A Critical Analysis Of The Petroleum (exploration, Development And Production) Act 2013 And Its Impact On The Oil Industry In Uganda

73 pages ID: ARE0097

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DepartmentArts Education
TypeProject
Pages73
Reference StyleYES
FormatMS Word & PDF
Reference No.ARE0097

Abstract

ABSTRACT The PEDP Act 2013, raises legal issues which had to be resolved in order to understand its impact on the upstream sector of Uganda's oil industry. State participation, in the PEDP Act 2013, is only limited to 20% carried interest which is low when compared to Algeria at 51% carried interest, Cameroon at 50% carried interest, Nigeria at 50+% carried interest and Norway at 20-56% WI. This requires a review of section 124 PEDP Act 2013. Corporate governance will also be a daunting task given the fact that the regulator PAU has to receive directions from the Minister of Energy and Mineral…

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