Country Report
Gabon upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Upstream licences are awarded under production sharing contract (PSC) terms, governed by the 2019 Petroleum Law. The application and awarding of licences are negotiated through bids submitted in licensing rounds or by direct negotiation. The state is entitled to a maximum 10% stake in any PSC, comprising a carried interest through the exploration phase. The state has the option for this equity to be carried through development and production phases. The main biddable terms are profit sharing, cost recovery, state participation and royalties. Corporate income tax is no longer payable, as it had been under the repealed 2014 petroleum code.
Table of contents
- Basis
- Licence terms
- Government equity participation
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Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Royalty rates
- PSC cost recovery
- PSC profit sharing
- Profit sharing
- 8 more item(s)...
- Recent history of fiscal changes
- Stability provisions
- Split of the barrel and share of profit
- Effective royalty rate and maximum government share
- Progressivity
- 1 more item(s)...
Tables and charts
This report includes the following images and tables:
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TimelineTimeline detailSplit of the barrel - oil
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Split of the barrel - gasShare of profit - oilShare of profit - gasEffective royalty rate - onshore/shelf, oilEffective royalty rate - deepwater, oilEffective royalty rate - onshore/shelf, gasEffective royalty rate - deepwater, gasMaximum government share - onshore/shelf, oilMaximum government share - deepwater, oil
- 18 more item(s)...
What's included
This report contains:
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