Country Report
Cote d`Ivoire upstream fiscal summary
Report summary
Upstream licences are typically awarded under production sharing contract terms (PSCs) through direct negotiations or via a block tender procedure. The NOC, Petroci, typically takes a 10-30% carried interest in in commercial developments. Negotiable fiscal terms include cost recovery ceilings, profit sharing rates, signature and commerciality bonus, Petroci’s maximum interest, and various fees. The contractor has a Domestic Market Obligation (DMO). Corporate income tax is paid on the contractor’s behalf.
Table of contents
- Basis
- Licence terms
-
Government equity participation
- Bonuses, rentals and fees
-
Indirect taxes
- Royalty
- PSC cost recovery
- Base
- Rate (cost recovery ceiling)
- Recoverable costs
- Capital uplift
- Unrecovered costs
- PSC profit sharing
- Base
- Rate
- Payment schedule
- Additional petroleum taxes
- Ring fencing
- Base
- Rate
- Payment schedule
- Corporate income tax
- Ring fencing
- Base
- Income
- 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 22 images and tables including:
- Indirect taxes
- Timeline
- Timeline detail
- Split of the barrel - oil
- Split of the barrel - gas
- Share of profit - oil
- Share of profit - gas
- Effective royalty rate and minimum state share - onshore/shelf/deepwater, oil and gas
- Maximum government share and maximum state share - onshore/shelf/deepwater, oil
- Maximum government share and maximum state share - onshore/shelf/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 and fees
- Contractor profit share oil reduction rates
- Contractor profit share - oil
- Marginal vs Effective contractor profit share - oil
- Contractor profit share - gas
- Marginal vs Effective contractor profit share - gas
- 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
Cote d`Ivoire upstream summary
Cote d'Ivoire was a small, mature oil and gas producer in West Africa. Current production comes from conventional, mostly ...
$5,400
Country Report
Togo 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
