENTS PAGE

Page 5: OIL AND GAS - Bowmans Lawrefinery and transportation agreements. • Ophir Energy in the context of the negotiation of the production sharing agreements for blocks 1, 2 and 4 offshore

Our Footprint in Africa

Weprovideintegratedlegalservices

throughoutAfricafromsixoffices(Cape

Town,DaresSalaam,Durban,Johannesburg,

KampalaandNairobi)infourcountries

(Kenya,SouthAfrica,TanzaniaandUganda).

WeworkcloselywithleadingNigerianfirm

UdoUdoma&Belo-Osagie,andMozambique-

basedboutiquefirm,TacianaPeãoLopes&

AdvogadosAssociados.Wealsohavestrong

relationshipswithotherleadinglawfirms

acrosstherestofAfrica.

WearerepresentativesofLexMundi,aglobal

association,withmorethan160independent

lawfirmsinallthemajorcentresacrossthe

globe.Thisassociationgivesusaccesstothe

bestfirmsineachjurisdictionrepresented.

Bowmans offices

Relationship firm

Significant transaction or advisory experience

Oil and Gas

5CONTENTS PAGE

Page 6: OIL AND GAS - Bowmans Lawrefinery and transportation agreements. • Ophir Energy in the context of the negotiation of the production sharing agreements for blocks 1, 2 and 4 offshore

ThroughourofficesinAfrica,webringtogether

lawyerswithawealthofexperiencefromacross

emergingandmaturehydrocarbonprovincesin

Anglophone,FrancophoneandLusophoneAfrica.

Oil and Gas

We provide commercially

focussed legal advice that

compares favourably at all

levels with legal services

available in London,

Paris and New York: in

execution, delivery, technical

excellence and on price.

Werecognisethattherearemanyinter-

connectedchallengesforinvestorsinthe

hydrocarbonsindustryinAfrica,notleastthe

variouslicensingandregulatoryframeworks,

butalsothechallengesoflocalcontent,

environmentalregulationandfiscaland

financialregimes.

WhatdifferentiatesusisthatweareanAfrican

lawfirmwithcredibleandexperiencedoiland

gaslawyerson-the-groundinAfrica.

Weoperateasinglekeypointofcontact

model,whichnotonlyensuresaseamless

serviceforourclientsandassistsindeveloping

long-termrelationships,butalsoallowscosts

tobecontrolledandoutputtobedeliveredinthe

mostcommerciallysensibleway.

Promptresponseandcommunicationwithclients

iscriticaltoourapproach.DavidForfar,ourhead

ofoilandgas,isoursinglepointofcontact.

Ouradvisoryexperiencecoversupstream,

midstreamanddownstream.Wealsohave

significantexperiencedealingwiththeoil

andgaslegislativeenvironmentacrossAfrica,

includingexplorationandproductionrights

andallaspectsoflocalregulatoryframeworks.

Wecanworkinkeyjurisdictionallanguages,

includingFrench,PortugueseandSpanish,

addingtoourabilitytofacilitatecross-border

andinter-governmentalnegotiations.

Ouroilandgasspecialistsaresupportedby

awidergroupcomprisedofinternationally

recognisedlawyersintheareasoftax,forensics,

corporate,M&A,projectfinance,infrastructure,

projects,andportsandshippinglaw.Wecan

thereforeadviseoncomplexmajoroilandgas

relatedprojects,aswellasenvironmentaland

otherdisciplinesassociatedwithoilandgas

explorationandproduction.

OurclientsincludeNOCsandIOCsoperating

throughouttheoilandgasvaluechainaswell

asgovernmentagenciesandregulators.

