Country Report
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.
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Bonuses, rentals and fees
- Indirect Taxes
- Royalty
- PSC production sharing
- Ring fencing
- PSC Cost Recovery
- Base
- Rate (cost recovery ceiling)
- Recoverable costs
- Unrecovered costs
- Excess cost recovery
- PSC Profit Sharing
- Base
- Rate
- Payment schedule
- Corporate Income Tax
- Fiscal treatment of decommissioning
- Product Pricing
- Summary of modelled terms
- Recent history of fiscal changes
- Stability Provisions
- Split of the barrel and share of profit
- Effective royalty rate and maximum government share
- Progressivity
- Fiscal deterrence
Tables and charts
This report includes 26 images and tables including:
- Timeline
- Timeline details
- 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
- 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
What's included
This report contains:
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