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Equatorial Guinea Upstream Fiscal and Regulatory Report - Licensing Round Ongoing as the Government Seeks to Encourage Drilling

Equatorial Guinea Upstream Fiscal and Regulatory Report - Licensing Round Ongoing as the Government Seeks to Encourage Drilling

Summary

“Equatorial Guinea Upstream Fiscal and Regulatory Report - Licensing Round Ongoing as the Government Seeks to Encourage Drilling”, 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


  • Regime Overview
    • Table Regime Overview
    • Table Figure 1: Regime Flow Chart
  • State Take Assessment
    • Table Figure 2: Equatorial Guinea, Indicative NPV10/boe, IRR and State Take Comparison - Regional, 2017
  • Key Fiscal Terms
    • Royalties, Bonuses and Fees
      • Signature Bonus
        • Table Equatorial Guinea, Minimum Signature Bonuses (US$), 2016 Round
      • Discovery Bonus
      • Production Bonus
        • Table Equatorial Guinea, Production Bonuses (US$), Blocks F and G (2000)
      • Surface Rentals
        • Table Equatorial Guinea, Surface Rental Rates (US$/hectare)
      • Royalty
        • Table Equatorial Guinea, Royalty Rates (%), Blocks F and G (2000)
      • Training Contributions
    • Cost Recovery
      • Limit on Recovery
      • Recoverable Costs
    • Profit Sharing
      • Table Equatorial Guinea, Profit-Sharing Framework, Blocks F and G (2000)
    • Direct Taxation
      • Corporate Income Tax
      • Deductions and Depreciation
      • Withholding Tax
    • Indirect Taxation
      • Value Added Tax
      • Import Duty
    • State Participation
  • Regulation and Licensing
    • Legal Framework
      • Table Figure 3: Equatorial Guinea, Legal Framework
      • Governing Law
      • Contract Type
      • Title to Hydrocarbons
    • Institutional Framework
      • Table Figure 4: Equatorial Guinea, Institutional Framework
      • Licensing Authority
      • Regulatory Agency
      • National Oil Company
    • Licensing Process
      • Licensing Rounds
      • Prequalification
      • Bidding
      • Bid Evaluation
    • License Terms
      • Duration and Relinquishments
      • Exploration Work Obligations
        • Table Equatorial Guinea, Minimum Work Requirement, 2016 Round
    • Domestic Market Obligations
    • Local Content
      • Table Equatorial Guinea, Local Content Threshold (%)
    • Natural Gas
  • Outlook
  • Appendix
    • Contact Us
    • Disclaimer

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