Fiscal & Legal Working Group
RESPONSIBILITES:
Responsible for drafting the required Model Contracts and Regulations and generally providing advice on legal implementation matters
- Draft Licensing Guidelines for open acreage round # 1
- Develop framework for open acreage licensing round # 1
- Draft priority regulations for Commission and Authority
- Set up royalty based on price framework
- Draft regulations on fiscal gas price for Commission
- Commencement of voluntary conversion of Licenses and Leases
- Replacement of midstream and downstream licenses
- Review Decommissioning and Abandonment Plans
- Review Gas Distribution Licenses
- Review midstream tariffs
- Modify current JV into possible IJVs
- Setting up Decommissioning and Abandonment Funds for Licensees and Lessees which currently have no such funds – Section 246(2).
- Implementation of non-confidentiality provisions – Section 94.
- Voluntary conversion and relinquishment team – Section 103(1) and 104(3).
- Environmental Management assessment team for existing Licensees and Lessees
- Setup of Host Community Development Trusts
