Country report
| |
14 Pages

Libya upstream fiscal summary


Libya upstream fiscal summary

Report summary

There are two fiscal regimes in force in Libya: Concession agreements and Exploration and Production Sharing Agreements (EPSA).  EPSAs are fundamentally different in structure to other production sharing contracts in that the government takes a large share of production 'off the top'.  The latest EPSA model contract (EPSA IV) was introduced in 2005.  Following on from the success of the EPSA IV licensing rounds, Libya has been working towards converting existing Concession and early EPSA...

What's included?

This report includes 1 file(s)

  • Libya upstream fiscal summary PDF - 410.78 KB 14 Pages, 15 Tables, 11 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
      • Indirect Taxes
      • Royalty
      • PSC Cost Recovery
      • PSC Profit Sharing
      • Corporate Income Tax
      • Product Pricing
  • Fiscal stability
    • Recent history of fiscal changes
    • Stability Provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
      • Progressivity
    • Fiscal deterrence

In this report there are 26 tables or charts, including:

  • Executive summary
    • Revenue flowchart: Libya PSC
  • Current licence, equity and fiscal terms
    • Current licence, equity and fiscal terms: Table 1
    • Bonuses, rentals and fees
    • Indirect Taxes
    • Current licence, equity and fiscal terms: Table 4
    • Current licence, equity and fiscal terms: Table 5
    • Contractor profit share
    • Summary of modelled terms
  • Fiscal stability
    • Timeline
    • Timeline details
  • Economic analysis
    • 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 - offshore, oil
    • Effective royalty rate - onshore, gas
    • Effective royalty rate - offshore, gas
    • Maximum government share - onshore, oil
    • Maximum government share - offshore, oil
    • Maximum government share - onshore, gas
    • Maximum government share - offshore, 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
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...