Country Report
Gambia 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
Companies operating in Gambia do so under Concession terms. Contracts may be awarded through licensing rounds or via direct negotiation. In 2022, the, government announced a licensing round and updated the model contract. Royalty is now linked to oil and gas prices with a minimum floor of 2.5% and maximum ceiling of 35%. There is an additional profits tax (APT) payable on a sliding scale, linked to contractor's rate of return.
Table of contents
- Basis
- License terms
- Government equity participation
-
Fiscal terms
- Royalty
- Ring fencing
- Base
- Rate
- Payment schedule
- Corporate income tax
- Ring fencing
- Base
- 10 more item(s)...
- 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 the following images and tables:
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Bonuses, Rentals and FeesSplit of the barrel - oil
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Share of profit - oilShare of barrel - gasShare of profit - gasEffective royalty rate - deepwater, oil and gasMaximum government share - deepwater, oil and gasState Share versus pre-share IRR - oilState share versus Pre-Share IRR gasInvestor IRR versus pre-share IRR - oilInvestor IRR versus Pre-Share IRR - gas
- 7 more item(s)...
What's included
This report contains:
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