Country report
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12 Pages

Lebanon upstream fiscal summary


Lebanon upstream fiscal summary

Report summary

A Production Sharing Contract (PSC) based regime with some biddable and some fixed components. Royalty rates are fixed; cost recovery ceiling is biddable and profit share is based on biddable rates and tiers. Corporate income tax is levied on the contractor. Political uncertainty may affect the smooth running of the current license round and may be a factor for investors to consider.


What's included?

This report includes 1 file(s)

  • Lebanon upstream fiscal summary PDF - 349.84 KB 12 Pages, 11 Tables, 12 Figures

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Current licence, equity and fiscal terms
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring Fencing
      • Royalty
      • PSC cost recovery
      • PSC profit sharing
      • Corporate income tax
      • Fiscal treatment of decommissioning
      • Product Pricing
  • Fiscal stability
    • Stability provisions
  • Economics analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence

In this report there are 23 tables or charts, including:

  • Executive summary
    • Revenue flowchart - Lebanon PSC
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Indirect taxes
    • Current licence, equity and fiscal terms: Table 3
    • Liquids royalty rate (%)
    • Current licence, equity and fiscal terms: Table 4
    • Contractor profit share (%)
    • Summary of modelled terms
    • Current licence, equity and fiscal terms: Table 6
  • Fiscal stability
    • Recent history of fiscal changes
    • Fiscal stability: Table 1
  • Economics analysis
    • Split of the barrel - oil
    • Split of the barrel - gas
    • Share of profit - oil
    • Share of profit - gas
    • Effective royalty rate and minimum state share
    • Economics analysis: Table 2
    • Economics analysis: Table 3
    • Economics analysis: Table 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
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