Name: Malta upstream fiscal summary
Brand: Wood Mackenzie
SKU: 20316
Price: 1650 USD
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Author: Wood Mackenzie

Country Report 09 May 2024

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Malta’s production sharing contract is relatively simple. There is no royalty payable and cost recovery is negotiable up to a maximum rate. Profit splits are negotiable based on a dual sliding-scale linked to project profitability and production rates. Contractors are liable for corporate income tax. We consider the Malta regime to be stable as there have been few fiscal changes and open acreage is awarded through direct negotiation.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Basis
    </li>

<li class="list__item-toggle">
        <a href="#6a5a7ab5-49e9-4bd6-968f-187ba633f668" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="6a5a7ab5-49e9-4bd6-968f-187ba633f668" aria-expanded="false">
            Licence terms
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        <ul id="6a5a7ab5-49e9-4bd6-968f-187ba633f668" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Relinquishment
    </li>

</ul>
    </li>

<li class="list__item-toggle font-semibold">
        Government equity participation
    </li>

<li class="list__item-toggle">
        <a href="#8401c392-46e5-4727-8af2-efffa267b0b9" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="8401c392-46e5-4727-8af2-efffa267b0b9" aria-expanded="false">
            Fiscal terms
        </a>
        <ul id="8401c392-46e5-4727-8af2-efffa267b0b9" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Ring fencing
    </li>
    <li class="push-quarter--bottom">
        Bonuses, rentals and fees
    </li>
    <li class="push-quarter--bottom">
        Royalty
    </li>
    <li class="push-quarter--bottom">
        Indirect taxes
    </li>
    <li class="push-quarter--bottom">
        PSC cost recovery
    </li>
    <li class="push-quarter--bottom">
        Basis
    </li>
    <li class="push-quarter--bottom">
        Deductions
    </li>
    <li class="push-quarter--bottom">
        PSC profit sharing
    </li>

<li class="list__item-toggle font-semibold">
        Recent history of fiscal changes
    </li>

<li class="list__item-toggle font-semibold">
        Stability provisions
    </li>

<li class="list__item-toggle font-semibold">
        Split of the barrel and share of profit
    </li>

<li class="list__item-toggle font-semibold">
        Effective royalty rate and maximum government share
    </li>

<li class="list__item-toggle font-semibold">
        Progressivity
    </li>

<li class="list__item-toggle font-semibold">
        Fiscal deterrence
    </li>

</ul>

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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">Licence Type</li><li class="list__item push-quarter--bottom">Timeline detail</li><li class="list__item push-quarter--bottom">Split of the barrel - oil</li>
     </ul>
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            View more tables and charts in this report
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        <ul class="list list--bullets panel-toggle" id="9731cddc13e24b13a890dbfcb43340aa">
            <li class="list__item push-quarter--bottom">Split of the barrel - gas</li><li class="list__item push-quarter--bottom">Share of profit - oil</li><li class="list__item push-quarter--bottom">Share of profit - gas</li><li class="list__item push-quarter--bottom">Effective royalty rate - shelf, oil and gas</li><li class="list__item push-quarter--bottom">Effective royalty rate - deepwater, oil and gas</li><li class="list__item push-quarter--bottom">Maximum government - shelf, oil and gas</li><li class="list__item push-quarter--bottom">Maximum government - deepwater, oil and gas</li><li class="list__item push-quarter--bottom">State share versus pre-share IRR - oil</li><li class="list__item push-quarter--bottom">State share versus pre-share IRR - gas</li>
                <li>10 more item(s)...</li>
        </ul>
        
    </div>

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<div class="col small-12 large-4 push--bottom">
                    
<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Malta upstream fiscal summary</p>
<p class="uppercase delta">
    <span>PDF</span>
    <span>1.10 MB</span>
</p>
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