- SLR reviewed existing petroleum regulatory structures and institutions within Kenya and formed recommendations based on international best practice as to how best update existing upstream, midstream and downstream regulatory structures and institutions.
- SLR reviewed the Petroleum Act and Model PSC and together with H&W drafted an updated Model PSC.
- SLR provided recommendations as to how existing fiscal instruments could be revised to become more progressive, better balancing the requirements of investors and ensuring Kenya retains a fair share of rents.
- SLR developed an economic model for use by GoK and delivered training in its use.
SLR and H&W delivered a Final Report to GoK in July 2013 which was then distributed to key stakeholder groups for comment.
The Final Report and recommendations were discussed at a stakeholder workshop held in Nairobi and were well received by stakeholder groups who viewed the recommendations as a fair, balanced view of the issues. The GoK has used our advice to guide their update of the National Energy Policy and Petroleum Act.