Market Research Logo

Liberia Upstream Fiscal and Regulatory Report - Regulatory Transition Begins Following Passage of Petroleum Law

Liberia Upstream Fiscal and Regulatory Report - Regulatory Transition Begins Following Passage of Petroleum Law

Summary

“Liberia Upstream Fiscal and Regulatory Report - Regulatory Transition Begins Following Passage of Petroleum Law”, presents the essential information relating to the terms which govern investment into Liberia’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 Liberia’s upstream oil and gas investment climate.

Scope

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


1 Table of Contents
1.1 List of Tables
1.2 List of Figures
2 Regime Overview
3 State Take Assessment
4 Key Fiscal Terms
4.1 Royalties, Bonuses and Fees
4.1.1 Royalties
4.1.2 Surface Rentals
4.1.3 Signature Bonuses
4.1.4 Production Bonuses
4.1.5 Hydrocarbon Development Fund
4.1.6 Training Budget
4.1.7 Social Welfare Budget
4.1.8 Rural Energy Fund
4.2 Cost Recovery
4.2.1 Limit on Recovery
4.2.2 Recoverable Costs
4.3 Profit-Sharing
4.3.1 2014 Model PSA
4.3.2 Pre-2014 Contracts
4.4 Direct Taxation
4.4.1 Corporate Income Tax
4.4.2 Deductions and Depreciation
4.4.3 Withholding Tax
4.5 Customs Duties and Fees
4.5.1 Customs Duties
4.5.2 Customs Fees
4.5.3 Domestic Supply
4.6 State and Citizen Participation
5 Regulation and Licensing
5.1 Legal Framework
5.1.1 Governing Law
5.1.2 Contract Type
5.1.3 Title to Hydrocarbons
5.2 Institutional Framework
5.2.1 Licensing Authority
5.2.2 Regulatory Agency
5.2.3 National Oil Company
5.3 Licensing Process
5.3.1 Licensing Rounds
5.3.2 Prequalification
5.3.3 Bidding
5.4 License Terms
5.4.1 Duration
5.4.2 Work Obligations
5.4.3 Relinquishment
5.5 Local Content
6 Outlook
7 Contact Information
1.1 List of Tables
Table 1: Summary
Table 2: Liberia, Royalty Rates (%), Pre-2014 Contracts
Table 3: Liberia, Rental Fees (US$/km2), 2014 Model PSA
Table 4: Liberia, Production Bonus (US$ million), 2014 Model PSA
Table 5: Liberia, Production Bonuses (US$ million), Pre-2014 Contracts
Table 6: Liberia, Profit Sharing Framework, 2014 Model PSA
Table 7: Liberia, Profit Sharing (%), LB-8, LB-9, LB-11, LB15, LB-16
Table 8: Liberia, Profit Sharing (%), LB-10
Table 9: Liberia, Profit Sharing (%), LB-12
Table 10: Liberia, Profit Sharing (%), LB-13
Table 11: Liberia, Profit Sharing (%), LB-14
Table 12: Liberia, Profit Sharing (%), LB-17
1.2 List of Figures
Figure 1: Regime Flow Chart
Figure 2: Liberia, Indicative NPV10/boe, IRR and State Take Comparison - Internal, 2016
Figure 3: Liberia, Indicative NPV10/boe, IRR and State Take Comparison - Regional, 2016
Figure 4: Liberia, Legal Framework
Figure 5: Liberia, Institutional Framework

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report