BOWMANS

6CONTENTS PAGE

Page 7: OIL AND GAS - Bowmans Lawrefinery and transportation agreements. • Ophir Energy in the context of the negotiation of the production sharing agreements for blocks 1, 2 and 4 offshore

Ourlawyerswereinvolvedinthefollowingmatters

inAfrica:

LEGAL AND TAX REGIMES AND REGULATORY ADVICE

• AfricanPetroleumProducersAssociationin

relationtothereviewandthecomparative

studyoftheoilandgaslegislation,regulations

andmodelcontractsinforceintheAPPA

membercountries(comprisingthe18

producingcountriesinAfrica),includingthe

determinationofthemainprinciples,best

practicesandlatesttrendsapplicableto

theinternationalhydrocarbonsindustry,in

particularinAfrica,andtheirincorporation

intoamodelproductionsharingcontract.

• AnadarkoPetroleumCorporationinrelation

toitsinterestsinKenya,includingadviceon

theregulatoryregime,complianceissues,

corporatematters,taxation,employment,

property,communityandlandissues

andprovidingassistancewith

governmentrelations.

• DemocraticRepublicofCongotoaddress

themainprinciples,bestpracticesandlatest

trendsapplicabletohydrocarbonsexploration

andexploitationactivitiesinconnectionwith

thereviewofitspetroleumlaw.

• MinistryofEnergyandMineralDevelopment

inconjunctionwithWorleyParsons,toprepare

thenationalmidstreamstrategyforthe

transportationandstorageofpetroleum

inUganda.

• PetroSA,thenationaloilcompanyofSouth

Africa,onitsfinancialprovisioningobligations

vis-à-visthedecommissioningofitsoffshore

operations,aswellasonproposedguidelines

forwellabandonmentanddecommissioning

relativeto,amongstotherthings,South

Africa’sobligationsunderinternational

Our Experience Highlights*

lawandrecentdevelopmentsinbest

internationalpractice.

• RepublicofGabontoaddressthemain

principles,bestpracticesandlatesttrends

applicabletohydrocarbonsexplorationand

exploitationactivitiesinconnectionwith

thereviewofitspetroleumlaw,andthe

subsequentdraftingofanewpetroleumlaw.

• RepublicofEquatorialGuineatopresent

themainprinciples,bestpracticesand

latesttrendsapplicabletohydrocarbons

explorationandexploitationactivities.

• Chevroninrelationtotheregulatory

frameworkgoverningtheacquisitionofan

explorationrightinSouthAfrica.

• SimbaEnergyinrelationtoitsblocksin

Kenya,includingadviceontheregulatory

regime,complianceissues,taxation,

employment,communityandlandissues,as

wellasgovernmentrelations.

• TullowOilandTotalE&PUgandaBVin

thecontextofareviewoftheregulatory

environmentgoverningtheconstructionand

operationofapipelineinTanzania

andUganda.

• ChicagoBridge&Iron,amultinational

EPCcontractor,onvariouslegislative

developmentsaffectingaproposed

LNGprojectinMozambique.

• DLToll,anAustraliansupportservices

provider,inrelationtotheregulatoryregime

governingtheoilandgasindustry

ofUganda.

• Halliburtoninrelationtotheadventofa

shalegasindustryinSouthAfrica,including:

analysesofexistingandproposedregulatory

frameworks;formalsubmissionsonthe

Oil and Gas

7CONTENTS PAGE

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proposedlawstotheDepartmentofMineral

Resources(DMR)andthePetroleumAgency

ofSouthAfrica(PASA);and,appearing

beforePASA,aswellastheParliament

ofSouthAfrica’sPortfolioCommittee

onEnergy,regardingtheproposed

regulatorydevelopments.

HOST GOVERNMENT CONTRACTS AND AWARDS

• BunduGasandOilExplorationinrelation

toitsapplicationforanexplorationrightfor

shalegasintheKarooBasinofSouthAfrica.

• CompañíaEspañoladePetróleosinthe

contextofthedraftingandnegotiationof

aproductionsharingagreementinKenya.

• EquatorExplorationinthecontextofthe

draftingandnegotiationofaproduction

sharingagreementintheRepublicofCongo.

