Lebanon Upstream Fiscal and Regulatory Report - Stable Fiscal Regime Planned for Second Offshore Round

Lebanon Upstream Fiscal and Regulatory Report - Stable Fiscal Regime Planned for Second Offshore Round

Summary

The creation of Lebanons petroleum fiscal framework has been completed, at least for offshore Lebanon, over the course of the past ten years. As the country progresses to its second offshore round, it appears that the fiscal regime will remain relatively stable. However, new regulations are planned in the coming years, including those concerning onshore activities and the creation of a sovereign wealth fund (SWF). Potential policy risks for the sector may arise in the future if oil or gas discoveries are made, especially along the Israeli-Lebanese contested border. On top of this, at the regional level, in relation to petroleum activities, Lebanon appears presently quite isolated as for the current discussions among some European and Middle Eastern and North African countries in relation to future commercial deals and exporting routes for hydrocarbons.

Lebanon Upstream Fiscal and Regulatory Report - Stable Fiscal Regime Planned for Second Offshore Round, presents the essential information relating to the terms which govern investment into Lebanons 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 states take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Lebanons upstream oil and gas investment climate.

Scope

- Overview of current fiscal terms governing upstream oil and gas operations in Lebanon
- Assessment of the current fiscal regimes 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 Lebanon.

Reasons to buy

- Understand the complex regulations and contractual requirements applicable to Lebanons upstream oil and gas sector
- Evaluate factors determining profit levels in the industry
- Identify potential regulatory issues facing investors in the countrys upstream sector
- Utilize considered insight on future trends to inform decision-making.

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. Royalty
4.1.2. Rental Fee
4.1.3. Training Obligation
4.2. Cost Recovery
4.2.1. Limit on Recovery
4.2.2. Recoverable Costs
4.3. Profit Sharing
4.4. Direct Taxation
4.4.1. Corporate Income Tax (CIT)
4.4.2. Deduction and Depreciation
4.4.3. Branch Remittance Tax
4.4.4. Withholding Tax
4.4.5. Capital Gains Tax
4.5. Indirect Taxation
4.5.1. Value Added Tax
4.5.2. Customs Duties
4.5.3. Stamp Duty
4.6. Abandonment Fund
4.7. Fiscal Stability
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 and Relinquishments
5.4.2. Participation
5.4.3. Work Obligation
5.4.4. Domestic Market Obligation
5.5. Local Content
6. Outlook
7. Appendix
7.1. References
7.2. Contact Us
7.3. Disclaimer

List Of Tables


Table 1: Regime Overview
Table 2: Lebanon, Liquids Royalties (%)
Table 3: Lebanon, Profit Sharing Mechanism (%)
Table 4: Lebanon, Final Profit Sharing Terms, First Licensing Round
Table 5: Lebanon, Depreciation Rates (%)
Table 6: Lebanon, Eligibility Criteria for Pre-Qualification, Second Licensing Round
Table 7: Lebanon, Technical and Commercial Proposal Marking, First Licensing Round
Table 8: References

List Of Figures


Figure 1: Regime Flow Chart
Figure 2: Lebanon, Indicative NPV10/boe, IRR and State Take Comparison, Regional
Figure 3: Lebanon, Legal Framework
Figure 4: Lebanon, Institutional Framework

Lebanon Upstream Fiscal and Regulatory Report - Stable Fiscal Regime Planned for Second Offshore Round

Lebanon Upstream Fiscal and Regulatory Report - Stable Fiscal Regime Planned for Second Offshore RoundThe creation of Lebanons petroleum fiscal framework has been completed, at least for offshore Lebanon, over

USD 1500 View Report

Brazil Upstream Fiscal and Regulatory Guide

Brazil Upstream Fiscal and Regulatory GuideBrazil offers regular licensing rounds as defined in the 2017-2021 bidding schedule. Each year a concession round and a production sharing agreement round are held,

USD 1500 View Report

US OCS Upstream Fiscal and Regulatory Report - Favorable Fiscal Terms but Strong State and Judicial Opposition to Expanding the OCS on Offer

US OCS Upstream Fiscal and Regulatory Report - Favorable Fiscal Terms but Strong State and Judicial Opposition to Expanding the OCS on OfferThe Unites States offers regular licensing rounds paired

USD 1500 View Report

Fill The Form For Sample Request

Note : * Kindly provide us with your company id and get the sample reports at the earliest.

There is no Reviews available