Discover and read the best of Twitter Threads about #oandoataow
Most recents (7)
1/ Have you ever wondered what big ideas will disrupt the African oil & gas industry in the coming decade?
In conjunction with @africaoilweek we asked some of the industry’s finest minds what their thoughts were & here is what they had to say.
Video: Jon Clark of @EY_OilGas
In conjunction with @africaoilweek we asked some of the industry’s finest minds what their thoughts were & here is what they had to say.
Video: Jon Clark of @EY_OilGas
(1/6) Here are 3 points made at the “Moving the Needle on African Fiscal Systems & Good Governance” panel session by Immanuel Mulunga MD, National Pertoleum corporation Namibia. (NAMCOR)
#AOW2019 #OandoAtAOW
#AOW2019 #OandoAtAOW
(2/6)
1. Without certainity you cannot attract capital. African Governments are comminting for limited exploration capital so if there is no regulatory certainity you drive away investment.”
#AOW2019 #OandoAtAOW
1. Without certainity you cannot attract capital. African Governments are comminting for limited exploration capital so if there is no regulatory certainity you drive away investment.”
#AOW2019 #OandoAtAOW
(3/6)
2. Laws have been in existence for more than 25 years and there is a need to look at them again to see if there is a need for a change/ improvement so as to make them more relevant in a more economically stable environment.
#AOW2019 #OandoAtAOW
2. Laws have been in existence for more than 25 years and there is a need to look at them again to see if there is a need for a change/ improvement so as to make them more relevant in a more economically stable environment.
#AOW2019 #OandoAtAOW
(1/3)"When making a country investment decisions, companies look at the country's tax regime, signature bonus, ambiguity of the laws, royalty, profit splits.
Countries should propose different proposals for different opportunities- it cannot be a one size fits all."
#OandoAtAOW
Countries should propose different proposals for different opportunities- it cannot be a one size fits all."
#OandoAtAOW
(2/3) "The things I have mentioned most countries are aware of and to a degree think about, the one thing they rarely think about is exit tax. The stability and fiscal terms around exit tax is extremely important."
#OandoAtAOW #AOW2019
#OandoAtAOW #AOW2019
(3/3) Countries see this, the departure of a company from thier country as a negative thing but it is positive, they have done what they came for and they are opening door to enable new investment to come in. - Duncan Williams Senior Counsel Asafo & Co.
#OandoAtAOW #AOW2019
#OandoAtAOW #AOW2019
(1/3) "As Governments and regulators we need to keep talking, we need a platform where we can freely exchange ideas and keep each other in the loop on new ideas. We should be able to reach out to each other to take lessons learned."
#OandoAtAOW #AOW2019
#OandoAtAOW #AOW2019
(2/3)"We have IOCs operating in all our respective countries, what are they doing & how are we (Government/Regulator) each managing them to maximise benfits for the country. We must share these learnings so if there is a need we use these learnings to improve our policies,etc."
(3/3) "All of a sudden what this would mean would be what pertains in one jurisdiction applies in another." - Egbert Issac Faibille, Petroleum Commissioner,@PetroleumGhana on the “Moving the Needle on African Fiscal Systems & Good Governance” panel session.
#OandoAtAOW #AOW2019
#OandoAtAOW #AOW2019
(1/4) "Local content is an article of faith, we must understand that oil is a resource (it is not ours) that has been given to us to hold in a trust for the people today and for generations to come."
#AOW2019 #OandoAtAOW
#AOW2019 #OandoAtAOW
(2/4)"Therefore the decisions we rake today shall be / must be beneficial to the Government, people and IOcs today as well as generations to come. In Ghana we don't want to develop a monopoly of local content."
#AOW2019 #OandoAtAOW
#AOW2019 #OandoAtAOW
(3/4) "What is more important is consistent fairness, transparency and opportunities created for local content. The IOCs and those that have the knowledge must transfer this knowledge so our conversation is different in 20 years times."
#AOW2019 #OandoAtAOW
#AOW2019 #OandoAtAOW
(1/4)“Ghana had diminished interest to its recent bid rounds. It was the country's 1st licensing round and occured this year. Interestwas low, no new players and the likes of BP and Exxon Mobil withdrew. Why and what next for Ghana.”
#OandoAtAOW #AOW19
#OandoAtAOW #AOW19
(2/4) “We have definitely learnt lessons from what happened and we want to make Ghana more attractive for investment so we are currently looking at amending some if our regulations / laws.”
#OandoAtAOW #AOW19
#OandoAtAOW #AOW19
(3/4) “For the 2nd licensing round we realise that we need to shoot more siesimic data so companies can make more informed decisions. We want you to win the licensing bid round but more than that we want you to stay and work the assets to production…
#OandoAtAOW #AOW19
#OandoAtAOW #AOW19
(1/3) It was a great start to @africaoilweek VIP event where @airune sat on a panel that took a close look at “promoting public-private dialogue to develop equitable exploration and production terms in the African upstream”.
#AOW2019 #OandoAtAOW
#AOW2019 #OandoAtAOW
(2/3) This discourse covered the challenges facing National Oil Companies/Concessionaires and the global private sector, negotiating strong fiscal regimes which are both mutually acceptable, and favour both governments …
#AOW2019 #OandoAtAOW
#AOW2019 #OandoAtAOW
(3/3) …and operators as well as driving public / private dialogue to develop stronger governance.
We look forward to the conference kicking off tomorrow!
#AOW2019 #OandoAtAOW
We look forward to the conference kicking off tomorrow!
#AOW2019 #OandoAtAOW
