MSGBC Basin Summit and Exhibition 2022

Herbert Smith Freehills is a sponsor of the MSGBC Basin Summit and Exhibition taking place in Dakar, Senegal on 9-11 May 2022. Paris-based Of Counsel Paul Morton will moderate a panel which will discuss Updates on Recent Local Content Legislation & Regulation, Actions Taken and Opportunities Created. Further details of the event, which is being … Read more

CEMAC authorities issue special foreign exchange regulations for extractive companies

Following a period of three years punctuated by discussions and moratoria on the enforcement of CEMAC Regulation No. 02/18/CEMAC/UMAC/CM relating to foreign exchange (the “2018 Regulation”), extractive companies with activities in the CEMAC area may finally see some light at the end of the tunnel thanks to two new CEMAC foreign exchange regulations specifically designed … Read more

CLEARING THE WATERS: THE UPSTREAM PETROLEUM RESOURCES DEVELOPMENT BILL, 2021

∨ Introduction ∨ Key differences between the 2019 Bill and the 2021 Bill ∨ Conclusion INTRODUCTION Total S.A.’s (Total) initial discovery just over two years ago of gas concentrate in the Outeniqua Basin (Brulpadda prospect, Block 11B/12B) offshore South Africa – a deposit reportedly containing around one billion barrels of oil equivalent1 – has placed … Read more

MSGBC Basin Digital Summer Updates

Herbert Smith Freehills is a proud supporter of the MSGBC Basin Digital Summer Updates taking place on 6 and 7 July 2021. Paris-based Partner Bertrand Montembault will be joining a panel discussion on Local Content in Practice: Latest Legislation Updates, The Role of Local Content as the Basin Moves Towards Production and The Changing Role … Read more

THE 2020 MSGBC SUMMIT – TIME TO TAKE STOCK

Authors: Paul Morton and Bertrand Montembault  Herbert Smith Freehills is a sponsor of the MSGBC Basin Summit and Local Content Forum taking place in Dakar on 28-30 January 2020. Paris-based Partner Bertrand Montembault will be joining a panel discussion on the business and regulatory environment for operations in the MSGBC Basin, and the event will … Read more

THE REVISED LEGAL FRAMEWORK FOR THE UPSTREAM OIL & GAS INDUSTRY IN SENEGAL

Authors: Stéphane Brabant, Bertrand Montembault, Paul Morton and Etienne Marque INTRODUCTION  Senegal has been at the forefront of the emergence of the MSGBC basin (covering Mauritania, Senegal, the Gambia, Guinea-Bissau and Guinea-Conakry) in the global upstream industry. Accordingly, the new revision to the country’s petroleum legislation has been expected with anticipation. On 1 February 2019, … Read more

THE QUEST FOR A BALANCED HOST GOVERNMENT CONTRACT: AN MSGBC BASIN PERSPECTIVE

Author: Stephane Brabant and Etienne Marque  THE CHANGING LANDSCAPE OF THE OIL AND GAS SECTOR The recent discoveries in the MSGBC basin (covering Mauritania, Senegal, the Gambia, Guinea-Bissau and Guinea-Conakry) have triggered a great deal of hope for the upstream industry, the host States and their populations. Indeed, the development of these fields could potentially contribute … Read more