• FalconOilandGasinrelationtoits

applicationforanexplorationrightforshale

gasintheKarooBasinofSouthAfrica.

• LundinPetroleuminthecontextofthe

draftingandnegotiationofaproduction

sharingagreementinrelationtoBlock10A

inKenya.

• MolopoSouthAfricaExplorationand

Productioninthecontextofapplicationsfor

therenewalofonshoreexplorationrights

andanapplicationforanonshoreproduction

right,aswellasnegotiationswithblack

economicempowermentpartnersin

SouthAfrica.

• SasolPetroleumInternationalanditsjoint

venturepartners,ChesapeakeandStatoil,

inrelationtoanapplicationforatechnical

co-operationpermittostudyshalegasinthe

KarooBasinofSouthAfrica.

• TullowOilinthecontextofthedrafting

andnegotiationofaproductionsharing

agreementinGabon.

• Aconsortium,includinganIvanhoeEnergy

companyandCITICResources,inthecourse

oftheUSD5billiondevelopmentofthe

350mbarrelsAgademoilfieldinNiger,

includingdraftingandnegotiatingthe

productionsharingagreement,andrelated

refineryandtransportationagreements.

• OphirEnergyinthecontextofthe

negotiationoftheproductionsharing

agreementsforblocks1,2and4

offshoreTanzania.

• JapanOil,GasandMetalsNational

Corporationinrelationtothedraftingand

negotiationofanexplorationandproduction

sharingagreementandaprospecting

agreementinGabononbehalfofINPEX

CorporationandItochuCorporation.

• TullowOilinthecontextofthedrafting

andnegotiationoftwoproductionsharing

agreementsinIvoryCoast.

• HOilinrelationtothedraftingand

negotiationofaproductionsharing

agreementintheDemocraticRepublic

ofCongo.

• NewAfricanGlobalEnergyinrelationtoits

applicationforanoffshoreexplorationright

inSouthAfrica.

• TotalE&PSouthAfricainrelationtoits

applicationsfortechnicalco-operation

permitsandexplorationrightsin

SouthAfrica.

• OphirEnergyinthecontextofthe

negotiationoffourproductionsharing

agreementsinGabon.

• PetronasCarigaliinthecontextofthe

draftingandnegotiationofaproduction

sharingagreementinEquatorialGuinea.

• EquatorExplorationinthecontextofthe

draftingandnegotiationofaproduction

sharingagreementinSãoTomé

andPríncipe.

• KinetikoEnergy(Australia)inrelationto

itsapplicationsfortechnicalco-operation

permitsrelatingtoSouthAfricancoal-bed

methanereserves.

BOWMANS

8CONTENTS PAGE

Page 9: OIL AND GAS - Bowmans Lawrefinery and transportation agreements. • Ophir Energy in the context of the negotiation of the production sharing agreements for blocks 1, 2 and 4 offshore

• RepublicofSomalilandinrelationtothe

draftingandnegotiationofaproduction

sharingagreementwithDNOASA

inSomaliland.

• MartResourcesinrelationtothedrafting

andnegotiationofaproductionsharing

agreementintheDemocraticRepublic

ofCongo.

M&A

• ExxonMobilinthecontextoftheacquisition

ofa75%participatinginterestintheTugela

SouthExplorationRightinSouthAfrica.

• SignetPetroleuminrelationtothe

acquisitionandofparticipatinginterestsin

productionsharingagreementsinNamibia

andtheDemocraticRepublicofCongo.

• AfricaEnergyinthecontextofitsacquisition

ofaparticipatinginterestinrelationtoBlock

2BinSouthAfrica.

• RepublicofChadinrelationtothe

acquisitionofaparticipatinginterestin

theUS$1.5billionDobahydrocarbons

production,transportationandexportation

assetsinChadandinCameroon,including

theperformanceofaduediligence

reviewandthedraftingofsaleand

purchaseagreements.

