Toll Free: 1-888-928-9744

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

Published: Mar 31, 2016 | Pages: 16 | Publisher: GlobalData | Industry: Energy | Report Format: Electronic (PDF)

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
 Table of Contents
1 Table of Contents 1 1.1 List of Tables 2 1.2 List of Figures 2 2 Regime Overview 3 3 Key Fiscal Terms - Production Sharing Agreement 7 3.1 Upfront Payments 7 3.1.1 Bonuses 7 3.1.2 Rental, Training and Data Fees 7 3.2 Cost Recovery 7 3.2.1 Limit on Recovery 7 3.2.2 Recoverable Costs 7 3.3 Profit-Sharing 7 3.4 Direct Taxation 8 3.4.1 Corporate Income Tax 8 3.4.2 Deductions and Depreciation 9 3.5 Indirect Taxation 9 3.5.1 Customs Duties 9 3.5.2 Value Added Tax 9 3.6 State Participation 9 4 Key Fiscal Terms - Service Contract 10 4.1 Signature Bonus 10 4.2 Cost Recovery 10 4.2.1 Limit on Recovery 10 4.2.2 Recoverable Costs 10 4.3 Remuneration 10 4.4 Taxation 10 4.5 State Participation 10 5 Key Fiscal Terms - PDO Concession Agreement 11 5.1 Royalty 11 5.2 Taxation 11 5.2.1 Income Tax 11 5.2.2 Deductions and Depreciation 11 5.3 Natural Gas 11 5.4 State Participation 11 6 Regulation and Licensing 12 6.1 Legal Framework 12 6.1.1 Governing Law 12 6.1.2 Contract Type 12 6.1.3 Title to Hydrocarbons 12 6.2 Institutional Framework 13 6.2.1 Licensing Authority 13 6.2.2 Regulatory Agency 13 6.2.3 National Oil Company 13 6.3 Licensing Process 13 6.4 License Terms 14 6.4.1 Duration 14 6.4.2 Work Obligations 14 6.4.3 Local Content 14 7 Outlook 15 8 Contact Information 16
List of Tables
Table 1: Summary 3 Table 2: Oman - PSA, Rental, Training and Data Fee Rates (US$/year), Block 38 7 Table 3: Oman - PSA, Profit-Sharing (%), Block 55 (2009) 7 Table 4: Oman - PSA, Profit-Sharing (%), Block 38 (2012) 8 Table 5: Oman - PSA, Profit-Sharing (%), Block 56 (2014) 8 Table 6: Oman - PSA, Profit-Sharing (%), Blocks 3 & 4 (2003) 8 Table 7: Oman, Tax Rates for Non-GCC Permanent Establishments (%), 2001-2010 9 Table 8: Oman, Depreciation Rates (%), 2016 9 Table 9: Oman - Service Contract, Signature Bonuses, 2016 10 Table 10: Oman - PDO Concession, Royalty Rates (%) 1971 Onwards 11 Table 11: Oman - PDO Concession, Income Tax Rates (%) 1971 Onwards 11 Table 12: Oman - PDO Concession, Depreciation Schedule, 1977 Onwards 11


List of Figures
Figure 1: Regime Flow Chart - Production Sharing Agreement 4 Figure 2: Regime Flow Chart - Service Contract 5 Figure 3: Regime Flow Chart - PDO Concession Agreement 6 Figure 4: Oman, Legal Framework 12 Figure 5: Oman, Institutional Framework 13

To request a free sample copy of this report, please complete the form below.

This website is secure and your personal details are safe. Privacy policy

Global LCP (Liquid Crystal Polymer) industry is forecasted to reach USD 1.23 billion by 2020, as per a new research report by Radiant Insights, Inc. Growing trend towards developing militarized components and connectors are likely to drive the demand

Read More...

Global Biocides market size is likely to be valued at USD 11.9 billion by 2022; as per a new research report by Radiant Insights, Inc. Growth in water treatment process units particularly in China, Japan and India is likely to drive demand. Increasin

Read More...

Global glycerol market size is likely to exceed USD 3 billion by 2022, as per a new research report by Radiant Insights, Inc. Regulatory push for promoting bio-diesel production is expected to boost glycerol demand over the forecast period, with expe

Read More...

Global fingerprint access control systems market size is estimated to reach USD 4.4 billion by 2022, as per a new research report by Radiant Insights, Inc. Growing safety and security concerns of individual as well as organization is projected to dri

Read More...

Global polymethyl methacrylate (PMMA) market size is likely to be valued at USD 11.65 billion by 2022; as per a new research report by Radiant Insights, Inc. Increasing spending on advertising & marketing for building strong brand equity and product

Read More...
Choose License Type
Single User - US $1000
Multi User - US $1500
Why Choose Us

24/5 Research support

Get your queries resolved from an industry expert. Request for a free product review before report purchase.

Phone: 1-415-349-0054

Toll Free: 1-888-928-9744

Email: [email protected]

Custom research service

Speak to the report author to design an exclusive study to serve your research needs.

Quality assurance

A testimonial for service excellence represented in the form of BBB "A" Accreditation.

Information security

Your personal and confidential information is safe and secure.

verify