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.
 

- Available as part of a subscription
- FAQ's about online orders

04 July 2018

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

  • Executive summary
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • 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
      • Effective royalty rate - deepwater, oil
    • Progressivity
      • State share versus Pre-Share IRR - gas
    • Fiscal deterrence

Tables and charts

This report includes 26 images and tables including:

  • Revenue flowchart: Benin PSC
  • Timeline
  • Timeline detail
  • Economic analysis: Table 1
  • Economic analysis: Table 2
  • Effective royalty rate - onshore, oil
  • State share versus Pre-Share IRR - oil
  • Investor IRR versus Pre-Share IRR - oil
  • Investor IRR versus Pre-Share IRR - gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • Royalty rates - oil
  • Royalty rates - gas
  • Profit sharing
  • Effective contractor profit share - oil
  • Effective contractor share profit - gas
  • Assumed terms by location - oil
  • Assumed terms by location - gas
  • Economic analysis: Table 4
  • Effective royalty rate - onshore, gas
  • Effective royalty rate - deepwater, gas
  • Economic analysis: Table 7
  • Maximum government share – deepwater, oil
  • Maximum government share – onshore, gas
  • Maximum government share – deepwater, gas
  • Economic analysis: Image 2

What's included

This report contains:

  • Document

    Benin upstream fiscal summary

    PDF 315.28 KB

Other reports you may be interested in

Browse reports by Industry Sector