Country Report

Chad upstream fiscal summary

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Both Concession and Production Sharing Contract (PSC) agreements exist in Chad. However, recent blocks have been awarded under PSC terms, first introduced in 2007, and currently based on the 2010 model PSC and the Petroleum Law amended in 2010. The PSC terms are relatively straight-forward. They comprise of flat-rate royalty and cost recovery, with profit sharing based on an R-Factor mechanism. All key fiscal parameters are negotiable. Corporate Income Tax (CIT) is paid by the government on behalf of the contractor.

Table of contents

  • Basis
  • Licence Terms
  • Government equity participation
    • Bonuses, rentals and fees
    • Indirect taxes
    • Royalty
    • Ring fencing
    • Base
    • Rate
    • PSC cost recovery
    • Base
    • Rate (cost recovery ceiling)
    • Unrecovered costs
    • PSC profit sharing
    • Payment schedule
    • Corporate income tax
    • Ring fencing
    • Base
    • Deductions
    • Rate
    • Payment schedule
    • Fiscal treatment of decommissioning
    • 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 18 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,oil
  • Effective royalty rate - onshore,gas
  • Maximum government share - onshore,oil
  • Maximum government share - onshore, 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
  • Profit sharing
  • Assumed terms by location - Oil/Gas

What's included

This report contains:

  • Document

    Chad upstream fiscal summary

    PDF 952.42 KB