Insight
Nigeria fiscal reform update
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Nigeria's fiscal reform process has been ongoing for more than a decade. Following President Buhari's election victory in February 2019, it's been back to business for his administration. We provide a review of the year so far and an assessment of the pathways to fiscal reform and likely outcomes. Fiscal terms for deepwater producers are certain to toughen, but will the outcome be enough to stimulate investment in this critically important sector?
Table of contents
- The DOIBPSC Act
- Proposed amendment to the DOIBPSC Act
- Direct negotiation with the IOCs
- Why are the 1993 PSCs so important to the government?
- What about the PIB?
- The impact of fiscal uncertainty
Tables and charts
This report includes the following images and tables:
- Profit oil sharing splits for the 1993 PSCs
- Impact of DOIBPSC Act amendment by OML
- Impact of DOIBPSC act amendment on Bonga SW (OML 118 PSC)
- Impact of DOIBPSC act amendment on Preowei (OML 130 PSC)
- Annual deepwater licence awards since 1999
- Deepwater drilling & discovered resource since 1999
- Deepwater production and capital expenditure
What's included
This report contains:
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