Country Report
Congo upstream fiscal summary
Report summary
Congo Brazzaville offers investors production sharing contract terms (PSCs) through licensing rounds or direct negotiations. The government participates in upstream licenses via SNPC, the exclusive license holder, and must have an initial carried interest of at least 15%. Negotiable fiscal terms include cost recovery ceilings, excess cost oil shares, super profit oil shares, profit oil shares, signature bonuses and various fees. Income taxes are paid on the contractor’s behalf, and royalty rates are non-negotiable.
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Conventional Royalty (liquids and gas)
- PID/PIH (liquids and gas)
- Super profit oil (SPO, liquids only)
- PSC cost recovery
- PSC profit sharing
- Corporate income tax
- 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 26 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 and shelf, oil
- Effective royalty rate - deepwater, oil
- Effective royalty rate - gas
- Maximum government share - onshore and shelf, oil
- Maximum government share - deepwater, oil
- Maximum government share - 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
- SPO base prices and rates
- Contractor SPO - onshore and shelf
- Contractor SPO - deepwater
- Cost recovery ceilings
- Profit sharing
- Assumed terms by location - oil
- Assumed terms by location -gas
What's included
This report contains:
Other reports you may be interested in
Country Report
Indonesia upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
Country Report
Somalia upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
Country Report
Equatorial Guinea upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
