Country Report

Eritrea upstream summary

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01 February 2013

Eritrea upstream summary

Report summary

UpstreamLicences in Eritrea are governed by the terms of a production sharing contract (PSC).The latest model PSC was issued in 2006. The structure of the PSC is as follows:Royalty : based on daily production Cost Recovery: recovery of operating and capital costs from production remaining after deduction of royalty Profit Oil: distribution of remaining production between the contractor and state according to a production-based mechanismCorporate Income Tax: levied on the contractor's ...

Table of contents

  • Key facts
    • Overview
    • Current fiscal terms
      • Upstream
      • Mid/Downstream
    • Current Fiscal Terms
      • Production Sharing Contracts
      • Bonuses, rentals and fees
      • Royalty and other production taxes
      • Export duty
      • Environmental/CO2 taxes
      • Other production taxes
      • Domestic market obligation (DMO)
      • Contractor revenue entitlement
      • Product Pricing
      • PSC cost recovery
      • PSC profit sharing
      • Corporate Income Tax
      • Sample Cash Flow

Tables and charts

This report includes 9 images and tables including:

  • Key facts: Table 1
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Fiscal terms: Table 4
  • Fiscal terms: Table 5
  • Fiscal terms: Table 6
  • Fiscal terms: Table 7
  • GEM models

What's included

This report contains:

  • Document

    Country Overview

    PDF 284.46 KB

  • Document

    Country Overview

    XLS 416.00 KB

  • Document

    Country Overview

    ZIP 655.41 KB

  • Document

    Key facts

    PDF 65.92 KB

  • Document

    Location maps

    PDF 52.50 KB

  • Document

    Geology

    PDF 52.75 KB

  • Document

    Exploration

    PDF 52.49 KB

  • Document

    Reserves and resources

    PDF 52.87 KB

  • Document

    Production

    PDF 52.48 KB

  • Document

    Infrastructure

    PDF 52.50 KB

  • Document

    Policy and regulation

    PDF 52.50 KB

  • Document

    Fiscal terms

    PDF 120.46 KB

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