Country Report
Yemen upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Upstream licences in Yemen are awarded under production sharing contracts (PSCs). Licences are awarded either by direct negotiations or by a formal bid round. Under the PSC regime, signature bonus, production bonus, cost recovery ceiling, excess cost recovery share and contractor profit share are all biddable parameters. Royalty rates are fixed and linked to daily production. Profit sharing rates are linked to daily production. Income tax is paid by the state from it's share of profits.
Table of contents
- Basis
- Licence Terms
- Government equity participation
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Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- PSC production sharing
- Ring fencing
- PSC cost recovery
- Base
- Rate (cost recovery ceiling)
- 10 more item(s)...
- 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 the following images and tables:
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Split of the barrel - oilSplit of the barrel - gasShare of profit - oil
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Share of profit - gasEffective royalty rate and minimum state share - OilEffective royalty rate and minimum state share - GasMaximum government share – OilMaximum government share – GasState share versus pre-share IRR - oilState share versus pre-share IRR - gasInvestor IRR versus pre-share IRR - oilInvestor IRR versus pre-share IRR - gas
- 8 more item(s)...
What's included
This report contains:
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