• CNOOCinthecontextoftheacquisitionof

aparticipatinginterestinthreeproduction

sharingagreementsinUganda.

• CompañíaEspañoladePetróleosinrelation

totheacquisitionofa55%participating

interestinaproductionsharingagreement

pertainingtoBlock11AinKenya.

• OphirEnergyinthecontextofthecorporate

takeoverofDominionPetroleum,anE&P

companywithparticipatinginterestsin

productionsharingagreementsin, inter alia,

KenyaandTanzania.

• CNOOCinrelationtothenegotiationoffiscal

termsforassociatedgasinthecontextof

anapplicationforaproductionlicencefor

Block3AinUganda.

• CompañíaEspañoladePetróleosinthe

contextoftheacquisitionofaparticipating

interestinproductionsharingagreements

relatingtotwoonshoreblocksinKenya.

• AlargeSouth-EastAsiaoilandgas

companyinrelationtotheacquisitionofa

participatinginterestintwelveproduction

sharingagreementsinEquatorialGuinea,

Gabon,KenyaandTanzania.

• FARLtdinrelationtoitsacquisitionof

FlowEnergy,acompanywithparticipating

interestsinproductionsharingagreements

inKenya.

• HoskenConsolidatedInvestments,ablack

empowermentinvestmentcompany,

inrelationtotheacquisitionofa20%

shareholdinginterestinImpactOilandGas,

includingananalysisofvarioustransactional

documentsrelatingtotheacquisitionof

acreageinGabon,Namibia,SouthAfrica

andtheSenegal/GuineaBissauJoint

DevelopmentZone.

• LibyaOilKenyaLtdandTamoilAfrica

HoldingsLtdinthecontextofthe

Oil and Gas

9CONTENTS PAGE

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restructuringofthecompaniesbywayofthe

acquisitionofashareholdinginterestbyLibya

OilKenyaLtdinLibyaOilUgandaLtd.

• MarathonOilinthecontextoftheacquisition

ofaparticipatinginterestinseveralproduction

sharingagreementsinKenya.

• NationalOilCorporationofLibyainrelationto

theacquisitionofashareholdinginterestinan

E&Pcompanyholdingaparticipatinginterest

inseveralproductionsharingagreements

inLibya.

• OilIndiainthecontextoftheacquisitionof

participatinginterestsinseveralproduction

sharingagreementsinAlgeria.

• SasolPetroleuminthecontextofthedrafting

andnegotiationofafarm-outagreementwith

ENIinSouthAfrica.

• SwalaEnergyanditssubsidiarySwalaKenya

inrelationtotheacquisitionofaparticipating

interestinBlock12inKenya.

• Totalinthecontextoftheacquisitionofa50%

participatinginterestinBlock11B/12Bin

SouthAfrica.

• RegalisPetroleuminrelationtothe

structuring,negotiation,andimplementation

ofanacquisitionofashareholdinginterestin

acompanyholdingaparticipatinginterest

inaproductionsharingagreementin

Chad,includingasyntheticjoint

operatingagreement.

LEGAL, CONTRACTUAL AND REGULATORY MATTERS

• ENISpAinthecontextoftheacquisitionof

oilandgasrightsintheDemocraticRepublic

ofCongo,includingtheperformanceofadue

diligencereview.

• BPinrelationtoaSouthAfricanblack

economicempowermenttransactioninterms

ofwhichKapelaInvestmentsandBPSA

EducationFoundationacquiredshareholdings

inBPSouthAfrica.

• EffiageSAinrelationtothelegalrequirements,

documentationandprocurementprocessesfor

theKenya-Ugandarefinedpetroleumpipeline.

• Halliburtoninrelationtocompetition

approvalsinvariousAfricanjurisdictions,

includingtheDRC,Egypt,Ethiopia,Kenya,

Libya,Uganda,Nigeria,Tanzaniaand

Cameroon,whereapprovalswererequiredto

implementtheUSD34.6billionacquisitionby

HalliburtonofsharesinBakerHughes.

