Country report

Liberia upstream fiscal summary

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Report summary

PSC based on a new model contract introduced in 2014. Elements include signature bonuses, annual fees, royalties and income tax. Cost recovery is fixed at 70%, whilst production splits vary on a sliding scale by rate of return. Exploration success in the region led the government to toughen the fiscal terms. However, there has been little exploration success in Liberia. Nevertheless, Liberian fiscal terms are relatively attractive on a global scale, with government take between 60-70%.

What's included

This report contains

  • Document

    Liberia upstream fiscal summary

    PDF 337.43 KB

Table of contents

Tables and charts

This report includes 23 images and tables including:


  • Revenue flow chart - Liberia PSC
  • Timeline
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - 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
  • Effective contractor profit share - oil


  • Timeline details
  • Effective royalty rate - Oil
  • Effective royalty rate - Gas
  • Effective royalty rate - Oil/Gas
  • Maximum government share - Oil
  • Maximum government share - Gas
  • Maximum government share - Oil/Gas
  • Bonuses, rentals and fees
  • Current licence, equity and fiscal terms: Table 2
  • Profit Sharing
  • Assumed terms by location - oil
  • Assumed terms by location - Gas

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