Country report
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20 Pages

Tunisia upstream fiscal summary


Tunisia upstream fiscal summary

Report summary

There are currently two main types of contract operating in Tunisia, concessions, in which the contractor pays royalty and taxes to the state, and production sharing contracts (PSCs). New permit applicants can apply for either a tax/royalty or a PSC based agreement. The concession-based fiscal regime features both royalty and corporate income tax rates linked to project profitability. The state also takes a 50% equity interest in projects.   The barrel = lifetime revenue / field...

What's included?

This report includes 1 file(s)

  • Tunisia upstream fiscal summary PDF - 502.84 KB 20 Pages, 16 Tables, 22 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
      • Concession terms
      • PSA terms
    • Fiscal terms
      • Ring fencing
        • Concession Terms
        • PSA Terms
      • Royalty
        • Concession Terms
        • PSA Terms
      • PSC cost recovery
      • PSC profit sharing
      • Corporate income tax
        • Concession Terms
        • PSA Terms
      • Product pricing
      • Summary of modelled terms
  • Fiscal stability
    • Recent history of fiscal changes
      • Timeline
      • Timeline details
    • Stability provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
      • Concession terms
      • PSA terms
      • Concession terms
      • PSA terms
    • Progressivity
      • Concession terms
      • State share versus Pre-Share IRR - oil
      • PSA terms
    • Fiscal deterrence
      • Concession terms
      • Investor IRR versus Pre-Share IRR - gas
      • PSA terms

In this report there are 38 tables or charts, including:

  • Executive summary
    • Revenue flowchart: Tunisia Concession
    • Revenue flowchart: Tunisia PSA
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Indirect taxes
    • Current licence, equity and fiscal terms: Table 3
    • Royalty rate
    • Current licence, equity and fiscal terms: Table 4
    • Current licence, equity and fiscal terms: Table 5
    • Contractor profit share
    • Current licence, equity and fiscal terms: Table 6
    • Income tax rate
    • Concession terms
    • Current licence, equity and fiscal terms: Table 8
    • PSA terms
  • Fiscal stability
    • Fiscal stability: Image 1
    • Fiscal stability: Table 1
  • Economic analysis
    • Split of the barrel - oil
    • Economic analysis: Image 2
    • Share of profit - oil
    • Share of profit - gas
    • Split of the barrel - oil
    • Economic analysis: Image 6
    • Share of profit - oil
    • Share of profit - gas
    • Effective royalty rate and minimum state share
    • Effective royalty rate - onshore, Oil
    • Effective royalty rate - offshore, Oil
    • Maximum government share and maximum state share
    • Maximum government share - onshore, Oil
    • Maximum government share - offshore, Oil
    • Economic analysis: Image 9
    • State share versus Pre-Share IRR - gas
    • State share versus Pre-Share IRR - oil
    • State share versus Pre-Share IRR - gas
    • Investor IRR versus Pre-Share IRR - oil
    • Economic analysis: Image 14
    • Investor IRR versus Pre-Share IRR - oil
    • Investor IRR versus Pre-Share IRR - gas
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