Country report
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14 Pages

Algeria upstream fiscal summary


Algeria upstream fiscal summary

Report summary

The vast majority of existing contracts in Algeria are under Production Sharing Contracts.  However, since the ratification of the 2005 Hydrocarbon Law all new permits are offered under concession terms.  The concession terms comprise a relatively simple royalty/tax system, with an additional profits tax (called Petroleum Revenue Tax).  The NOC Sonatrach retains the option to assume 51% equity in all future commercial developments; Sonatrach is carried through the exploration phase, but...

What's included?

This report includes 1 file(s)

  • Algeria upstream fiscal summary PDF - 432.20 KB 14 Pages, 13 Tables, 12 Figures

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Current licence, equity and fiscal terms
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring Fencing
      • Bonuses, rentals and fees
      • Indirect Taxes
      • Royalty
      • Additional Profits Tax
      • Corporate Income Tax
        • Corporate income tax
      • Product Pricing
  • Fiscal stability
    • Recent history of fiscal changes
    • Stability Provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence

In this report there are 25 tables or charts, including:

  • Executive summary
    • Revenue flowchart: Algeria Concession
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Indirect Taxes
    • Royalty rates
    • Minimum royalty rate
    • Current licence, equity and fiscal terms: Table 4
    • Current licence, equity and fiscal terms: Table 5
    • Current licence, equity and fiscal terms: Table 6
    • Current licence, equity and fiscal terms: Table 7
    • Current licence, equity and fiscal terms: Image 2
    • Summary of modelled terms
  • Fiscal stability
    • Timeline
    • Timeline detail
  • Economic analysis
    • Split of the barrel - oil
    • Split of the barrel - gas
    • Share of profit - oil
    • Share of profit - gas
    • Effective royalty rate - onshore, oil and gas
    • Effective royalty rate - shelf , oil and gas
    • Maximum government share - onshore, oil and gas
    • Maximum government share –shelf, oil and gas
    • State share versus Pre-Share IRR - oil
    • State share versus Pre-Share IRR - gas
    • Investor IRR versus Pre-Share IRR - oil
    • Investor IRR versus Pre-Share IRR - gas
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