Country report

Eritrea upstream fiscal summary

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Report summary

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...

What's included

This report contains

  • Document

    Eritrea upstream fiscal summary

    PDF 397.26 KB

Table of contents

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

Tables and charts

This report includes 20 images and tables including:

Images

  • Revenue flowchart: Eritrea PSC
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • Marginal and effective rates for oil royalty
  • Current licence, equity and fiscal terms: Image 2
  • Current licence, equity and fiscal terms: Image 3
  • Current licence, equity and fiscal terms: Image 4

Tables

  • Economic analysis: Table 1
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Economic analysis: Table 4
  • Bonuses, rentals and fees
  • Indirect taxes
  • Current licence, equity and fiscal terms: Table 3
  • Current licence, equity and fiscal terms: Table 4
  • Current licence, equity and fiscal terms: Table 5
  • Summary of modelled terms
  • Current licence, equity and fiscal terms: Table 7

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