Country Report
Nigeria-Sao Tome JDZ upstream fiscal summary
Report summary
Production sharing Contract (PSC)-based fiscal regime covering the deepwater Joint Development Zone in the Gulf Of Guinea. The main production sharing terms are cost recovery and profit sharing linked to an R-factor. Royalty is levied on oil based on production rates and is fixed. Corporate income tax (known as Petroleum Income Tax or PIT) is also levied. Bonuses and minor rentals and fees are included in all contracts.
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- PSC cost recovery
- Corporate income tax
-
PSC profit sharing
- 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
Tables and charts
This report includes 20 images and tables including:
- Profit sharing
- Effective contractor profit share
- Split of the barrel - oil
- Split of the barrel - gas
- Share of profit - oil
- Share of profit - gas
- Effective royalty rate - deepwater, oil
- Effective royalty rate - deepwater, gas
- Maximum government share - deepwater, oil
- Maximum government share - deepwater, 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
- Bonuses, rentals and fees
- Production bonuses
- Indirect taxes
- Royalty rates
- Effective royalty - oil
- Assumed terms by location
What's included
This report contains:
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