Are tougher African fiscal terms achieving their aim?
This report is currently unavailable
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.
Table of contents
-
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
Tables and charts
This report includes 9 images and tables including:
- 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
What's included
This report contains:
Other reports you may be interested in
03 August 2016
Petroleum fiscal and licensing month in brief: August 2016
Petroleum fiscal and licensing month in brief: August 2016
The fiscal and licensing month in brief will keep you up to date with fiscal system changes and licensing round developments.
$1,35031 March 2016
Syria Palmyride Foldbelt exploration basin
Syria Palmyride Foldbelt exploration basin
Low discovery and development costs provides full cycle returns but Civil War is impacting exploration in the basin.
$1,65024 November 2016
Libya Sirte exploration basin
Libya Sirte exploration basin
This asset report has been archived. For more information please contact the analyst.
$1,650
