Marbled board covers from a 19th-century atlas of geological and geodetic maps.

Periplus Research

Sectors & Geographies

Periplus’s interlocutor networks operate locally across Africa, the Middle East, and South, Central, and Southeast Asia. Several thousand standing interlocutors, engaged in their own languages and held in relationships built over years, each open onto the wider networks around them, reaching ministerial, regulatory, and provincial levels alike, where decisions are executed, consent is won or withheld, and outcomes are determined. The networks are composed to reflect how a society is actually ordered—across its regions, its languages, and the lines along which power and trust run—so that what is read is not one vantage but several. Mandates are built by selecting the jurisdictions, sectors, counterparties, corridors, ports, and administrative layers where the client’s question sits, and deploying interlocutors who reach that level.

  • A spectrum award or licence renewal turns on which faction inside the ministry currently controls the decision, and on commitments made long before the tender opens. The published process describes the decision; relationships decide it. Periplus establishes whether a licence will clear before a competitor moves, whether a regulatory ruling survives the next reshuffle, and whether a counterparty’s claimed access to the ministry is real.

  • A licence can be flawless on paper and dead on the ground—blocked by a community, a governor, or a traditional authority whose consent was never formally required and never actually given. Royalty terms, local-content obligations, and access itself are settled in that register, not the cadastre. Periplus reads where consent actually sits, and whether it holds when the price moves or the government changes.

  • A production-sharing agreement is governed less by its own terms than by the national oil company’s internal factions and its standing with the host ministry. When that balance shifts, through a new minister or a fallen patron, cost recovery, lifting schedules, and renegotiation pressure follow. Periplus maps the people and alignments inside the NOC who determine whether the contract is honoured as signed.

  • Ministerial approval is not sovereign consent, and a signed offtake is only as good as the political settlement beneath it. Grid-connection priority, tariff stability, and currency-conversion guarantees rest on commitments that outlast the officials who made them, or do not. Periplus assesses whether a project’s foundations survive the holding period, the election after next, and the realignment no one has priced.

  • A cargo’s paperwork and a counterparty’s balance sheet describe a trade; whether the goods are what the documents say, and whether the name behind the structure can perform, is settled at origin and in the relationships the file never shows. A chain certified clean on paper can run through intermediaries and borders where the documented picture and the real one diverge. Periplus establishes who stands behind a counterparty, whether origin holds when tested, and where the real exposure lies.

  • What clears a port and what sits for weeks is decided beneath the concession agreement, by port authorities, customs officials, and the networks that govern movement in practice. A corridor’s economics can be rewritten by one official’s discretion or a rival’s protection. Periplus works the layer where freight actually moves, mapping who controls clearance, access, and the chokepoints that never appear on the route map.

  • An infrastructure asset cannot be sold the morning the politics turn; the capital is committed for a generation, across governments not yet formed. Whether the sovereign relationships and regulatory bargains underwriting it will survive that span is the question allocation models leave open. Periplus tests those foundations before commitment, and watches them after.

  • A sovereign’s willingness to accept a haircut, hold a standstill, or reopen a deal after signing is set by domestic politics and creditor-committee dynamics that move faster than the restructuring itself. Bilateral pressure—Beijing, the Gulf, Paris Club capitals—often weighs more than the fiscal arithmetic. Periplus reads the internal positioning that decides whether a sovereign settles, stalls, or defects, ahead of the official process.

  • Before a distressed asset or claim is acquired, the decisive question is not the discount but the recovery: whether value can actually be reached once nominees, kin, and political sponsors stand between the creditor and the assets. A position that looks cheap against face value can be worthless against what is collectable. Periplus assesses recoverability before acquisition—where value rests, who guards it, and whether the path to it is real.

  • An award is won on facts and witnesses the procedural file rarely surfaces, and collected, if at all, in an enforcement environment fixed long before the hearing. Whether a witness can be reached, whether assets survive the years to award, and whether the relationships around a dispute hold are questions of intelligence, not pleading—and they set the return for funder and counsel alike. Periplus develops what process cannot reach—and for funders, the collectability question that decides whether a case is worth backing, assessed before the cost of full diligence is committed.

In-Country Networks

Sub-Saharan Africa

Middle East & North Africa

Central Asia & Caucasus

South & Southeast Asia