Country report
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14 Pages

Egypt upstream fiscal summary


Egypt upstream fiscal summary

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 includes 1 file(s)

  • Egypt upstream fiscal summary PDF - 419.95 KB 14 Pages, 15 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
      • PSC Cost Recovery
      • PSC Profit Sharing
      • Corporate Income Tax
      • Fiscal treatment of decommissioning
      • Product Pricing
      • Summary of modelled terms
  • 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 27 tables or charts, including:

  • Executive summary
    • Revenue flowchart: Egypt PSC
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Indirect Taxes
    • Cost Recovery
    • Profit Sharing - onshore
    • Profit Sharing - shelf
    • Profit Sharing - deepwater
    • Contractor profit share (oil)
    • Contractor profit share (gas)
    • Assumed terms by location - oil
    • Assumed terms by location - gas
  • Fiscal stability
    • Timeline
    • Timeline details
  • 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
    • 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
    • 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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