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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...
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.
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Country report | Aug 2016
Gabon upstream fiscal summary
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