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5 Pages

New Petroleum Code threatens Gabon's deepwater aspirations


New Petroleum Code threatens Gabon's deepwater aspirations

Report summary

In early 2014, the government of Gabon gazetted the much delayed Petroleum Code. The big changes proposed include an increase in production royalties, introduction of corporate income taxes and back-in rights for the national oil company. Tightening of fiscal regimes is a recurring trend across Sub-Sahara Africa.  However, in other established producing countries like Nigeria and Angola, the fiscal terms were tightened after billion barrel discoveries were made. 

What's included?

This report includes 2 file(s)

  • New Petroleum Code threatens Gabon's deepwater aspirations PDF - 292.52 KB 5 Pages, 2 Tables, 2 Figures
  • Gabon Insight.xls XLS - 71.50 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

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  • Petroleum code finally gazetted
  • Highlights of the code
    • Fiscal terms
    • Role of Gabon Oil Company (GOC)/Government of Gabon
    • Gas monetisation/flaring
    • Local content
  • Impact on existing players
  • What of the 2013 deepwater licences?

In this report there are 4 tables or charts, including:

  • Petroleum code finally gazetted
  • Highlights of the code
    • Deepwater fiscal summary
    • Onshore/shelf fiscal summary
  • Impact on existing players
    • Gabon production outlook (working interest production by company)
    • Licensed Deepwater acreage holders
  • What of the 2013 deepwater licences?
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