Home >> Service Industries >> Business Services & Administration

Georgia Upstream Fiscal and Regulatory Report - Government Considering Opening Tender for Unlicensed Blocks

Published: Nov-2016 | Format: PDF | GlobalData | Number of pages: 14 | Code: MRS - 94622

Georgia Upstream Fiscal and Regulatory Report - Government Considering Opening Tender for Unlicensed Blocks

Summary

“Georgia Upstream Fiscal and Regulatory Report - Government Considering Opening Tender for Unlicensed Blocks”, presents the essential information relating to the terms which govern investment into Georgia’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 Georgia’s upstream oil and gas investment climate.

Scope

- Overview of current fiscal terms governing upstream oil and gas operations in Georgia
- 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 Georgia

Reasons to buy

- Understand the complex regulations and contractual requirements applicable to Georgia’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 Table of Contents 1
1.1 List of Tables 2
1.2 List of Figures 2
2 Regime Overview 3
3 State Take Assessment 5
4 Key Fiscal Terms 6
4.1 Royalties, Bonuses and Fees 6
4.1.1 Bonuses 6
4.1.2 Regulatory Fee 7
4.1.3 Natural Resources Usage Fee (Paid by State) 7
4.2 Baseline Production (Blocks XIB and XIE) 7
4.3 Cost Recovery 7
4.3.1 Limit on Recovery 7
4.3.2 Recoverable Costs 7
4.4 Profit-Sharing 8
4.5 Direct Taxation 8
4.5.1 Profit Tax (Paid out of State Share of Profit Oil) 8
4.5.2 Deductions and Depreciation 8
4.5.3 Withholding Tax 8
4.6 Indirect Taxation 9
4.6.1 Value Added Tax and Customs Duty Exemption 9
4.6.2 Property Tax 9
4.7 State Participation 9
4.8 Stability Provisions 9
5 Regulation and Licensing 10
5.1 Legal Framework 10
5.1.1 Governing Law 10
5.1.2 Contract Type 10
5.1.3 Title to Hydrocarbons 10
5.2 Institutional Framework 11
5.2.1 Licensing Authority 11
5.2.2 Regulatory Agency 11
5.2.3 National Oil Company 11
5.3 Licensing Process 12
5.4 License Terms 12
5.4.1 Duration and Relinquishments 12
5.4.2 Work Obligations 12
6 Outlook 13
7 Contact Information 14

1.1 List of Tables
Table 1: Summary 3
Table 2: Georgia, Signature Bonuses (US$), 2008 Tender 6
Table 3: Georgia, Commercial Discovery Bonuses (US$ million), Selected PSAs 6
Table 4: Georgia, State Share of Profit Oil (%), Selected PSAs 8
Table 5: Georgia, State Back-In Right (%), Selected PSAs 9

1.2 List of Figures
Figure 1: Regime Flow Chart 4
Figure 2: Georgia, Indicative NPV10/boe, IRR and State Take Comparison - Regional, 2016 5
Figure 3: Georgia, Legal Framework 10
Figure 4: Georgia, Institutional Framework 11

Inquiry For Buying



Request Sample




Related Reports

Affordable Luxury in Emerging and Developing Markets and the Impact

Jun-2016 | Euromonitor International | Pages : 46 | Code : MRS-97256 | 850

With rising incomes and greater exposure to Western cultures, the habits, tastes and needs of the new middle class emerging market consumer evolve - shoppers seeking aspirational, high quality brands at the best prices. Following The Quest For Value in Developed Markets and Market Impact, we identify opportunities in the “affordable luxury” segment in emerging and developing countries, spanning many products and services, ranging from packaged foods and foodservice to fashion and electronic Read more

Global Self Organizing Network Market Research Report 2016

Dec-2016 | 9Dimen Research | Pages : 157 | Code : MRS-96922 | 2850

2016 Global Self Organizing Network Industry Report is a professional and in-depth research report on the world's major regional market conditions of the Self Organizing Network industry, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China). The report firstly introduced the Self Organizing Network basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product spe Read more

Global VoIP Market by Manufacturers, Regions, Type and Application, Forecast to 2021

