Country Report
Sudan upstream fiscal summary
Report summary
Upstream licences in Sudan are awarded under production sharing contract terms (PSCs) which are governed by the 1972 Petroleum Resources Act (as amended in 1975). The application and aThe National Oil Company (NOC), Sudapet, typically takes a 5-20% stake in any commercial development comprising a carried interest through the exploration and development phase. warding of licences are negotiated on an ad hoc basis. The main production sharing terms are cost recovery and profit sharing, which are negotiated, subject to certain limits. Royalty is levied at flat rates and is negotiated. Corporate income tax is paid by Sudapet.
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Bonuses, rentals and fees
-
Indirect taxes
- Royalty
- PSC cost recovery
- PSC Profit Sharing
- Corporate income tax
- Product pricing
- Summary of modelled terms
- Assumed terms by location - oil
- Assumed terms by location - gas
- Recent history of fiscal changes
- Stability provisions
- Split of the barrel and share of profit
- Effective royalty rate and maximum government share
- Progressivity
- Fiscal deterrence
Tables and charts
This report includes 24 images and tables including:
- Split of the barrel - oil
- Split of the barrel - gas
- Share of profit - oil
- Share of profit - gas
- Effective royalty rate - onshore/shelf, Oil
- Effective royalty rate - deepwater, Oil
- Effective royalty rate - onshore/shelf, Gas
- Effective royalty rate - deepwater, Gas
- Maximum government share - onshore/shelf, Oil
- Maximum government share - deepwater, Oil
- Maximum government share - onshore/shelf, Gas
- Maximum government share - deepwater, Gas
- State share versus Pre-Share IRR - oil
- State share versus Pre-Share IRR - gas
- Investor IRR versus Pre-Share IRR - oil
- Investor IRR versus Pre-Share IRR - gas
What's included
This report contains:
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