Country report
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12 Pages

Mauritania upstream fiscal summary


Mauritania upstream fiscal summary

Report summary

Production Sharing Contract (PSC)-based fiscal regime. The State has the option to take 12% in any development licence, and to increase its equity (16% was agreed for Chinguetti) when production exceeds a negotiated threshold (75,000 b/d for Chinguetti).  Signature bonuses and a range of production bonuses and other rentals are payable.  There is no royalty; cost recovery ceilings are negotiable, whilst profit oil splits are biddable and are based upon production rates and water depth.  The...

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  • Mauritania upstream fiscal summary PDF - 342.27 KB 12 Pages, 15 Tables, 11 Figures

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Current licence, equity and fiscal terms
    • 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
  • Fiscal stability
    • Recent history of fiscal changes
    • Stability provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence

In this report there are 26 tables or charts, including:

  • Executive summary
    • Revenue flow chart - Mauritania PSC
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Current licence, equity and fiscal terms: Table 2
    • Indirect taxes
    • Profit Sharing
    • Effective contractor profit share - oil
    • Assumed terms by location - Oil
    • Assumed terms by location - Gas
  • Fiscal stability
    • Timeline
    • Timeline details
  • Economic analysis
    • Split of the barrel - oil
    • Split of the barrel - gas
    • Share of profit - oil
    • Share of profit - gas
    • Effective royalty rate - onshore, oil
    • Effective royalty rate - shelf, oil
    • Effective royalty rate - deepwater, oil
    • Effective royalty rate - onshore, gas
    • Effective royalty rate - shelf, oil
    • Effective royalty rate -deepwater, oil
    • Maximum government share - onshore/shelf, oil
    • Maximum government share - deepwater, oil
    • 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
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