São Tomé, São Tomé & Príncipe, 18-22 June 2018 – São Tomé is currently awarding exploration licenses to oil companies which could potentially lead to discoveries and production of oil in the country. To raise awareness and equip Santomean lawyers to better negotiate and manage related contracts, the ALSF supported a training on the relevant basic operational aspects, the underlying contractual arrangements, legal frameworks and regulatory aspects; including bidding and licensing documents in the oil and gas sub-sector.
This training was rich and informative. It covered in-depth analyses of relevant model agreements and provided for mock negotiations, during which participants were split into teams representing the international oil companies, national oil company and the Government and had to enter negotiations with each other on several relevant issues. Relevant environmental and social issues were also discussed, and a special focus was given to the local content obligations included in oil and gas agreements, which focus on the provision of services in the sector by Santomean professionals.
Participants commended the practical nature of the training. The skills acquired will be essential in helping the country negotiate fair contracts, and in so doing reap the benefits of the potential oil production phase, ensuring that such rewards remain within the country and contribute to the development and wellbeing of the people of São Tomé and Príncipe.
The African Legal Support Facility is an international organization hosted by the African Development Bank Group. The Facility is dedicated to providing legal advice and technical assistance to African countries in their negotiation of complex commercial transactions, creditor litigation and other related sovereign transactions. The ALSF also develops and proposes innovative tools for capacity building and knowledge management.
Contact: Timothy Wasswa Kabugo, African Legal Support Facility, email@example.com