Country Report
Congo upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
- 5 more item(s)...
- 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 the following images and tables:
- 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
- 14 more item(s)...
What's included
This report contains:
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