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...
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.
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Country report | Jun 2016
Libya upstream fiscal summary
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