Country report

Namibia upstream fiscal summary

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Report summary

Relatively simple Concession-based fiscal regime with new terms introduced for the most recent, third and fourth licensing rounds. Royalty and Petroleum Income Tax (PIT) rates are fixed and payable. There is an additional profits tax payable on a sliding scale linked to contractors rate of return, which kicks in at anything over a 15% IRR. Split of the Barrel The barrel = lifetime revenue / field reserves. Profit = revenue – costs from barrel charts. For further details see New...

What's included

This report contains

  • Document

    Namibia upstream fiscal summary

    PDF 394.28 KB

Table of contents

Tables and charts

This report includes 19 images and tables including:


  • Executive summary: Image 1
  • 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
  • APT - marginal and effective rates


  • Timeline details
  • Effective royalty rate and minimum state share - onshore/shelf/deepwater
  • Maximum government share and maximum state share - onshore
  • Bonuses, rentals and fees
  • Indirect taxes
  • APT - tranches and rates
  • Assumed terms by location - oil and gas
  • Economic analysis: Table 3

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