• KosmosEnergyinrelationtothereview

andrenegotiationofoilandgasrightsin

CameroonandinMorocco.

• StatoilASAinthecontextofthedevelopment

ofanLNGplanttoexportnaturalgas

producedonBlock2offshoreTanzania.

• LundinBVanditsassociatedcompanyAfrica

OilTurkanaLtd(formerlyTurkanaDrilling

Consortium(K)Ltd),asubsidiaryofAfricaOil

Corp.,inthecontextofthereorganisationof

theAfricaOilCorp.Group.

• JXNipponinrelationtovariousnewventures

inAfrica.

• NationalOilwellVarcoinrelationtolocal

contentinUganda.

• Schlumbergerinthecontextofgenerallegal,

contractualandregulatoryqueriesrelatingto

operationsinKenyaandinUganda.

• TotalE&PUgandaBVinrelationtoan

environmentaldisputeinUganda.

• TullowOilinthecontextofimpending

legislativechangesintheUgandanoiland

gassector,relationswithcommunitiesand

communitygovernments,andthepreparation

ofancillaryagreements.

• VictoriaOil&Gasinrelationtothestructuring,

negotiation,andimplementationofanatural

gasproduction,transportationandmarketing

projectinCameroon,includingaddressingall

upstreamanddownstreamregulatoryissues,

draftingamodelgassaleagreement,drafting

andnegotiatingaparticipationagreement

BOWMANS

10CONTENTS PAGE

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withthenationaloilandgascompany,and

reviewingrelatedregulatoryissuespertaining

tocontractualstructure,gaspricing,

transportationandmarketingofnaturalgas

inCameroon.

• RepublicofGuineainrelationtoadue

diligencereviewofcertainoilandgasrights

inGuinea.

• SasolPetroleuminthecontextofthe

restructuringofitsassetsinGabon,including

theperformanceofaduediligencereview

ofallexistinghydrocarbonsproductionand

serviceagreements,thedraftingofabusiness

contributionagreementandthenovation

oftheexistinghydrocarbonsproduction

agreements,aswellasthemanagementall

legalandtaxissuesinGabon.

• OphirEnergyinrelationtovariouscontractual

mattersinGabon,includingthereviewof

aproductionsharingcontractandjoint

operatingagreement,aswellasnegotiating

withpartnersandtheStateinrelationtoan

extensionoftheproductionsharingcontract

andanassignmentofinterest.

• SasolPetroleuminthecontextofadue

diligencereviewofoilandgasassetsinGabon,

NigeriaandtheNigeria/SaoToméJoint

DevelopmentZone.

• TrafiguraandPumaEnergyinrelationtothe

constructionofoilstorageterminals

inMozambique.

Oil and Gas

CONTENTS PAGE11

Page 12: OIL AND GAS - Bowmans Lawrefinery and transportation agreements. • Ophir Energy in the context of the negotiation of the production sharing agreements for blocks 1, 2 and 4 offshore

GLOBAL (EXCL. USA

& CANADA)^

AFRICA ASIA-PACIFIC LATIN AMERICA EUROPE MIDDLE-EAST

2017* 959 89 9.28% 195 20.33% 196 20.43% 82 8.55% 397 41.39%

2016 937 81 4.18% 220 23.47% 319 34.04% 109 11.63% 379 40.44%

2011 1183 75 6.33% 252 21.30% 441 37.27% 128 10.81% 287 24.26%

2006 954 63 6.60% 228 23.89% 326 34.17% 81 8.4% 256 26.83%

2001 756 52 6.87% 160 21.16% 265 35.05% 90 11.9% 189 25%

1996 790 82 10.3% 179 22.65% 280 35.44% 114 14.4% 135 17.08%

2016

1996

0

2

4

6

8

10

12

Gas

Oil

Rigs

* As at the end of 2016. Source: BP

^ Trillion cubic feet.

