Equatorial Guinea Upstream Fiscal and Regulatory Report - New Bid Round Slated for January 2019
Summary
Equatorial Guinea’s upstream fiscal and regulatory regime has been relatively stable since the introduction of the 2006 Hydrocarbons Code. Under country’s PSA regime licensees must pay a minimum 13% royalty, profit oil after cost recovery is shared with the state at negotiable levels, and corporate tax is levied at 35%. The government has held regular licensing rounds recently in 2012, 2014 and 2016 and is set to continue this with the launch of a new round. However, the government’s tough negotiating stance with existing operators may dent investor confidence.
“Equatorial Guinea Upstream Fiscal and Regulatory Report - New Bid Round Slated for January 2019”, 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
Reasons to buy
Summary
Equatorial Guinea’s upstream fiscal and regulatory regime has been relatively stable since the introduction of the 2006 Hydrocarbons Code. Under country’s PSA regime licensees must pay a minimum 13% royalty, profit oil after cost recovery is shared with the state at negotiable levels, and corporate tax is levied at 35%. The government has held regular licensing rounds recently in 2012, 2014 and 2016 and is set to continue this with the launch of a new round. However, the government’s tough negotiating stance with existing operators may dent investor confidence.
“Equatorial Guinea Upstream Fiscal and Regulatory Report - New Bid Round Slated for January 2019”, 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.
Table of Contents
1 Table of Contents2. Regime Overview3. State Take Assessment6. Outlook
4. Key Fiscal Terms
5. Regulation and Licensing
7. Appendix
List of Tables
List of Figures
