Country Report

Guinea upstream fiscal summary

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04 July 2018

Guinea upstream fiscal summary

Report summary

Relatively simple Production Sharing Contract (PSC) fiscal regime, with no bonuses, a flat royalty rate but negotiable cost recovery ceiling and profit oil splits (based on production rates).  There are no specific terms available for deepwater developments.   Split of the Barrel The barrel = lifetime revenue / field reserves. Profit = revenue – costs from barrel charts.  For further details see New Investment: Methodology. Source: Wood Mackenzie

Table of contents

  • Executive summary
    • 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
      • 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 20 images and tables including:

  • Revenue flow chart - Guinea PSC
  • Timeline
  • Timeline details
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • Effective royalty rate - oil
  • Effective royalty rate - oil
  • 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
  • Indirect taxes
  • Profit Sharing
  • Effective contractor profit share - oil
  • Effective contractor profit share - gas
  • Assumed terms by location - oil

What's included

This report contains:

  • Document

    Guinea upstream fiscal summary

    PDF 251.35 KB