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Oman Upstream Fiscal and Regulatory Report - Oil Price Drop Forces Government to Look to Boost Revenue

Oman Upstream Fiscal and Regulatory Report - Oil Price Drop Forces Government to Look to Boost Revenue

Summary


“Oman Upstream Fiscal and Regulatory Report - Oil Price Drop Forces Government to Look to Boost Revenue”, presents the essential information relating to the terms which govern investment into Oman’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 Oman’s upstream oil and gas investment climate.

Scope

  • Overview of current fiscal terms governing upstream oil and gas operations in Oman
  • 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 Oman
Reasons to buy
  • Understand the complex regulations and contractual requirements applicable to Oman’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
    • Table Figure 3: Regime Flow Chart - PDO Concession Agreement
  • Key Fiscal Terms - Production Sharing Agreement
    • Upfront Payments
      • Bonuses
      • Rental, Training and Data Fees
        • Table Oman - PSA, Rental, Training and Data Fee Rates (US$/year), Block 38
    • Cost Recovery
      • Limit on Recovery
      • Recoverable Costs
    • Profit-Sharing
      • Table Oman - PSA, Profit-Sharing (%), Block 55 (2009)
      • Table Oman - PSA, Profit-Sharing (%), Block 38 (2012)
      • Table Oman - PSA, Profit-Sharing (%), Block 56 (2014)
      • Table Oman - PSA, Profit-Sharing (%), Blocks 3 & 4 (2003)
    • Direct Taxation
      • Corporate Income Tax
        • Table Oman, Tax Rates for Non-GCC Permanent Establishments (%), 2001-2010
      • Deductions and Depreciation
        • Table Oman, Depreciation Rates (%), 2016
    • Indirect Taxation
      • Customs Duties
      • Value Added Tax
    • State Participation
  • Key Fiscal Terms - Service Contract
    • Signature Bonus
      • Table Oman - Service Contract, Signature Bonuses, 2016
    • Cost Recovery
      • Limit on Recovery
      • Recoverable Costs
    • Remuneration
    • Taxation
    • State Participation
  • Key Fiscal Terms - PDO Concession Agreement
    • Royalty
      • Table Oman - PDO Concession, Royalty Rates (%) 1971 Onwards
    • Taxation
      • Income Tax
        • Table Oman - PDO Concession, Income Tax Rates (%) 1971 Onwards
      • Deductions and Depreciation
        • Table Oman - PDO Concession, Depreciation Schedule, 1977 Onwards
    • Natural Gas
    • State Participation
  • Regulation and Licensing
    • Legal Framework
      • Table Figure 4: Oman, Legal Framework
      • Governing Law
      • Contract Type
      • Title to Hydrocarbons
    • Institutional Framework
      • Table Figure 5: Oman, Institutional Framework
      • Licensing Authority
      • Regulatory Agency
      • National Oil Company
    • Licensing Process
    • License Terms
      • Duration
      • Work Obligations
      • Local Content
  • Outlook
  • Contact Information

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