Country Report
Mali upstream fiscal summary
Report summary
Relatively simple Production Sharing Contract (PSC)-based fiscal regime, based on a model contract introduced in 2004. Signature bonuses are payable but are typically small; there is no royalty. Cost recovery is negotiable, whilst production splits vary on a sliding scale with production rates. The contractor is also liable for income tax. The government has the option to participate in any commercial discovery with a working interest of 10%, with the option to increase by a further 10% after reaching fixed production threshold.
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Ring fencing
- Base
- Rate
- Payment schedule
- Export tax
- Ring fencing
- Base
- Rate
- Payment schedule
- PSC cost recovery
- Ring fencing
- Base
- Rate (Cost recovery ceiling)
- Recoverable costs
- Unrecoverable costs
- PSC profit sharing
- Ring fencing
- Base
- Rate
- Payment schedule
- Corporate income tax
- Ring fencing
- Base
- Rate
- Payment schedule
- Fiscal treatment of decommissioning
- 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:
- Timeline
- Timeline details
- 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 - onshore, oil
- Effective royalty rate and minimum state share - onshore, gas
- Maximum government share and maximum state share - onshore, oil
- Maximum government share and maximum state share - onshore, 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
- Indirect taxes
- Royalty - Oil
- Royalty - Gas
- Contract profit share: assumed terms oil and gas
- Assumed terms by location - oil
What's included
This report contains:
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