Country report
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11 Pages

Nigeria-Sao Tome JDZ upstream fiscal summary


Nigeria-Sao Tome JDZ upstream fiscal summary

Report summary

Production sharing Contract (PSC)-based fiscal regime.  Signature bonuses are a bid item, and a range of production bonuses and rentals and fees are payable.  Royalty is levied on oil production, with rates on a sliding scale wih production rates; no royalty is payable on gas production.  Cost recovery ceilings are fixed.  Profit oil is divided between the contractor and the government on a sliding scale linked to project profitability (an R-Factor calculation).  The contractor is also...

What's included?

This report includes 1 file(s)

  • Nigeria-Sao Tome JDZ upstream fiscal summary PDF - 371.03 KB 11 Pages, 10 Tables, 11 Figures

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Current licence, equity and fiscal terms
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring fencing
      • Royalty
      • PSC cost recovery
      • Corporate income tax
    • PSC profit sharing
      • Product pricing
  • Fiscal stability
    • Recent history of fiscal changes
    • Stability provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence

In this report there are 21 tables or charts, including:

  • Executive summary
    • Revenue flowchart: Nigeria-Sao Tome JDZ PSC
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Current licence, equity and fiscal terms: Table 2
    • Indirect taxes
    • Current licence, equity and fiscal terms: Table 4
    • Effective royalty - oil
    • Current licence, equity and fiscal terms: Table 5
    • Effective contractor profit share
    • Summary of modelled terms
  • Fiscal stability
  • Economic analysis
    • Economic analysis: Image 1
    • Economic analysis: Image 2
    • Economic analysis: Image 3
    • Economic analysis: Image 4
    • Effective royalty rate and minimum state share
    • Economic analysis: Table 2
    • Maximum government share and maximum state share
    • Economic analysis: Table 4
    • 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
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