Oman upstream fiscal summary Report

Country Report 25 May 2023

This report is currently unavailable

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

Oman issues licenses under a Production Sharing Contract (PSC) regime with several terms negotiated on a contract-by-contract basis with the Ministry of Oil and Gas (MOG). Contracts may be awarded through direct negotiation with the government; periodic license rounds are also held to generate interest. 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.

Basis
Licence Terms
Government equity participation
Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- PSC production sharing
- Ring fencing
- PSC cost recovery
- Base
- Rate (cost fee ceiling)
- Recoverable costs
- 9 more item(s)...
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