Country Report

Malta upstream fiscal summary

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28 June 2018

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

Table of contents

  • Executive summary
    • 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
    • Recent history of fiscal changes
    • Stability provisions
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
      • Effective royalty rate - deepwater, oil and gas

Tables and charts

This report includes 16 images and tables including:

  • Revenue flowchart: Malta PSC
  • Licence Type
  • 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
  • Bonuses, rentals and fees
  • Area Rentals
  • Indirect taxes
  • Cost Recovery Ceiling
  • Profit Sharing
  • Assumed terms
  • Malta PSC
  • Economic analysis: Table 2
  • Maximum government - shelf, oil and gas

What's included

This report contains:

  • Document

    Malta upstream fiscal summary

    PDF 234.63 KB

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