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Egypt Upstream Fiscal and Regulatory Report - Flexibility on Fiscal and Contractual Terms Likely To Continue Driving Investment Despite IOC Arrears

Egypt Upstream Fiscal and Regulatory Report - Flexibility on Fiscal and Contractual Terms Likely To Continue Driving Investment Despite IOC Arrears

Summary

“Egypt Upstream Fiscal and Regulatory Report - Flexibility on Fiscal and Contractual Terms Likely To Continue Driving Investment Despite IOC Arrears”, presents the essential information relating to the terms which govern investment into Egypt’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 Egypt’s upstream oil and gas investment climate.

Scope

  • Overview of current fiscal terms governing upstream oil and gas operations in Egypt
  • 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 Egypt
Reasons to buy
  • Understand the complex regulations and contractual requirements applicable to Egypt’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


  • Regime Overview
    • Table Summary
    • Table Figure 1: Regime Flow Chart - Production Sharing Agreement
    • Table Figure 2: Regime Flow Chart - Service Contract
  • State Take Assessment
    • Table Figure 3: Egypt, Indicative NPV10/boe, IRR and State Take Comparison - Internal, 2016
    • Table Figure 4: Egypt, Indicative NPV10/boe, IRR and State Take Comparison - Regional, 2016
  • Key Fiscal Terms - Production Sharing Agreements
    • Bonuses
      • Signature Bonus
      • Production Bonus
        • Table Egypt, Production Bonuses, Recent Bidding Rounds 2014-2016
        • Table Egypt, Production Bonuses (US$ million), EGPC Concessions
      • Training Bonus
      • Assignment Bonus
      • Exploration Area Retention Bonus
      • Development Lease Bonus
    • Royalty
    • Cost Recovery
      • Cost Recovery Limit
        • Table Egypt, Cost Recovery Rates (%), Various Concessions
      • Recoverable Costs
      • Excess Cost Recovery
        • Table Egypt, Minimum NOC Share of Excess Cost Recovery Rates (%), Bid Rounds 2014 -2016
        • Table Egypt, Blocks Under Minimum Excess Cost Recovery Rates, EGAS Bid Rounds 2012 and 2013
    • Profit Sharing
      • EGPC Agreements
        • Table Egypt, Production Sharing Framework (% Contractor Share), Crude Oil and Condensate, EGPC 2016 Licensing Round
        • Table Egypt, Production Sharing Framework (% Contractor Share), Gas and LPG, EGPC 2016 Licensing Round
        • Table Egypt, EGPC Profit Sharing Framework, El Ras Qattara Concession, 2004
        • Table Egypt, EGPC Model Contract Profit Sharing Framework, 2003 and 2004
        • Table Egypt, EGPC Profit Sharing Framework, NW Gemsa Concession, 2002
        • Table Egypt, EGPC Profit Sharing Framework, Burg El Arab, Concession, 1990
      • EGAS Agreements
        • Table Egypt, Production Sharing Framework (% Contractor Share), EGAS 2015 Licensing Round
        • Table Egypt, EGAS Profit Sharing Framework, Gas and LPG, South Dissouq Concession, 2014
        • Table Egypt, Production Sharing Framework (% Contractor Share), Shorouk Offshore Area, EGAS 2012 Licensing Round
        • Table Egypt, EGAS Profit Sharing Framework, North El Maghara Concession, 2007
      • GANOPE Agreements
        • Table Egypt, Production Sharing Framework (% Contractor Share), GANOPE 2014 Licensing Round
        • Table Egypt, Production Sharing Framework (% Contractor Share), Gas and LPG, GANOPE 2014 Licensing Round
    • Direct Taxation
      • Income Tax
      • Deductions and Depreciation
    • Customs Duties
  • Key Fiscal Terms - Service Contract
    • Signature Bonus
    • Tariff Fee
      • Table Egypt, Tariff Fee, EGPC West Gharib Block H Service Contract
    • Baseline Service Fee
    • Production Remuneration
      • Table Egypt, GPC Incremental Production Allocation (%), Area A Service Contract
    • Direct Taxation
      • Corporate Income Tax
  • Regulation and Licensing
    • Legal Framework
      • Table Figure 5: Egypt, Legal Framework
      • Governing Law
      • Contract Type
      • Title to Hydrocarbons
    • Institutional Framework
      • Table Figure 6: Egypt Institutional Framework
      • Licensing Authority
      • National Oil Company
      • Regulatory Agency
    • Licensing Process
      • Qualification
      • Bidding
    • License Terms
      • Duration and Relinquishment
      • Exploration Obligation
      • Management of Operations
      • Domestic Market Obligation
  • Outlook
  • Contact Information

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