Tanzania’s oil and gas contract regime, investments and markets

DIIS Working Paper 2017:1

Peter Bofin, Rasmus Hundsbæk Pedersen

Publikation: Working paperForskning

Resumé

This paper analyses the development of Tanzania’s petroleum sector based on a review of laws and contracts. It provides an overview of current upstream activities and discusses the potential for the commercialisation of finds through the increasingly important midstream contracts that govern the use of natural gas. It demonstrates that Tanzania has managed to build institutional capacity over the years, but that it struggles to keep abreast of market signals. As a frontier market it experiences a later surge in exploration activities by international oil companies when oil prices are high when compared to more developed markets. Furthermore, its overstretched institutions are also slow at reacting to such changes. The adjustment of its legal and institutional framework therefore often happens too late, potentially undermining the benefits the country could harvest from the sector. Currently, some adjustment may be needed to make it a driving force in the Tanzanian economy.
OriginalsprogEngelsk
Udgivelses stedCopenhagen
UdgiverDanish Institute for International Studies (DIIS)
Udgave2017: 1
Antal sider45
ISBN (Trykt)9788776058647
StatusUdgivet - 9 feb. 2017
NavnDIIS Working paper
Vol/bind2017:1
ISSN0904-4701

Citer dette

Bofin, P., & Pedersen, R. H. (2017). Tanzania’s oil and gas contract regime, investments and markets: DIIS Working Paper 2017:1. (2017: 1 udg.) Copenhagen: Danish Institute for International Studies (DIIS). DIIS Working paper, Bind. 2017:1
Bofin, Peter ; Pedersen, Rasmus Hundsbæk. / Tanzania’s oil and gas contract regime, investments and markets : DIIS Working Paper 2017:1. 2017: 1. udg. Copenhagen : Danish Institute for International Studies (DIIS), 2017. (DIIS Working paper, Bind 2017:1).
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abstract = "This paper analyses the development of Tanzania’s petroleum sector based on a review of laws and contracts. It provides an overview of current upstream activities and discusses the potential for the commercialisation of finds through the increasingly important midstream contracts that govern the use of natural gas. It demonstrates that Tanzania has managed to build institutional capacity over the years, but that it struggles to keep abreast of market signals. As a frontier market it experiences a later surge in exploration activities by international oil companies when oil prices are high when compared to more developed markets. Furthermore, its overstretched institutions are also slow at reacting to such changes. The adjustment of its legal and institutional framework therefore often happens too late, potentially undermining the benefits the country could harvest from the sector. Currently, some adjustment may be needed to make it a driving force in the Tanzanian economy.",
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Bofin, P & Pedersen, RH 2017 'Tanzania’s oil and gas contract regime, investments and markets: DIIS Working Paper 2017:1' 2017: 1 udg, Danish Institute for International Studies (DIIS), Copenhagen.

Tanzania’s oil and gas contract regime, investments and markets : DIIS Working Paper 2017:1. / Bofin, Peter; Pedersen, Rasmus Hundsbæk.

2017: 1. udg. Copenhagen : Danish Institute for International Studies (DIIS), 2017.

Publikation: Working paperForskning

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Bofin P, Pedersen RH. Tanzania’s oil and gas contract regime, investments and markets: DIIS Working Paper 2017:1. 2017: 1 udg. Copenhagen: Danish Institute for International Studies (DIIS). 2017 feb 9.