Cyprus Upstream Fiscal and Regulatory Report

March 31, 2014
11 Pages - GLDATA18017


“Cyprus Upstream Fiscal and Regulatory Report”, GlobalData’s latest release, presents the essential information relating to the terms which govern investment into Cyprus’ upstream oil and gas sector. The report sets out in detail the contractual framework 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 Cyprus’ upstream oil and gas investment climate.


- Overview of current fiscal terms governing upstream oil and gas operations in Cyprus
- Information on the legal framework and governing bodies administering the industry
- Details of the fiscal terms governing Noble’s block 12, awarded in Cyprus’ first licensing round
- Explanation of the production sharing contracts awarded in the second licensing round
- Information on the operational and environmental regulations to which operators must adhere
- Assessment of the regime’s attractiveness to investors
- Outlook on future of fiscal and regulatory terms in Cyprus

Reasons to buy

- Understand the complex regulations and contractual requirements applicable to Cyprus’s upstream oil and gas sector
- Evaluate factors determining profit levels in the industry
- Assess current investment opportunities
- 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

Regime Overview

Key Fiscal Terms

Upfront Payments
Cost Recovery
EU Emissions Trading Scheme

Regulation and Licensing

Licensing Process
License Terms
Operational Regulations
Environmental Regulations


Contact Information

List of Tables
Cyprus, Annual Rental Fees (US$/km2), First and Second Licensing Rounds
Cyprus, Profit Oil Sharing, Block 12 (First Licensing Round)
Cyprus, Profit Gas Sharing, Block 12 (First Licensing Round)
Cyprus, Profit-Sharing Mechanism, Second Licensing Round
Cyprus, Technical and Financial Proposal Mark Scheme, Second Licensing Round

List of Figures
Regime Flow Chart


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