Table of Content




1. Executive Summary
1.1 Regime Overview - Production Sharing Agreements (PSAs)
1.2 Regime Overview - Service Contracts
1.3 Timeline

2. State Take Assessment

3. Key Fiscal Terms - Production Sharing Agreements
3.1 Royalties, Bonuses, and Fees
3.2 Cost Recovery
3.3 Profit Sharing
3.4 Direct Taxation
3.5 Domestic Market Obligations
3.6 Local Content

4. Key Fiscal Terms - Service Contracts
4.1 Royalties, Bonuses, and Fees
4.2 Baseline Service Fee
4.3 Renumeration
4.4 Direct Taxation

5. Regulation and Licensing
5.1 Legal Framework
5.2 Institutiol Framework
5.3 Licensing Process

6. Appendix
6.1 References
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List of Figures



Figure 1: Regime Flow Chart - Production Sharing Agreements
Figure 2: Regime Flow Chart - Service Contracts
Figure 3: Egypt, Indicative NPV10/boe, IRR and State Take Comparison, and Price and Cost Sensitivity Analysis
Figure 4: Egypt, Legal Framework
Figure 5: Egypt, Institutional Framework


List of Tables



Table 1: Regime Overview
Table 2: Egypt, Key Events Since Year 2000
Table 3: Egypt, Average Winning Signature Bonus (US$) For Bid Rounds
Table 4: Egypt, Production Bonus Thresholds (US$), EGPC
Table 5: Egypt, Production Bonus Thresholds (US$), EGAS
Table 6: Egypt, Production Bonus Thresholds (US$), GANOPE
Table 7: Egypt, Cost Recovery Limits (%), Various Concessions
Table 8: Egypt, Minimum NOC Share Of Excess Cost Recovery Rates (%), Bid Rounds 2015-2021
Table 9: Egypt, EGPC Profit Sharing (%), Bid Round Model 2021, 2018, and 2016
Table 10: Egypt, EGPC Profit Sharing (%), East Ras Qattara Concession, 2004
Table 11: Egypt, EGPC Profit Sharing (%), NW Gemsa Concession, 2002
Table 12: Egypt, EGAS Profit Sharing (%), Bid Round Model 2021, 2018 and 2015*
Table 13: Egypt, EGAS Profit Sharing (%), South Disouq Concession, 2014
Table 14: Egypt, EGAS Bid Round 2012, Profit Sharing (%), Shorouk Concession
Table 15: Egypt, EGAS Profit Sharing (%), North El Maghara Concession, 2007
Table 16: Egypt, GANOPE Profit Sharing (%), Bid Round Model 2019
Table 17: Egypt, GANOPE Profit Sharing (%), Bid Round Model 2016
Table 18: Egypt, GANOPE Profit Sharing (%), Bid Round Model 2014 and 2012
Table 19: Egypt, GANOPE Profit Sharing (%), Bid Round Model 2006
Table 20: Egypt, Tariff Fee, West Gharib Block H Service Contract
Table 21: Egypt, Licensee’s Remuneration (% of incremental production), Area A Service Contracts
Table 22: Egypt, Licensee Remuneration (% of incremental production), Issaran Service Contract
Table 23: References