Country Report
Benin upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Simple Production Sharing Contract (PSC)-based fiscal regime, where the State has the option to back in to any commercial development at a 15% equity. Royalty rates are negotiable within a range of 10% to 15% for crude oil and a 2.5% and 5% range for gas. Cost recovery ceilings are negotiable up to a maximum rate, depending on location. Profit-sharing is based on a sliding scale linked to production rate thresholds. Both profit share rates and production thresholds are negotiable.
Table of contents
- Basis
- Licence terms
- Government equity participation
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Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- PSC cost recovery
- PSC profit sharing
- Corporate income tax
- Product pricing
- 1 more item(s)...
- 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 the following images and tables:
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TimelineTimeline detailSplit of the barrel - oil
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Split of the barrel - gasShare of profit - oilShare of profit - gasEffective royalty rate - onshore/shelf, oilEffective royalty rate - deepwater, oilEffective royalty rate - onshore/shelf, gasEffective royalty rate - deepwater, gasMaximum government share - onshore/shelf, oilMaximum government share - deepwater, oil
- 16 more item(s)...
What's included
This report contains:
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