Country report
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15 Pages

Congo upstream fiscal summary

Congo upstream fiscal summary

Report summary

Production Sharing Contract (PSC)-based fiscal regime, where most terms are negotiable and State-owned SNPC retains the right to participate in all licences. The first claim on production is a sharing of ‘ super-profits', with all revenue above a specified base price divided between the contractor and state on favourable terms for the state. Remaining production is then available for royalty, cost recovery and profit sharing. The amount of revenue available for cost recovery...

What's included?

This report includes 1 file(s)

  • Congo upstream fiscal summary PDF - 373.46 KB 15 Pages, 14 Tables, 13 Figures


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Current licence, equity and fiscal terms
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring fencing
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
        • Super profit oil (SPO, liquids only)
        • Conventional Royalty (liquids and gas)
        • PID/PIH (liquids and gas)
      • PSC cost recovery
      • PSC profit sharing
      • Corporate income tax
      • Fiscal treatment of decommissioning
      • Product pricing
      • Summary of modelled terms
  • Fiscal stability
    • Recent history of fiscal changes
    • Stability Provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence

In this report there are 27 tables or charts, including:

  • Executive summary
    • Revenue flowchart: Congo-Brazzaville PSC
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Indirect taxes
    • SPO base prices and rates
    • Contractor SPO - onshore and shelf
    • Contractor SPO - deepwater
    • Cost recovery ceilings
    • Profit sharing
    • Current licence, equity and fiscal terms: Image 3
    • Assumed terms by location - oil
    • Assumed terms by location - gas
  • Fiscal stability
    • Timeline
    • Fiscal stability: Table 1
  • Economic analysis
    • 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
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