Country Report
Ethiopia upstream fiscal summary
Report summary
Frontier petroleum exploration province with a relatively simple Production Sharing Contract (PSC) fiscal regime. Companies may negotiate licences directly with the ministry. Royalty rates and profit oil splits are linked to production rates, while cost recovery ceilings are negotiable. The Government has option to participate in any development phases up to a maximum of 15%, and would be carried through the development phase with repayment from the Government's share of profit oil/gas.
Table of contents
- 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
- 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
Tables and charts
This report includes 23 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
- Effective royalty rate - onshore, gas
- Maximum government share - onshore, oil
- Maximum government share - onshore, 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
- Royalty rates
- Marginal and effective rates for oil royalty
- Marginal and effective rates for gas royalty
- Profit sharing
- Marginal and effective share of profit oil
- Marginal and effective share of profit gas
- Assumed terms by location - oil
What's included
This report contains:
Other reports you may be interested in
Country Report
Indonesia upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
Country Report
Somalia upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
Country Report
Togo upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
