Country report
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14 Pages

Uganda upstream fiscal summary


Uganda upstream fiscal summary

Report summary

Production Sharing Contract (PSC)-based fiscal regime.  Royalty rates and profit oil splits between contractor and government are both based on sliding scale linked to production rates.  Cost recovery ceilings are negotiable. The contractor is also liable for income tax.  Signature bonuses are negotiable, and some minor rentals are payable. There is no additional profits tax. The barrel = lifetime revenue / field reserves. Profit = revenue – costs from barrel charts.  For further...

What's included?

This report includes 1 file(s)

  • Uganda upstream fiscal summary PDF - 407.06 KB 14 Pages, 12 Tables, 14 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
      • PSC cost recovery
      • PSC profit sharing
      • Corporate income tax
      • 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
    • Progressivity
    • Fiscal deterrence

In this report there are 26 tables or charts, including:

  • Executive summary
    • Revenue flowchart: Uganda PSC
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Indirect taxes
    • Royalty rates
    • Effective royalty - oil
    • Effective royalty - gas
    • Profit sharing
    • Effective contractor profit share - oil
    • Effective contractor profit share - gas
    • Assumed terms by location - Oil
    • Assumed terms by location - Gas
  • Fiscal stability
    • Timeline
    • Timeline details
  • Economic analysis
    • Economic analysis: Image 1
    • Economic analysis: Image 2
    • Economic analysis: Table 1
    • Economic analysis: Image 3
    • Economic analysis: Image 4
    • Effective royalty rate - Oil
    • Effective royalty rate - Gas
    • Maximum government share - Oil
    • Maximum government share - 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
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