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Upstream operations involving foreign investors are governed by Production Sharing Contract (PSC) terms. The State normally takes a carried 20-50% stake in PSCs and Turkmengaz currently owns 100% of all onshore gas projects, with IOCs contributing on a service basis only. PSC terms vary from contract to contract because of the ad hoc nature of negotiations and the fact that a number of the terms (e.g., bonuses and profit splits) are negotiable items. The level of negotiated...
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Turkmenistan upstream fiscal summary PDF - 359.60 KB 12 Pages, 10 Tables, 13 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.
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Country report | Jun 2016
Turkmenistan upstream fiscal summary
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