Country report
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9 Pages

Qatar upstream fiscal summary


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...

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This report includes 1 file(s)

  • Qatar upstream fiscal summary PDF - 338.73 KB 9 Pages, 7 Tables, 9 Figures

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Current licence, equity and fiscal terms
    • Basis
    • Licence Terms
    • Government equity participation
    • Fiscal terms
      • Ring Fencing
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • Corporate income tax
      • Fiscal treatment of decommissioning
      • Product Pricing
      • Summary of modelled terms
  • Fiscal stability
    • Recent history of fiscal changes
    • Stability provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Fiscal deterrence

In this report there are 16 tables or charts, including:

  • Executive summary
    • Revenue flowchart - Qatar Concession
  • Current licence, equity and fiscal terms
    • Current licence, equity and fiscal terms: Table 1
    • Indirect taxes
    • Assumed terms by location - oil
  • Fiscal stability
  • Economic analysis
    • Split of the barrel - oil
    • Split of the barrel - gas
    • Share of profit - oil
    • Share of profit - gas
    • Economic analysis: Table 1
    • Economic analysis: Table 2
    • Economic analysis: Table 3
    • Economic analysis: Table 4
    • 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
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