Country report

Oman upstream fiscal summary

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Report summary

Oman has a relatively standard form of Production Sharing Contract (PSC) fiscal regime with commercial terms negotiated on a contract by contract basis with the Ministry of Oil and Gas. Profit oil splits may be fixed or on a sliding scale based upon production rates. Corporate income tax is paid on the contractors behalf by the government. A range of bonuses rentals and fees are payable.

What's included

This report contains

  • Document

    Oman upstream fiscal summary

    PDF 386.31 KB

Table of contents

  • Executive summary
    • Licence Terms
    • Government equity participation
      • Ring Fencing
      • Bonuses, rentals and fees
      • 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
    • Progressivity
    • Fiscal deterrence

Tables and charts

This report includes 28 images and tables including:

Images

  • Executive summary: Image 1
  • Fiscal stability: Image 1
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - 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

Tables

  • Effective royalty rate and minimum state share - onshore,oil
  • Effective royalty rate and minimum state share - shelf,oil
  • Effective royalty rate and minimum state share - deepwater,oil
  • Effective royalty rate and minimum state share - onshore, gas
  • Effective royalty rate and minimum state share - shelf, gas
  • Effective royalty rate and minimum state share - deepwater, gas
  • Maximum government share – onshore, oil
  • Maximum government share – shelf, oil
  • Maximum government share – deepwater, oil
  • Maximum government share – onshore, gas
  • Maximum government share – shelf, gas
  • Maximum government share – deepwater, gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • Cost recovery
  • Contractor profit share
  • Assumed terms by location - oil
  • Assumed terms by location - gas

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