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Ethiopia upstream fiscal summary

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04 July 2018

Ethiopia upstream fiscal summary

Report summary

Frontier petroleum exploration province with a relatively simple Production Sharing Contract (PSC) fiscal regime.  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 10%, and would be carried through the development phase with repayment from the Government's share of profit oil/gas. Split of the Barrel The barrel = lifetime revenue / field...

Table of contents

  • Executive summary
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • 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 24 images and tables including:

  • Revenue flowchart: Ethiopia PSC
  • 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
  • Current licence, equity and fiscal terms: Image 1
  • Current licence, equity and fiscal terms: Image 2
  • Profit sharing
  • Marginal and effective share of profit oil
  • Current licence, equity and fiscal terms: Image 4
  • Assumed terms by location - oil

What's included

This report contains:

  • Document

    Ethiopia upstream fiscal summary

    PDF 307.01 KB

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