Kenya Oil & Gas Fiscal Regime: An Economic Analysis on Attainment of the Government Objectives
Article from: OGEL 3 (2009), in OGEL Student Special
Abstract
(CEPMLP) The recent discoveries of oil and gas in East Africa's neighbouring countries have draw attention to the Kenya Oil & Gas Fiscal Regime. Despite the marginality of Kenya's hydrocarbons, the Government of Kenya has signed 16 PSCs and planning a licensing round for the remaining 20. The division of profits under the Kenya system has been based on daily production since the embedment of the Model PSC in the Petroleum (Exploration and Production) Act, Cap 308 in 1982. Using a quantitative approach, the paper aims to determine whether the current ...