Country report

Egypt upstream fiscal summary

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Report summary

Upstream licences in Egypt are awarded through licensing rounds under production sharing contract terms (PSCs). Within the PSC regime signature bonus production bonus cost recovery ceiling excess cost recovery share and contractor profit share are all biddable parameters. Royalty and income tax are paid by the state from its share of profits.The state does not have any equity participation within the PSC regime but is able to exert significant control over the field developments through a 50% ownership in the joint venture operating company.

What's included

This report contains

  • Document

    Egypt upstream fiscal summary

    PDF 419.95 KB

Table of contents

  • Executive summary
  • Current licence, equity and fiscal terms
  • Fiscal stability
  • Economic analysis

Tables and charts

This report includes 27 images and tables including:

Images

  • Revenue flowchart: Egypt PSC
  • Timeline
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - 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
  • Contractor profit share (oil)
  • Contractor profit share (gas)

Tables

  • Timeline details
  • Effective royalty rate - onshore, oil and gas
  • Effective royalty rate - shelf, oil and gas
  • Effective royalty rate - deepwater, oil and gas
  • Maximum government share - onshore, oil and gas
  • Maximum government share - shelf, oil and gas
  • Maximum government share - deepwater, oil and gas
  • Bonuses, rentals and fees
  • Indirect Taxes
  • Cost Recovery
  • Profit Sharing - onshore
  • Profit Sharing - shelf
  • Profit Sharing - deepwater
  • Assumed terms by location - oil
  • Assumed terms by location - gas

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