Related Articles
South Africa may pass the UPRD in 2021
Forward article link
Share PDF with colleagues

Legislative delays plague South Africa’s upstream

Sizeable offshore potential and growing gas demand may not be enough to offset the difficulties

Regulatory uncertainty continues to hinder South Africa’s upstream ambitions, with investors waiting for clarity on new legislation before committing. The sector is subject to the general Mineral & Petroleum Resources Development Act (MPRDA), amendments to which have been “stalled since 2014...resulting in a high level of uncertainty”, while the act in its existing form is “ambiguous”, according to consultancy Fitch Solutions. Pretoria has drafted replacement legislation for the oil and gas sector in the form of the Upstream Petroleum Resources Development (UPRD) Bill. Strategic reserves Draft provisions include allowing the state—through NOC PetroSA—the option to acquire up to 20pc

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Bangladesh hails Henry Hub linkage in US LNG deal
4 August 2021
South Asian importer hopes for price advantage compared with Brent
ExxonMobil announces 2021 Power Play finalists and community voting
4 August 2021
Sixteen outstanding professionals are up for awards across four categories, with community voting now open
BP’s Angolan JV could provide future template
3 August 2021
The major’s pooling of non-core resources with Italy’s Eni may be a model moving forward
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video