Country report
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12 Pages

Senegal upstream fiscal summary

Senegal upstream fiscal summary

Report summary

Simple Production Sharing Contract (PSC)-based fiscal regime, with no royalty. The amount of revenue available for cost recovery is a negotiable item but typical ceilings are 60% onshore, 70% in shallow water and 75% in deepwater. Production remaining after cost recovery is divided between the contractor and the government on a sliding scale linked to production levels and location.  The contractor is also liable for corporate income tax.   The barrel = lifetime revenue / field...

What's included?

This report includes 1 file(s)

  • Senegal upstream fiscal summary PDF - 349.56 KB 12 Pages, 14 Tables, 12 Figures


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
      • Bonuses, Rentals and Fees
      • Indirect taxes
      • Royalty
      • PSC cost recovery
      • PSC profit sharing
      • Additional petroleum taxes
        • Domestic Market Obligation (DMO)
      • Corporate income tax
      • Product pricing
      • Summary of modelled terms
  • Fiscal stability
    • Recent history of fiscal changes
      • Timeline
      • Timeline detail
    • Stability Provision
  • 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 26 tables or charts, including:

  • Executive summary
    • Revenue flow chart: Senegal PSC
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Indirect taxes
    • Cost recovery
    • Profit sharing - Oil
    • Profit sharing - Gas
    • Contractor Share Oil
    • Contractor Share Gas
    • Assumed terms by location - Oil
    • Assumed terms by location - Gas
  • Fiscal stability
    • Fiscal stability: Image 1
    • Fiscal stability: Table 1
  • Economic analysis
    • Split of the barrel - oil
    • Split of the barrel - gas
    • Share of profit - oil
    • Share of profit - gas
    • Economic analysis: Table 1
    • Economic analysis: Table 2
    • Economic analysis: Table 3
    • Maximum government share – onshore, oil and gas
    • Maximum government share – shelf, oil and gas
    • Maximum government share – deepwater, oil and 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
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