Country Report

Equatorial Guinea upstream fiscal summary

Get this report

$1,650

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQ's about online orders
- Find out more about subscriptions

30 January 2019

Equatorial Guinea upstream fiscal summary

Report summary

Production sharing Contract (PSC)-based fiscal regime, with royalty rates varying with production rates, and profit oil splits based on cumulative production. Bonuses, royalty rates, cost recovery and profit share were all negotiable fiscal parameters under recent licensing rounds. The contractor is also liable for income tax. A range of bonuses, rentals and fees are also payable. The NOC has the right to take at least 20% equity in all PSCs.

Table of contents

  • Basis
  • Licence terms
  • Government equity participation
    • 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
    • Onshore
    • Payment schedule
    • Corporate income tax
    • Ring fencing
    • Base
    • Rate
    • Payment schedule
    • 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
    • Progressivity
    • Fiscal deterrence

Tables and charts

This report includes 14 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:

  • Document

    Equatorial Guinea upstream fiscal summary

    PDF 901.78 KB

Trusted by leading organisations