Production sharing Contract (PSC)-based fiscal regime. Signature bonuses, cost recovery ceiling and profit sharing (linked to the contractor's rate of return (IRR)) are all negotiable, while royalty rates are fixed by government. The contractors liability for income tax is paid by the state. Since the withdrawal of the Spanish colonial government in 1976 Morocco has governed Western Sahara. SADR claims that it has never been a part of the Kingdom of Morocco. Despite growing...
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Western Sahara upstream fiscal summary PDF - 389.29 KB 11 Pages, 11 Tables, 11 Figures
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.
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Effective royalty rate and maximum government share
In this report there are 22 tables or charts, including:
Revenue flowchart: Western Sahara PSC
Current licence, equity and fiscal terms
Bonuses, rentals and fees
Contractor profit share
Assumed terms by location - oil
Split of the barrel - oil
Split of the barrel - gas
Share of profit - oil
Share of profit - gas
Effective royalty rate - onshore
Effective royalty rate - shelf
Effective royalty rate - deepwater
Maximum government share - onshore
Maximum government share - shelf
Maximum government share - deepwater
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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Country report | Jun 2016
Western Sahara upstream fiscal summary
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