Country report
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9 Pages

Malta upstream fiscal summary


Malta upstream fiscal summary

Report summary

Relatively simple Production Sharing Contract (PSC)-based fiscal regime.  No royalty is payable.  Cost recovery ceilings are negotiable with a specified maximum; profit oil splits are also negotiable, based on project profitability.  The contractor is also liable for corporate income tax.   The barrel = lifetime revenue / field reserves. Profit = revenue – costs from barrel charts.  For further details see New Investment: Methodology. Source: Wood Mackenzie

What's included?

This report includes 1 file(s)

  • Malta upstream fiscal summary PDF - 314.71 KB 9 Pages, 11 Tables, 5 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
      • Bonuses, rentals and fees
      • Royalty
      • Indirect taxes
      • PSC cost recovery
      • PSC profit sharing
      • Corporate income tax
      • Product pricing
      • Summary of modelled terms
  • 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
      • Effective royalty rate - deepwater, oil and gas

In this report there are 16 tables or charts, including:

  • Executive summary
    • Revenue flowchart: Malta PSC
  • Current licence, equity and fiscal terms
    • Licence Type
    • Bonuses, rentals and fees
    • Area Rentals
    • Indirect taxes
    • Cost Recovery Ceiling
    • Profit Sharing
    • Assumed terms
    • Malta PSC
  • Fiscal stability
  • Economic analysis
    • Split of the barrel - oil
    • Split of the barrel - gas
    • Share of profit - oil
    • Share of profit - gas
    • Effective royalty rate - shelf, oil and gas
    • Economic analysis: Table 2
    • Maximum government - shelf, oil and gas
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

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