Country Report
Mozambique upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Upstream licences in Mozambique are awarded under production sharing contract (PSC) terms which are governed by the 2014 Petroleum Law. The application and awarding of licences are negotiated through bids submitted in licensing rounds. The National Oil Company (NOC), Empresa Nacional de Hidrocarbonetos de Mocambique (ENH), is entitled to a minimum 10% stake in any commercial development, comprising a carried interest through the exploration phase. The main production sharing terms are cost recovery which is fixed and profit sharing linked to an R-factor which is biddable subject to certain limits. Royalty (known as Petroleum Production Tax or IPP) is levied at flat rates and is fixed.
Table of contents
- Basis
- Licence terms
- Government equity participation
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Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- PSC cost recovery
- PSC profit sharing
- Additional petroleum taxes
- Domestic market obligation
- 2 more item(s)...
- 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 the following images and tables:
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TimelineTimeline detailsSplit of the barrel - Oil
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Split of the barrel - gasShare of profit - OilShare of profit - GasEffective royalty rate - OilEffective royalty rate - GasMaximum government share - OilMaximum government share - GasState share versus Pre-Share IRR - OilState share versus Pre-Share IRR - Gas
- 9 more item(s)...
What's included
This report contains:
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