Country Report
Guinea Bissau/Senegal JEZ upstream fiscal summary
Report summary
Simple Production Sharing Contract (PSC)-based fiscal regime, with no royalty. The joint commission established to administer the maritime zone between Senegal and Guinea Bissau, Agence de Gestion et de Coopération entre le Guinée Bissau et le Sénégal (AGC), can take equity in each PSC. The amount of revenue available for cost recovery is a negotiable item but is typically 70%. Production remaining after cost recovery is divided between the contractor and the government on a sliding scale linked to production.
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
- Product Pricing
- Summary of modelled terms
-
Recent history of fiscal changes
- Timeline
- 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 15 images and tables including:
- Split of the barrel - oil
- Split of the barrel - gas
- Share of profit - oil
- Share of profit - gas
- Effective royalty rate and minimum state share
- Maximum government share and maximum state share
- 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
- Profit Sharing
- Effective contractor profit share - oil
- Effective contractor profit share - oil
- Assumed terms by location - gas
What's included
This report contains:
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