Country report
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15 Pages

Gabon upstream fiscal summary


Gabon upstream fiscal summary

Report summary

Both concession and production sharing (PSC) fiscal terms exist in Gabon. Older fields (pre-1977) operate under the terms of a concession agreement whereby only royalty and corporation tax is paid; these terms are still valid, where those fields are still producing. However, recent and future awards are taxed under PSC terms, first introduced in 1977.  Incentives for deepwater developments exist through higher cost recovery ceilings and profit oil splits. PSCs are generally negotiable and...

What's included?

This report includes 1 file(s)

  • Gabon upstream fiscal summary PDF - 412.91 KB 15 Pages, 17 Tables, 14 Figures

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
    • Revenue flowchart: Gabon PSC
  • Current licence, equity and fiscal terms
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring fencing
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • PSC cost recovery
      • PSC profit sharing
  • Fiscal stability
    • Recent history of fiscal changes
    • Stability provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
      • Maximum government share - onshore/shelf, oil
    • Progressivity
    • Fiscal deterrence

In this report there are 31 tables or charts, including:

  • Executive summary
    • Executive summary: Image 1
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Current licence, equity and fiscal terms: Table 2
    • Indirect taxes
    • Royalty rates
    • Effective royalty - oil
    • Effective royalty - gas
    • Cost recovery
    • Current licence, equity and fiscal terms: Table 6
    • Effective contractor profit share - oil
    • Effective contractor profit share - gas
    • Current licence, equity and fiscal terms: Table 7
    • Current licence, equity and fiscal terms: Table 8
  • Fiscal stability
    • Timeline
    • Timeline detail
  • Economic analysis
    • Split of the barrel - oil
    • Split of the barrel - gas
    • Share of profit - oil
    • Share of profit - gas
    • Effective royalty rate - onshore/shelf, oil
    • Effective royalty rate - deepwater, oil
    • Effective royalty rate - onshore/shelf, gas
    • Effective royalty rate - deepwater, oil
    • Economic analysis: Table 5
    • Maximum government share - deepwater, oil
    • Maximum government share - onshore/shelf, gas
    • Maximum government share - deepwater, 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
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