Country report

Yemen upstream fiscal summary

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Report summary

Production Sharing Contract (PSC) based fiscal regime. The Yemen Oil Company (YOC) has the right to take a carried equity interest of between 5% and 25% upon a commercial discovery. Royalty and production sharing splits are determined by production rates. Cost recovery ceilings are variable and a range of bonuses rentals and fees are payable. Government efforts to promote gas exploration and develop a domestic gas market have seen the most recent generation of PSCs begin to outline...

What's included

This report contains

  • Document

    Yemen upstream fiscal summary

    PDF 388.35 KB

Table of contents

  • Executive summary
  • Current licence, equity and fiscal terms
  • Fiscal stability
  • Economic analysis

Tables and charts

This report includes 21 images and tables including:


  • Revenue flowchart - Yemen PSC
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • State share versus pre-share IRR - oil
  • State share versus pre-share IRR - gas
  • Economic analysis: Image 7
  • Investor IRR versus pre-share IRR - gas
  • Contractor profit share - liquids
  • Contractor profit share - 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
  • Bonuses, rentals and fees
  • Indirect taxes
  • Royalty rate
  • Profit sharing
  • Assumed terms by location - oil
  • Assumed terms by location - gas

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