Country report

Mauritania upstream fiscal summary

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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...

What's included

This report contains

  • Document

    Mauritania upstream fiscal summary

    PDF 342.27 KB

Table of contents

  • Executive summary
  • Current licence, equity and fiscal terms
  • Fiscal stability
  • Economic analysis

Tables and charts

This report includes 26 images and tables including:

Images

  • Revenue flow chart - Mauritania 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

Tables

  • Indirect taxes
  • Timeline details
  • 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
  • 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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