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

Global Expression Vectors Market Research Report 2016

Dec-2016 | 9Dimen Research | Pages : 158 | Code : MRS-100444 | 2850

2016 Global Expression Vectors Industry Report is a professional and in-depth research report on the world's major regional market conditions of the Expression Vectors 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 Expression Vectors basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; ma Read more

Global Top Countries BPO Business Analytics Market Report 2017-2022

Dec-2016 | LPI (LP Information) | Pages : 123 | Code : MRS-100166 | 4960

This report studies BPO Business Analytics in Global market, especially in United States, Canada, Mexico, Germany, France, UK, Italy, Russia, China, Japan, India, Korea, Southeast Asia, Australia, Brazil, Middle East and Africa, focuses on the top Manufacturers in each country, covering Accenture Cognizant Genpact IBM TCS HP Tech Mahindra Capgemini Wipro EXL NTT DATA(Dell) WNS Global Minacs Infosys Mu Sigma Read more

Top 5 BPO Business Analytics Manufacturers in North America, Europe, Asia-Pacific, South America, Middle East and Africa 2017

Dec-2016 | LPI (LP Information) | Pages : 123 | Code : MRS-100130 | 4960

This report studies BPO Business Analytics in Global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top BPO Business Analytics Players in each region, with sales, price, revenue and market share for top manufacturer, covering Accenture Cognizant Genpact IBM TCS HP Tech Mahindra Capgemini Wipro EXL NTT DATA(Dell) WNS Global Minacs Infosys Mu Sigma Read more

Global Top Countries Smart Parking System Market Report 2017-2022

Dec-2016 | LPI (LP Information) | Pages : 120 | Code : MRS-100043 | 4960

This report studies Smart Parking System in Global market, especially in United States, Canada, Mexico, Germany, France, UK, Italy, Russia, China, Japan, India, Korea, Southeast Asia, Australia, Brazil, Middle East and Africa, focuses on the top Manufacturers in each country, covering 3M Amano Corporation Cubic Corporation Thales Kapsch TrafficCom AG Nortech Control Systems Limited Siemens Swarco AG Fujica Imtech Xerox Corporation M Read more

Top 5 Smart Parking System Manufacturers in North America, Europe, Asia-Pacific, South America, Middle East and Africa 2017

Dec-2016 | LPI (LP Information) | Pages : 120 | Code : MRS-100007 | 4960

This report studies Smart Parking System in Global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top Smart Parking System Players in each region, with sales, price, revenue and market share for top manufacturer, covering 3M Amano Corporation Cubic Corporation Thales Kapsch TrafficCom AG Nortech Control Systems Limited Siemens Swarco AG Fujica Imtech Xerox Corporation Read more

Global Top Countries Cyber Security Market Report 2017-2022

Dec-2016 | LPI (LP Information) | Pages : 124 | Code : MRS-99692 | 4960

This report studies Cyber Security in Global market, especially in United States, Canada, Mexico, Germany, France, UK, Italy, Russia, China, Japan, India, Korea, Southeast Asia, Australia, Brazil, Middle East and Africa, focuses on the top Manufacturers in each country, covering Symantec Intel IBM Cisco Trend Micro Dell Check Point Juniper Kaspersky HP Microsoft Huawei Palo Alto Networks FireEye AlienVault AVG Read more

Top 5 Cyber Security Manufacturers in North America, Europe, Asia-Pacific, South America, Middle East and Africa 2017

Dec-2016 | LPI (LP Information) | Pages : 124 | Code : MRS-99656 | 4960

This report studies Cyber Security in Global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top Cyber Security Players in each region, with sales, price, revenue and market share for top manufacturer, covering Symantec Intel IBM Cisco Trend Micro Dell Check Point Juniper Kaspersky HP Microsoft Huawei Palo Alto Networks FireEye AlienVault AVG Techn Read more

Global Top Countries VoIP Market Report 2017-2022

Dec-2016 | LPI (LP Information) | Pages : 124 | Code : MRS-99536 | 4960

This report studies VoIP in Global market, especially in United States, Canada, Mexico, Germany, France, UK, Italy, Russia, China, Japan, India, Korea, Southeast Asia, Australia, Brazil, Middle East and Africa, focuses on the top Manufacturers in each country, covering NTT Comcast Orange KT Charter Microsoft (Skype) Cablevision Verizon AT & T Vonage Cox Telmex Time Warner Cable Numericable-SFR Rogers Sprint Read more

Global Top Countries Travel Insurance Market Report 2017-2022

Dec-2016 | LPI (LP Information) | Pages : 126 | Code : MRS-99532 | 4960

This report studies Travel Insurance in Global market, especially in United States, Canada, Mexico, Germany, France, UK, Italy, Russia, China, Japan, India, Korea, Southeast Asia, Australia, Brazil, Middle East and Africa, focuses on the top Manufacturers in each country, covering Allianz Munich RE Generali AXA Hanse Merkur Groupama Mapfre Asistencia AIG CSA Travel Protection USI Affinity Seven Corners MH Ross Tokio Marine Read more

Top 5 VoIP Manufacturers in North America, Europe, Asia-Pacific, South America, Middle East and Africa 2017

Dec-2016 | LPI (LP Information) | Pages : 124 | Code : MRS-99500 | 4960

This report studies VoIP in Global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top VoIP Players in each region, with sales, price, revenue and market share for top manufacturer, covering NTT Comcast Orange KT Charter Microsoft (Skype) Cablevision Verizon AT & T Vonage Cox Telmex Time Warner Cable Numericable-SFR Rogers Sprint Liberty Glo Read more

Single User | $(USD)1000 View Pricing