Namibia

Navigating Namibia's Orange and Luderitz Basins: Corporate Advisory Playbook for PEL Licensing

This playbook provides a tactical framework for obtaining and managing Petroleum Exploration Licences (PEL) in Namibia's Orange and Luderitz Basins, underpinned by statutory directives outlined in the Petroleum (Exploration and Production) Act, 1991, the Model Petroleum Agreement (MPA), and the Petroleum Taxation Act 1991. It delineates operator obligations, from the initial application to compliance with complex fiscal measures, ensuring optimal legal strategy in light of minimum carried interest mandates for NAMCOR, stringent relinquishment obligations, and the nuanced fiscal landscape shaped by Additional Profits Tax and ring-fencing stipulations.