Country Report
Mauritania upstream fiscal summary
Report summary
Production Sharing Contract (PSC)-based fiscal regime. Cost recovery ceilings are negotiable, with maximum cost ceilings of 60% for oil and 65% for gas. Profit oil splits are negotiable and are based on an R-factor, typically ranging from 50% to 70%. The income tax rate is also negotiable, with the rate applicable at the effective date of the contract set as the minimum rate. Recent contracts have had the CIT rate at 27%. There is no royalty.
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
- Fiscal treatment of decommissioning
- 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 25 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 - onshore, oil
- Effective royalty rate - shelf, oil
- Effective royalty rate - deepwater, oil
- Effective royalty rate - onshore, gas
- Effective royalty rate - shelf, gas
- Effective royalty rate - deepwater, gas
- Maximum government share - onshore/shelf, oil and gas
- Maximum government share - deepwater, oil and 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
- Profit sharing
- Effective contractor profit share - oil
- Assumed terms by location - Oil
- Assumed terms by location - Gas
What's included
This report contains:
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