Fiscal systems for oil in Sub-Saharan Africa

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Report summary

Sixteen countries have made notable fiscal changes since 2010 and a further 11 have announced an intention to do so.  Two main themes have emerged.  The first is a toughening of terms in response to exploration success and the second is updating hydrocarbon laws to capture current trends in the industry and make terms fit-for-purpose.

What's included

This report contains

  • Document

    Fiscal systems for oil in Sub-Saharan Africa

    PDF 563.97 KB

Table of contents

  • Executive Summary
  • The rationale for change
  • The undeveloped 44 billion barrel conundrum
  • The geography of fiscal change
    • Case studies from the established producers
    • Nigeria
    • Angola
    • Gabon
    • Congo (Brazzaville)
    • Tanzania
    • Uganda
    • Kenya
    • Mauritania
    • South Africa
    • Senegal
  • Is Africa still an attractive place to invest?
  • Fiscal terms are only part of the puzzle
  • The way forward

Tables and charts

This report includes 8 images and tables including:


  • Government share in a large medium cost oil discovery


  • Forecast Government Tax Revenues
  • Development status of 48 billion barrels discovered
  • Recent fiscal changes in Africa (2010-2015)
  • Government share for future shelf oil projects
  • State share for future shelf oil projects at US$50/bbl
  • Government Share in Nigerian Deepwater Contracts at US$50.00/bbl
  • Fiscal impact of the proposed 2015 Kenya PSC

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