Dec-2016 | Global Info Research | Pages : 113 | Code : MRS-96856 | 3480

Voice over Internet Protocol (VoIP), is a technology that allows you to make voice calls using a broadband Internet connection instead of a regular (or analog) phone line. Some VoIP services may only allow you to call other people using the same service, but others may allow you to call anyone who has a telephone number - including local, long distance, mobile, and international numbers. Also, while some VoIP services only work over your computer or a special VoIP phone, other services allo Read more

Global Travel Insurance Market by Manufacturers, Regions, Type and Application, Forecast to 2021

Dec-2016 | Global Info Research | Pages : 116 | Code : MRS-96853 | 3480

"Travel insurance is insurance that is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, either internationally or within one's own country. Travel insurance protects the financial investment in a trip, including lost baggage and trip cancellation. Travelers may be more likely to avoid travel when sick if they know their financial investment in the trip is protected. " Scope of the Report: This report focuses Read more

Global Internet Advertising Market by Manufacturers, Regions, Type and Application, Forecast to 2021

Dec-2016 | Global Info Research | Pages : 112 | Code : MRS-96313 | 3480

"Online advertising, also called online or Internet advertising or web advertising, is a form of marketing and advertising which uses the Internet to deliver promotional marketing messages to consumers. Online advertising is a marketing strategy that involves the use of the Internet as a medium to obtain website traffic and target and deliver marketing messages to the right customers. Online advertising is geared toward defining markets through unique and useful applications. " Scope o Read more

Global BPO Business Analytics Market by Manufacturers, Regions, Type and Application, Forecast to 2021

Dec-2016 | Global Info Research | Pages : 115 | Code : MRS-96215 | 3480

"Decision makers worldwide are under tremendous pressure to optimize their business operations, acquire new customers, and increase their market share, thereby driving long-term profitability. Business analytics is used for strategic decision making, enabling organizations to understand their customers, optimize operational cost, and improve business efficiency and competitiveness. The demand for regulatory compliance and transparency is high across sectors such as BFSI and healthcare. Ente Read more

Global Business VoIP Market Research Report 2016

Dec-2016 | 9Dimen Research | Pages : 158 | Code : MRS-95785 | 2850

2016 Global Business VoIP Industry Report is a professional and in-depth research report on the world's major regional market conditions of the Business VoIP industry, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China). The report firstly introduced the Business VoIP basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing pro Read more

Global Lottery Market by Manufacturers, Regions, Type and Application, Forecast to 2021

Nov-2016 | Global Info Research | Pages : 111 | Code : MRS-95595 | 3480

"A lottery is a form of gambling which involves the drawing of lots for a prize. Lotteries are outlawed by some governments, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of regulation of lottery by governments. This report analyzed the annual revenue of lottery types such as: the lotto, Quizzes Type Lottery, Numbers Game and scratch-off instant games." Scope of the Report: This report focuses on the Lottery in Global m Read more

Unified Threat Management (UTM) - Global Market Outlook (2016-2022)

Dec-2016 | Stratistics MRC | Pages : 139 | Code : MRS-95130 | 4150

“According to Stratistics MRC, the Global Unified Threat Management (UTM) Market is accounted for $2684.12 million in 2015 and is expected to reach $6155.57 million by 2022 growing at a CAGR of 12.5% during the forecast period”. Cost and energy consumption, technology advancement and increasing incidences of data security breach are some of the key factors favouring the market growth. However, social networking sites and lack of sustainability are hampering the market growth. North America Read more

Monthly Global Upstream Review, October 2016 - Planned Project Postponements on the Rise

Dec-2016 | GlobalData | Pages : 16 | Code : MRS-94624 | 1500

Monthly Global Upstream Review, October 2016 - Planned Project Postponements on the Rise Summary Global oil and gas production is expected to increase about 1.5% over the next four years. The persistently low crude prices continue to constrict capital spending on the planned oil and gas projects. Additionally the postponement of the planned projects is on the rise globally. The average capex spending is expected to decrease close to 35% over the next four years. Globally, the number of pr Read more

Single User | $(USD)1000 View Pricing