Country report

Ethiopia 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 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...

What's included

This report contains

  • Document

    Ethiopia upstream fiscal summary

    PDF 387.15 KB

Table of contents

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

Tables and charts

This report includes 24 images and tables including:

Images

  • Revenue flowchart: Ethiopia PSC
  • Timeline
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - 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
  • Current licence, equity and fiscal terms: Image 1
  • Current licence, equity and fiscal terms: Image 2
  • Marginal and effective share of profit oil
  • Current licence, equity and fiscal terms: Image 4

Tables

  • Timeline details
  • Effective royalty rate - onshore, oil
  • Effective royalty rate - onshore, gas
  • Maximum government share - onshore, oil
  • Maximum government share - onshore, gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • Royalty rates
  • Profit sharing
  • Assumed terms by location - oil

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