/ Decrease/ Increase in proved/

produced reserves.

% Percentage of global proved

reserves/ production.

AFRICAN RIG COUNT - JULY 2017~

Algeria 57

Egypt 27

Kenya 8

Nigeria 8

Angola 2

Congo 2

Cameroon 2

Senegal 2

Ivory Coast 1

Gabon 2

Guinea 1

Libya 1

Mozambique 1

RIG COUNT

* Figures for active rigs as at August of each of the relevant years, except 2017 which reflects

figures for the month of July. Source: Baker Hughes.

^ USA & Canada excluded on account of shale boom.

/ Decrease/ Increase in number of rigs or percentage of the global rig count.

% Percentage of global rig count (excl. USA & Canada).

~ Source: Petroleum Africa.

RESERVES

1996 2017

Gas - Proved Reserves 2016

Africa

Africa %

Global

Global^ %

GAS AFRICA GLOBAL

PROVED^ PRODUCED^ PROVED^ PRODUCED^

2016* 503.3 7.63% 7.356 5.86% 6 588.8 125.42

2015 497.94 7.54% 7.479 5.98% 6 600.31 124.96

2011 515.59 7.87% 7.476 6.41% 6 547.34 116.53

2006 497.94 8.91% 6.801 6.66% 5 586.78 102.10

2001 462.62 8.52% 4.831 5.49% 5 427.86 87.84

1996 360.2 8.25% 3.227 4.12% 4 361.36 78.23

PROVED RESERVES & RIG COUNT*

GAS OIL RIGS

1996 8.25% 6.5% 10.3%

2017 7.63% 7.49% 9.28%

* *Rig count (excl. USA & Canada) and proved oil and gas reserves

as percentages of global totals as at August 1996 and July 2017.

Sources: Baker Hughes & BP.

8.25%

7.63%7.49%

6.5%

10.3%

9.28%

0

2

4

6

8

10

12

Gas

Oil

Rigs

1996

2017

7.63%

* As at the end of 2016. Source: BP.

^ Thousand million barrels.

° Thousand barrels daily.

/ Decrease/ Increase in proved/

produced reserves.

% Percentage of global proved

reserves/ production.

Oil - Proved Reserves 2016

Africa

Global

OIL AFRICA GLOBAL

PROVED^ PRODUCED° PROVED^ PRODUCED°

2016* 128 7.49% 7 892 8.56% 1 706.7 92 150

2015 128.2 7.57% 8 297 9.04% 1 691.5 91 704

2011 125.2 7.47% 8 464 10.07% 1 675.3 84 026

2006 116.9 8.44% 10 014 12.13% 1 383.7 82 519

2001 96.7 7.4% 7 861 10.45% 1 305.4 75 162

1996 74.9 6.5% 7 447 10.66% 1 148.8 69 846

92.51%

7.49%

92.37%

10.3% 9.28%

90.72%89.7%

12CONTENTS PAGE

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Other2%

Other2%

Other2%East Africa

3%

East Africa3%

East Africa4%

* Source: BP.

˜ Source: ExxonMobil.

^ Thousand million barrels.

° Trillion cubic feet.

/ Decrease/ Increase in production.

% Percentage of global or

regional production.

2011 JURISDICTION TCF

1. Nigeria 186.88

2. Algeria 159.00

3. Egypt 77.20

4. Libya 54.68

5. Angola 10.94

6. Cameroon 4.77

7. Mozambique 4.50

8. Congo Brazzaville 3.20

9. Sudan 3.00

10. Tunisia 2.30

TOTAL 506.47

2017 JURISDICTION TCF

1. Nigeria 186.61

2. Algeria 159.05

3. Mozambique 100.00

4. Egypt 77.20

5. Libya 53.14

6. Angola 10.88

7. Cameroon 4.77

8. Congo Brazzaville 3.20

9. Sudan & S. Sudan 3.00

10. Tunisia 2.30

TOTAL 600.15

GAS: AFRICA’S TOP TEN JURISDICTIONS*

2020 2030 2040

* “Estimated Proved Reserves”

