| |
7 Pages

Are tougher African fiscal terms achieving their aim?

Are tougher African fiscal terms achieving their aim?

Report summary

World-class exploration success in a number of Sub-Saharan countries has encouraged governments to toughen fiscal terms. However, it is unclear if increasing government take is achieving the aim of maximising government revenues. Tougher terms increase the economic threshold of future discoveries and can discourage further exploration investment. But if fiscal change is managed correctly, countries can avoid creating the ‘boom-and-bust’ cycles in investment and revenue generation.

What's included?

This report includes 1 file(s)

  • Are tougher African fiscal terms achieving their aim? PDF - 317.68 KB 7 Pages, 1 Tables, 8 Figures


This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive Summary
    • Constant evolution, but delayed effect
      • Total government take in Sub-Saharan commercial assets (at 10% discount rate)
    • Mature and emerging players are modifying terms…
    • …but is it too much, too late for some plays?
      • Volumes discovered by licensing round and respective government share
      • Exploration investment and discovery size in Angola and Nigeria
      • Volumes discovered by licensing round and government share
    • What can be done?
      • Appendix 1: Fiscal Terms for new Licenses/Contracts

In this report there are 9 tables or charts, including:

  • Executive Summary
    • 2014 - US$90.00bbl long-term oil price
    • Average Government take: 2004 v 2014
    • Angola: Deepwater and Ultra-deepwater
    • Nigeria: Deepwater
    • Angola: Deepwater and Ultra-deepwater
    • Nigeria: Deepwater
    • Ghana: Deepwater
    • Mozambique: Deepwater
    • Are tougher African fiscal terms achieving their aim?: Table 1
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.