Country Report
Guinea Bissau upstream fiscal summary
Report summary
Production Sharing Contract (PSC)-based fiscal regime, where royalty rates and profit oil splits vary with production rates, with some incentives for deepwater operations. Cost recovery is negotiable. The contractor is liable for income tax, and there is an additional profits tax (the Supplementary Tax) which is based upon project profitability. The NOC is entitled to a 10% interest in deepwater blocks and 20-30% interest in onshore/shallow water assets.
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- PSC Cost Recovery
- PSC Profit Sharing
- Corporate Income Tax
- Additional Profit Tax
- 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 28 images and tables including:
- Timeline
- Timeline details
- Split of the barrel - oil
- Split of the barrel - gas
- Share of profit - oil
- Share of profit - gas
- Effective royalty rate - shelf, oil
- Effective royalty rate - deepwater, oil
- Effective royalty rate - shelf, gas
- Effective royalty rate - deepwater, gas
- Maximum government share - shelf, oil
- Maximum government share - deepwater, oil
- Maximum government share - 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
- Royalty rates
- Profit sharing
- Effective contractor profit share - oil
- Effective contractor profit share - gas
- Supplementary Tax
- Assumed terms by location - oil
- Assumed terms by location - gas
What's included
This report contains:
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