Country report

Nigeria upstream fiscal summary

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Report summary

In 2008 the Government published a draft Petroleum Industry Bill (PIB) proposing fundamental reforms for the industry. Most controversially it proposes to increase Government Share on all deepwater oil and gas projects. However after four years the PIB has not yet passed into law and it is most likely to be delayed until late 2012 at the earliest. Only then will the impact on the industry be clear. This uncertainty has contributed to a downturn in deepwater E&A activity and project...

What's included

This report contains

  • Document

    Nigeria upstream fiscal summary

    PDF 399.58 KB

Table of contents

  • Executive summary
  • Current licence, equity and fiscal terms
  • Fiscal stability
  • Economic analysis

Tables and charts

This report includes 36 images and tables including:

Images

  • Revenue flowchart: Nigeria PSC
  • Timeline
  • Economic analysis: Image 1
  • Economic analysis: Image 2
  • Economic analysis: Image 3
  • Share of profit - 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
  • Effective contractor profit share - oil

Tables

  • Timeline detail
  • Effective royalty rate - onshore, oil
  • Bonuses, rentals and fees
  • Indirect taxes
  • Current licence, equity and fiscal terms: Table 3
  • Current licence, equity and fiscal terms: Table 4
  • Cost recovery
  • Current licence, equity and fiscal terms: Table 10
  • Assumed terms by location - oil
  • Assumed terms by location - gas
  • Economic analysis: Table 2
  • Effective royalty rate - deepwater, oil
  • Economic analysis: Table 4
  • Economic analysis: Table 5
  • Economic analysis: Table 6
  • Maximum government share - onshore, oil
  • Economic analysis: Table 8
  • Economic analysis: Table 9
  • Economic analysis: Table 10
  • Economic analysis: Table 11
  • Economic analysis: Table 12
  • Current licence, equity and fiscal terms: Table 6
  • Current licence, equity and fiscal terms: Table 7
  • Current licence, equity and fiscal terms: Table 8
  • Current licence, equity and fiscal terms: Table 9

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