Country report

Georgia upstream fiscal summary

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Report summary

Early agreements in Georgia were Joint Ventures under royalty/tax fiscal terms but all contracts are now Production Sharing Contracts (PSCs). Existing PSCterms and conditions in particular profit splits vary from contract to contract depending on when and how they were negotiated. Under the terms of the PSC costs are recovered and profits allocated on a conventional fixed production sharing basis. In recent contracts the only Government take is through the profit split calculation ...

What's included

This report contains

  • Document

    Georgia upstream fiscal summary

    PDF 347.76 KB

Table of contents

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

Tables and charts

This report includes 16 images and tables including:


  • Revenue flowchart: Georgia PSC
  • Timeline
  • Split of the barrel - oil
  • Economic analysis: Image 2
  • Economic analysis: Image 3
  • Economic analysis: Image 4
  • 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


  • Timeline details
  • Effective royalty rate - oil and gas
  • Maximum government share – oil and gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • Assumed terms by location

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