Country Report

Guinea Bissau upstream fiscal summary

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04 July 2018

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.   Split of the Barrel The barrel = lifetime revenue / field reserves. Profit = revenue – costs from barrel charts.  For further details see...

Table of contents

    • Flowchart - Guinea Bissau PSC
    • 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 29 images and tables including:

  • Executive summary: Image 1
  • Current licence, equity and fiscal terms: Table 1
  • 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
  • Current licence, equity and fiscal terms: Image 1
  • Effective contractor profit share - gas
  • Current licence, equity and fiscal terms: Table 5
  • Current licence, equity and fiscal terms: Image 3
  • Assumed terms by location - oil
  • Assumed terms by location - gas

What's included

This report contains:

  • Document

    Guinea Bissau upstream fiscal summary

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