Country report

Qatar upstream fiscal summary

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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...

What's included

This report contains

  • Document

    Qatar upstream fiscal summary

    PDF 338.73 KB

Table of contents

  • Executive summary
    • Basis
    • Licence Terms
    • Government equity participation
      • Ring Fencing
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • 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
    • Fiscal deterrence

Tables and charts

This report includes 16 images and tables including:

Images

  • Revenue flowchart - Qatar Concession
  • 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

  • Economic analysis: Table 1
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Economic analysis: Table 4
  • Current licence, equity and fiscal terms: Table 1
  • Indirect taxes
  • Assumed terms by location - oil

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