Country Report
Gabon upstream fiscal summary
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 Corporate income tax is no longer payable, as it had been under the repealed 2014 petroleum code.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
-
Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Royalty rates
- PSC cost recovery
- PSC profit sharing
- Profit sharing
- Additional petroleum taxes
- Fund for Investment Diversification (PID)
- Fund for Hydrocarbon Investment (PIH)
- Domestic market obligation
- Corporate income tax
- Fiscal treatment of decommissioning
- Product pricing
- Summary of modelled terms
- Recent history of fiscal changes
- Stability provisions
- Split of the barrel and share of profit
- Effective royalty rate and maximum government share
- Progressivity
- Fiscal deterrence
Tables and charts
This report includes 30 images and tables including:
- 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, gas
- Maximum government share - onshore/shelf, oil
- 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
- Bonuses, rentals and fees
- Indirect taxes
- Cost Recovery
- Effective contractor profit share - oil
- Effective contractor profit share - gas
- Assumed terms by location - oil
- Assumed terms by location - gas
What's included
This report contains:
Other reports you may be interested in
Country Report
Somalia upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
Country Report
Indonesia upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
Country Report
Togo upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