Source: Oil & Gas Journal

PREDICTED OIL & GAS PRODUCTION*

AFRICAN GAS° PRODUCTION BY REGION˜

OIL PRICE & AFRICAN RIG COUNT

AUG. 1996 AUG. 2001 AUG. 2006 JUL. 2008 AUG. 2011 AUG. 2017

OIL PRICE (BRENT) $20 $25 $71 $143 $111 $52

AFRICAN RIG COUNT 82 52 63 63 75 89 (July)

AFRICAN RIG COUNT AS A % OF GLOBAL RIG COUNT (EXCL. USA & CANADA)

10.3% 6.87% 6.6% 5.7% 6.33% 9.28% (July)

160

140

120

100

80

60

40

20

0

1996 2006 20112001 2008 2017

Oil Price

Rig Count

Rig Count (%)

North Africa72%

West Africa23%

North Africa53%

West Africa42% North

Africa46%

West Africa48%

GAS°

142.86 153.15 164.24 175.29

8.34 5.84% 8.82 5.76% 10.22 6.22% 12.86 7.33%AFRICA

GLOBAL

2020 2025 2030 2035

OIL^

33.01 34.4 35.4 35.9

3.054 9.25% 3.014 8.76% 3.037 8.57% 3.031 8.43%AFRICA

GLOBAL

2020 2025 2030 2035

Angola

CongoCameroon Sudan

Tunisia

Moz.

Libya

Egypt

Algeria

Nigeria

Sudan & S. SudanCameroon

AngolaTunisia

Libya

Egypt

Moz.

Algeria

Nigeria

Congo

13CONTENTS PAGE

Page 14: OIL AND GAS - Bowmans Lawrefinery and transportation agreements. • Ophir Energy in the context of the negotiation of the production sharing agreements for blocks 1, 2 and 4 offshore

Our Oil and Gas Team

DAVID FORFAR

HeadofOilandGas

CapeTown,SouthAfrica

T:+27214807810

E:[email protected]

DavidForfarheadsourOilandGasTeam.

DavidForfarspecialisesinupstreamoilandgas

matterswithaparticularfocusonproductionsharing

agreements,concessionsandhostgovernment

instruments,aswellasregulatoryandcompliance-

relatedissuesinAfrica.

PriortojoiningBowmans,Davidwasbasedin

Aberdeen,Scotland,wherehisexperienceincluded

timeasaseniorlegalcounselforCanadianNatural

ResourcesInternational.Hehasprovidedextensive

adviceinrelationtoavarietyofAfricanjurisdictions,

including:Coted’Ivoire,Gabon,Mozambiqueand

SouthAfrica.

Davidtrainedandpractisedasalawyerwiththe

Energy,TransportandInfrastructureGroupat

AshurstinLondon.

DavidhasBAandPhDdegreesfromtheUniversityof

Essex,UK,andanMAfromtheUniversityofOxford,

UK.HewasalsoaFellowinModernJapaneseStudies

attheUniversityofOxford’sWadhamCollege.

PENUELL MADUNA

ChairmanofOilandGas

Johannesburg,SouthAfrica

T: +27116699358

E:[email protected]

PenuellMadunaisthechairmanofourOilandGas

Teamanddeputychairmanofthefirm.Heisalsothe

formerSouthAfricanMinisterofMineralandEnergy

Affairs,aswellastheformerMinisterofJusticeand

ConstitutionalDevelopmentandtheDeputyMinisterof

HomeAffairs.Currently,Penuellalsoholdstheposition

ofdeputychairmanofSasolOil(Pty)Ltd.

