Country Report

Gabon upstream fiscal summary

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05 July 2018

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...

Table of contents

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

Tables and charts

This report includes 31 images and tables including:

  • Executive summary: Image 1
  • Timeline
  • Timeline detail
  • 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
  • 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
  • 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
  • Economic analysis: Table 5
  • Maximum government share - deepwater, oil
  • Maximum government share - onshore/shelf, gas
  • Maximum government share - deepwater, gas

What's included

This report contains:

  • Document

    Gabon upstream fiscal summary

    PDF 332.79 KB

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