Country Report

United Arab Emirates upstream fiscal summary

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04 July 2018

United Arab Emirates upstream fiscal summary

Report summary

Negotiations for exploration and production acreage are conducted directly with the Governments of the individual Emirates or with the Petroleum Councils where they exist.  Detailed fiscal terms are negotiable on a case-by-case basis.  Although rare, a direct state participation option is limited to Abu Dhabi and Sharjah where the State can exercise a participation option of up to 60%; to date, this option has only been exercised on three occasions. The concession-based fiscal regimes are...

Table of contents

  • Executive summary
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring fencing
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • Corporate income tax
      • Product pricing
      • Summary of modelled terms
    • Recent history of fiscal changes
    • Stability Provisions
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence

Tables and charts

This report includes 18 images and tables including:

  • Revenue flowchart – UAE Concession
  • Timeline
  • Timeline details
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • Effective royalty rate and minimum state share - Oil
  • Effective royalty rate and minimum state share - 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
  • Bonuses, rentals and fees
  • Indirect taxes
  • Assumed terms by location - oil

What's included

This report contains:

  • Document

    United Arab Emirates upstream fiscal summary

    PDF 268.09 KB

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