Country Report

Benin upstream fiscal summary

Get this report

$1,650

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQ's about online orders
- Find out more about subscriptions

22 October 2019

Benin upstream fiscal summary

Report summary

Simple Production Sharing Contract (PSC)-based fiscal regime, where the State has the option to back in to any commercial development up to a maximum of 15% equity provided that a minimum of 20,000 b/d is produced from the discovery. Royalty (known as Petroleum Production Tax, or PPT) is levied at a flat rate on both oil and gas, whilst cost recovery ceilings are negotiable up to 80%. Production remaining after PPT and cost recovery is divided between the government and contractor on a...

Table of contents

  • Basis
  • Licence terms
  • Government equity participation
    • Ring fencing
    • Bonuses, rentals and fees
    • Indirect taxes
    • Royalty
    • PSC cost recovery
    • PSC profit sharing
    • Corporate income tax
    • Product pricing
    • Summary of modelled terms
  • 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 28 images and tables including:

  • Timeline
  • Timeline detail
  • 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
  • Bonuses, Rentals and Fees
  • Indirect Taxes
  • Royalty Rates
  • Cost Recovery Ceilings
  • Profit Sharing - Oil
  • Profit Sharing - Gas
  • Effective contractor share profit - oil
  • Effective contractor share profit - gas
  • Assumed terms by location - oil
  • Assumed terms by location - gas

What's included

This report contains:

  • Document

    Benin upstream fiscal summary

    PDF 963.88 KB

Trusted by leading organisations