Country Report
Oman upstream fiscal summary
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.
Table of contents
- 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
- Unrecovered costs
- PSC profit sharing
- Base
- Rate
- Payment schedule
- Corporate income tax
- Fiscal treatment of decommissioning
- 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:
- Timeline
- Timeline details
- Split of the barrel - oil
- Split of the barrel - gas
- Share of profit - oil
- Share of profit - gas
- 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
- 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
- Bonuses, rentals and fees
- Indirect taxes
- Cost recovery
- Contractor profit share
- Assumed terms by location - oil
- Assumed terms by location - gas
What's included
This report contains:
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