Penuellhasmanyyearsofexperienceactingasan

advisertotheSouthAfricanoilandgasteam,including

hishavingactedaschairmanforTshwarisanoLFB

Investment(Pty)whenitacquireda25%shareholding

inSasol’sliquidfuelbusinessforZAR1.45billion,

whichwasoneofthefirstmajorblackeconomic

empowermenttransactionsinthesector.

PenuellhasanLLBfromtheUniversityofZimbabwe,

aB.lurisfromtheUniversityofSouthAfrica,anLLM

fromtheUniversityoftheWitwatersrand,anLLDfrom

theUniversityofSouthAfricaandaHigherDiploma

inTaxLaw.

BOWMANS

14CONTENTS PAGE

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NICOLAS BONNEFOY

Partner

London,UnitedKingdom

T:+447810262720

E:[email protected]

Dualqualified(FrenchandEnglish)andbasedin

London,NicolasBonnefoyisamining,andoil

andgaslawyerwithanexclusivefocusonAfrica.

Hisexperiencemainlyincludesactingforoiland

gasandminingcompaniesinsecuringtheaward

ofexplorationandproductionrights,structuring,

negotiatingandimplementingacquisitionsand

disposalsofexplorationandproductionassets

throughoutAfrica,anddevelopingexploration

andproductionprojects.

Nicolashasalsobeeninvolvedinreviewingexisting

legislation,regulationsandmodelproductionsharing

contractsgoverninghydrocarbonsexplorationand

exploitationactivitiesinAfricaonbehalfofthe

AfricanPetroleumProducersAssociationandseveral

memberstates.

HelivedandworkedinGabonandinEquatorial

Guinea,andtravelledextensivelyinAfricaover

thepast20years.

AaronOhmisanassociateinourOilandGasTeam.

Aaronhasadvisedonavarietyofspecialisedoiland

gas-relatedagreementsintheupstreamsector,including

FarmoutAgreementsandJointOperatingAgreements.

Hehasalsogainedvalueexperienceworkingasa

secondeetotwooilandgascompanies.

Aaronhasbroadrangingcorporateexperiencehaving

advisedinvariousmergerandacquisitiontransactions,

includingconductingvariousduediligenceinvestigations,

draftingofsharepurchaseagreementsandadvisingon

localregulatoryissues.

AaronholdsaBScfromHandongGlobalUniversityandan

LLBfromtheUniversityofCapeTown.HespeaksEnglish

andKorean.

LUKE HAVEMANN

SeniorAssociate

CapeTown,SouthAfrica

T:+27214807953

E:[email protected]

LukeHavemannisaseniorassociateinourCape

Townoffice.

Luke’sinterestliesintheprovisionofsolution-focused

adviceforupstreamoperationsinSub-Saharan

Africajurisdictions.HehasadvisedIOCs,ministries

andagenciesandregulators,anNOC,oilfieldservice

companiesandotherindustry-specificentitiesin

avarietyofAfricanjurisdictions,including,Chad,

Kenya,Mozambique,SouthAfricaandUganda.

HehasBA,LLBandLLMdegreesfromtheUniversity

ofCapeTownandaPhDinOilandGasLawfromthe

UniversityofAberdeen.

HespeaksAfrikaans,EnglishandPortuguese.

AARON OHM

Associate

CapeTown,SouthAfrica

T:+27214807817

E:[email protected]

To view profiles of our lawyers,

please visit www.bowmanslaw.com

Oil and Gas

15CONTENTS PAGE

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Cape Town

T: +27214807800

E:[email protected]

Dar es Salaam

T: +255768988640

E:[email protected]

Durban

T: +27312650651

E:[email protected]

Johannesburg

T: +27116699000

E:[email protected]

Kampala

T: +256414254540

E:[email protected]

Nairobi

T: +254202899000

E:[email protected]

Follow us on Twitter:

@Bowmans_Law

www.bowmanslaw.com

CONTENTS PAGE


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