Country report
France upstream fiscal summary
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Report summary
Simple Concession fiscal regime, with royalty, corporate income tax and some local taxes. Royalty rates and local taxes vary with production rates and the vintage of the field development. Offshore fields are exempt from royalty and local taxes. Split of the Barrel The barrel = lifetime revenue / field reserves. Profit = revenue – costs from barrel charts. For further details see New Investment: Methodology. Source: Wood Mackenzie
What's included
This report contains
Table of contents
- Executive summary
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Current licence, equity and fiscal terms
- Basis
- Licence terms
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Government equity participation
- There is no state equity participation.
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Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Additional petroleum taxes
- Corporate income tax
- Product pricing
- Summary of modelled terms
-
Fiscal stability
- Recent history of fiscal changes
- Stability provisions
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Economic analysis
- Split of the barrel and share of profit
- Effective royalty rate and maximum government share
- Progressivity
- Fiscal deterrence
Tables and charts
This report includes 21 images and tables including:
Images
- Revenue flowchart: France Concession
- Timeline
- Split of the barrel - oil
- Split of the barrel - gas
- Share of profit - oil
- Share of profit - 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
Tables
- Timeline details
- Effective royalty rate - Oil
- Effective royalty rate - onshore, Gas
- Effective royalty rate - oil and gas
- Maximum government share - Onshore, Oil
- Maximum government share - Onshore, Gas
- Maximum government share - Oil and gas
- Bonuses, rentals and fees
- Indirect taxes
- Royalty rates
- Assumed terms by location - oil and gas
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