Summary
“Germany Upstream Fiscal and Regulatory Report - Decentralized Regime Holds Potential for Frequent Changes”, presents the essential information relating to the terms which govern investment into Germany’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 Germany’s upstream oil and gas investment climate.
Scope
- Overview of current fiscal terms governing upstream oil and gas operations in Germany
- 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 Germany
Reasons to buy
- Understand the complex regulations and contractual requirements applicable to Germany’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
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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 Rental Fees 6
4.2 Royalties 6
4.2.1 Lower Saxony 6
4.2.2 Schleswig-Holstein 7
4.2.3 Baden-Württemberg 8
4.2.4 Rhineland Palatinate 8
4.2.5 Bavaria 9
4.2.6 Hamburg 9
4.2.7 Mecklenburg-Vorpommern 9
4.2.8 Brandenburg 9
4.2.9 Saxony-Anhalt 9
4.2.10 Thuringia 9
4.2.11 Bremen 9
4.3 Direct Taxation 9
4.3.1 Corporate Income Tax 9
4.3.2 Solidarity Surcharge 9
4.3.3 Trade Tax 10
4.3.4 Deductions and Depreciation 10
4.3.5 Withholding Tax 10
4.4 Indirect Taxation 11
4.4.1 Value-Added Tax 11
4.4.2 EU Emissions Trading Scheme 11
5 Regulation and Licensing 12
5.1 Legal Framework 12
5.1.1 Governing Law 12
5.1.2 Contract Type 12
5.1.3 Title to Hydrocarbons 12
5.2 Institutional Framework 13
5.2.1 Licensing and Regulatory Authority 14
5.3 Licensing Process 14
5.4 License Terms 15
5.4.1 Duration 15
5.4.2 Environmental Regulation 15
5.4.3 Restrictions on Hydraulic Fracturing 15
6 Outlook 16
7 Contact Information 17
1.1 List of Tables
Table 1: Summary 3
Table 2: Germany, Lower Saxony Royalty Rates (%), 2004-2016 7
Table 3: Germany, Schleswig-Holstein Royalty Rates (%), 2004-2016 8
Table 4: Germany, Baden-Württemberg Royalty Rates (%), 2006-2016 8
Table 5: Germany, Rhineland Palatinate Royalty Rates (%), 2005-2016 8
Table 6: Germany, Corporate Income Tax Rate (%), 2000-2016 9
Table 7: Germany, Tangible Asset Depreciation, 2016 10
Table 8: Germany, State-Level Mining Legislation, 2016 12
Table 9: Germany, State-Level Mining Authorities 14
1.2 List of Figures
Figure 1: Regime Flow Chart 4
Figure 2: Germany, Indicative State Take and Royalty Comparison - Internal, 2016 5
Figure 3: Germany, Indicative NPV10/boe, IRR and State Take Comparison - Regional, 2016 5
Figure 4: Germany, Legal Framework 12
Figure 5: Germany, Institutional Framework 13
