Country Report

Qatar upstream fiscal summary

03 August 2017

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03 August 2017

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...

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