Senegal: New petroleum code


Issue 385 - 31 Jan 2019 | 1 minute read

A special session of the National Assembly approved a new petroleum code on 24 January. Law 01/2019 replaces the previous code drafted in 1998, which has been revised to take account of Senegal’s offshore oil and gas discoveries since 2014. The law includes local content provisions, and provides for Société des Pétroles du Sénégal (Petrosen) to take a minimum 10% paid interest in all contracts.

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