Frontier petroleum exploration province with a relatively simple Production Sharing Contract (PSC) fiscal regime. Royalty rates, cost recovery ceilings and profit oil splits are all linked to production rates. The Government has the option to participate in any commercial discovery with a participating interest of up to 20% and is carried through the exploration period. Eritrea is a one-party political state, with the ruling People's Front for Democracy and Justice the only party allowed...
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.
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Effective royalty rate and maximum government share
In this report there are 20 tables or charts, including:
Revenue flowchart: Eritrea PSC
Current licence, equity and fiscal terms
Bonuses, rentals and fees
Current licence, equity and fiscal terms: Table 3
Marginal and effective rates for oil royalty
Current licence, equity and fiscal terms: Image 2
Current licence, equity and fiscal terms: Table 4
Current licence, equity and fiscal terms: Table 5
Current licence, equity and fiscal terms: Image 3
Current licence, equity and fiscal terms: Image 4
Summary of modelled terms
Current licence, equity and fiscal terms: Table 7
Split of the barrel - oil
Split of the barrel - gas
Share of profit - oil
Share of profit - gas
Economic analysis: Table 1
Economic analysis: Table 2
Economic analysis: Table 3
Economic analysis: Table 4
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Country report | Jun 2016
Eritrea upstream fiscal summary
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