Rapports

Equatorial Guinea Upstream Fiscal and Regulatory Report - Deepwater Acreage to be Offered in 2016 Round

Rapport
Titre
Equatorial Guinea Upstream Fiscal and Regulatory Report - Deepwater Acreage to be Offered in 2016 Round
950.-EUR
Langue
English
Pages
14
Secteur
Hydrocarbures
Date
Janvier 2016
Pays
Guinée équatoriale
Type de Produit
Market Report
Description du rapport

“Equatorial Guinea Upstream Fiscal and Regulatory Report - Deepwater Acreage to be Offered in 2016 Round”, presents the essential information relating to the terms which govern investment into Equatorial Guinea’s upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state’s take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Equatorial Guinea’s upstream oil and gas investment climate.

Scope

- Overview of current fiscal terms governing upstream oil and gas operations in Equatorial Guinea

- Assessment of the current fiscal regime’s state take and attractiveness to investors

- Charts illustrating the regime structure, and legal and institutional frameworks

- Detail on legal framework and governing bodies administering the industry

- Levels of upfront payments and taxation applicable to oil and gas production

- Information on application of fiscal and regulatory terms to specific licenses

- Outlook on future of fiscal and regulatory terms in Equatorial Guinea

Reasons to buy

- Understand the complex regulations and contractual requirements applicable to Equatorial Guinea’s upstream oil and gas sector

- Evaluate factors determining profit levels in the industry

- Identify potential regulatory issues facing investors in the country’s upstream sector

- Utilize considered insight on future trends to inform decision-making

Table des matières

1 Table of Contents

1 Table of Contents 1

1.1 List of Tables 2

1.2 List of Figures 2

2 Regime Overview 3

3 Fiscal Take Assessment 5

4 Key Fiscal Terms 6

4.1 Upfront Payments 6

4.1.1 Signature Bonus 6

4.1.2 Discovery Bonus 6

4.1.3 Production Bonus 6

4.1.4 Surface Rentals 6

4.1.5 Royalty 6

4.1.6 Training Contributions 7

4.2 Cost Recovery 7

4.2.1 Cost Recovery Limit 7

4.2.2 Recoverable Costs 7

4.3 Profit-Sharing 7

4.4 Direct Taxation 8

4.4.1 Corporate Income Tax 8

4.4.2 Deductions and Depreciation 8

4.4.3 Withholding Tax 8

4.5 Indirect Taxation 8

4.5.1 Import Duty 8

4.5.2 Value Added Tax 8

4.6 State Participation 8

5 Regulation and Licensing 9

5.1 Legal Framework 9

5.1.1 Governing Law 9

5.1.2 Contract Type 9

5.1.3 Title to Hydrocarbons 9

5.2 Institutional Framework 10

5.2.1 Licensing Authority 10

5.2.2 Regulatory Agency 10

5.2.3 National Oil Company 10

5.3 Licensing Process 10

5.3.1 Licensing Rounds 10

5.3.2 Prequalification 11

5.3.3 Bidding 11

5.3.4 Bid Evaluation 11

5.4 License Terms 11

5.4.1 Duration and Relinquishment 11

5.4.2 Exploration Work Obligations 11

5.4.3 Domestic Market Obligations 12

5.4.4 Local Content 12

5.4.5 Natural Gas 12

6 Outlook 13

7 Contact Information 14

Description de l'éditeur

GlobalData is the premier source of actionable insight into the healthcare industry. With the combined expertise of more than 1,000 researchers, market analysts and consultants, we provide high-quality, accurate and transparent industry insight that helps our clients to achieve growth and increase business value.

Combining precision with innovation, our research and consulting solutions ensure our clients stay at the forefront of their markets by integrating accurate market forecasts and analysis on the latest trends and developments with the unrivalled expertise of our analyst teams. Among other benefits, our informed industry perspectives help clients understand how to generate the maximum return from their key markets, identify opportunities from emerging trends, and devise strategies for growth with confidence.

 

Contact:  Partner Supportpartnersupport@globaldata.com

                 Sunil Sethia ssethia@globaldata.com