Country Report
Qatar upstream fiscal summary
Report summary
Production Sharing Contract (PSC) fiscal system. No royalty is payable. Cost recovery ceilings are negotiable, with the government then taking a 90% share of excess cost oil. Profit oil splits are also negotiable, and may be based either on project profitability or production rates, or both. The NOC meets the contractor's income tax liability from profit share. Split of the Barrel The barrel = lifetime revenue / field reserves. Profit = revenue – costs from barrel charts. For...
Table of contents
- Basis
- Licence Terms
- Government equity participation
-
Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Corporate income tax
- Ring fencing
- Base
- Rate
- Payment schedule
- 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 15 images and tables including:
- 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
- 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
- Assumed terms by location - oil
What's included
This report contains:
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