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Ghana Upstream Fiscal and Regulatory Report - New Petroleum Law Awaiting Presidential Assent

Ghana Upstream Fiscal and Regulatory Report - New Petroleum Law Awaiting Presidential Assent

Summary

“Ghana Upstream Fiscal and Regulatory Report - New Petroleum Law Awaiting Presidential Assent”, presents the essential information relating to the terms which govern investment into Ghana’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 Ghana’s upstream oil and gas investment climate.

Scope

  • Overview of current fiscal terms governing upstream oil and gas operations in Ghana
  • 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 Ghana
Reasons to buy
  • Understand the complex regulations and contractual requirements applicable to Ghana’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
  • State Take Assessment
    • Table Figure 2: Ghana, Indicative NPV10/boe, IRR and State Take Comparison - Internal, 2016
    • Table Figure 3: Ghana, Indicative NPV10/boe, IRR and State Take Comparison - Regional, 2016
  • Key Fiscal Terms
    • Permit Fees
      • Table Ghana, Exploration and Development Permit Fees (US$), 2016
      • Table Ghana, Production Permit Fees (US$), 2016
    • Surface Rentals
      • Table Ghana, Annual Rental Fees (US$ per km2) East Keta Ultra Deepwater Agreement, 2014
      • Table Ghana, Annual Rental Fees (US$ per km2) Deepwater Tano Agreement, 2006
    • Training Allowance
      • Table Ghana, Annual Training Fees (US$), Various Agreements
    • Technology Allowance
      • Table Ghana, Technology Allowance (US$), Various Agreements
    • Royalty
      • Table Ghana, Royalty Rates (%), Southwest Saltpond Agreement, 2014
      • Table Ghana, Royalty Rates (%), East Keta Agreement, 2014
      • Table Ghana, Royalty Rates (%), Deepwater Tano Agreement, 2006
      • Table Ghana, Crude Oil Royalty Rates (%),Offshore Cape Three Points Agreement, 2005
      • Table Ghana, Royalty Rates (%), West Cape Three Points Agreement, 2004
    • Direct Taxation
      • Corporate Tax
      • Deductions and Depreciation
      • Ring-fencing
      • Withholding Tax
      • Capital gains Tax
    • Additional Oil Entitlement
      • Table Ghana, AOE Rates, Shallow Water Cape Three Points Offshore License, 2014
      • Table Ghana, AOE Rates, Deepwater Cape Three Points West Offshore Agreement, 2014
      • Table Ghana, AOE Rates, South-West Saltpond Agreement, 2014
      • Table Ghana, AOE Rates, East Keta Ultra-deepwater Agreement, 2014
      • Table Ghana, AOE Rates, Keta Agreement, 2010
      • Table Ghana, AOE Rates, Offshore Saltpond Agreement, 2008
      • Table Ghana, AOE Rates, Shallow Water Tano Agreement, 2006
      • Table Ghana, AOE Rates, Deepwater Tano Agreement, 2006
      • Table Ghana, AOE Rates, Offshore Cape Three Points Agreement, 2005
      • Table Ghana, AOE Rates, West Cape Three Points Agreement, 2004
    • Indirect Taxation
      • Value Added Tax
      • Customs Duties
    • State Participation
      • Initial Interest
      • Additional Interest
        • Table Ghana, GNPC Interest (%), Various Agreements, 2004-2014
    • Stability Clauses
  • Regulation and Licensing
    • Legal Framework
      • Table Figure 4: Ghana, Legal Framework
      • Governing Law
      • Contract Type
      • Title to Hydrocarbons
    • Institutional Framework
      • Table Figure 5: Ghana, Institutional Framework
      • Licensing Authority
      • Regulatory Agency
      • National Oil Company
    • Licensing Process
    • License Terms
      • Duration
      • Obligations
      • Relinquishment
    • Local Content
      • Table Ghana, Top-Level Minimum Local Content Percentages (%), 2016
      • Table Ghana, Minimum Local Content (%) of Specific Goods and Services, 2016
  • Outlook
  • Contact Information

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