Country Report
Equatorial Guinea upstream fiscal summary
Report summary
Production sharing Contract (PSC) based fiscal regime, governed by the 2006 Hydrocarbon Law. The state is entitled to a minimum 20% stake in any PSC, carried through the exploration phase. The main fiscal provisions are biddable. In recent licensing rounds, state participation, bonuses, royalty rates, cost recovery and profit share were all biddable fiscal parameters. Royalties were subject to a minimum rate of 13% defined in the law.
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Bonuses, rentals and fees
- Bonuses, rentals and fees
- Indirect taxes
- Indirect taxes
- Royalty
- Ring fencing
- Base
- Rate
- Payment schedule
- PSC production sharing
- Ring fencing
- PSC cost recovery
- Base
- Rate
- Recoverable costs
- Unrecovered costs
- Excess cost recovery
- PSC profit sharing
- Rate
- Offshore
- Payment schedule
- Corporate income tax
- Ring fencing
- Base
- Rate
- Payment schedule
- Additional Petroleum Taxes
- Domestic Market Obligation
- Fiscal treatment of decommissioning costs
- Product pricing
- Summary of modelled terms
- Assumed terms by location - oil
- Assumed terms by location - gas
- 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 20 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 and gas
- Effective royalty rate - shelf, deepwater, oil and gas
- Maximum government share - onshore, oil and gas
- Maximum government share - shelf, deepwater, oil and 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
What's included
This report contains:
Other reports you may be interested in
Country Report
Equatorial Guinea upstream summary slides
To complement our more detailed Equatorial Guinea upstream summary we provide a slide-pack of the key issues in Equatorial Guinea.
$2,700
Country Report
Indonesia upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
Country Report
Sudan upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
