Country Report
Cameroon upstream fiscal summary
Report summary
Production Sharing Contract (PSC) based fiscal regime, governed in accordance with the 2019 Petroleum Code. Cost recovery was fixed at 70% for oil and 85% for gas in the most recent bid round. Production remaining after cost recovery is divided between the NOC (SNH) and the contractor on a sliding scale, linked to an "R" Factor. The contractor is also liable for corporate income tax, bonuses, rentals and fees.
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Ring Fencing
- Bonuses, rental and fees
- Indirect Taxes
- Royalty
- PSC cost recovery
- PSC profit sharing
- Corporate income tax
- Fiscal treatment of decommissioning
- Product pricing
- Assumed 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 26 images and tables including:
- Timeline
- Timeline detail
- Split of the barrel - oil
- Split of the barrel - gas
- Share of the profit - oil
- Share of the profit - gas
- Effective royalty rate - oil
- Effective royalty rate - gas
- Maximum government share - onshore, oil
- Maximum government share - onshore, gas
- Maximum government share - shelf, oil
- Maximum government share - shelf, gas
- Maximum government share - deepwater, oil
- 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 fees
- Indirect taxes
- Profit share tiers - oil
- Profit share tiers - gas (under 150 mmcfd)
- Contractor profit share rates - oil
- Contractor profit share rates - gas (under 150 mmcfd)
- Assumed terms by location - oil
- Assumed terms by location - gas
What's included
This report contains:
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