Niger upstream fiscal summary Report

Country Report 25 May 2023

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Report summary

Upstream petroleum agreements are awarded under production sharing contract terms (PSCs). The main fiscal terms are negotiable, within ranges defined in the law. Royalty rates may vary between 5% and 15% for oil, and between 2.5% and 5% for gas. Cost recovery ceiling rates may vary between contracts but are typically at the maximum rate of 70% defined in the law. Profit oil is split between contractor and government on a sliding scale linked to project profitability (R-factor). The contractor's liability for income tax is paid on its behalf from the government's share of profit oil. The state has an option to participate in any commercial discovery up to an interest of 20%.

Basis
Licence terms
Government equity participation
Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Ring fencing
- Base
- Rate
- Payment schedule
- PSC production sharing
- Ring fencing
- Base
- Rate (cost recovery ceiling)
- Recoverable costs
- Rate
- Corporate income tax
- Fiscal treatment of decommissioning costs
- 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