Country Report

Sierra Leone upstream fiscal summary

Get this report

$1,650

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

28 June 2018

Sierra Leone upstream fiscal summary

Report summary

Very simple concession-based fiscal system with lower royalty rates for deepwater and gas projects. The Venus and Mercury discoveries in 2009 and 2010 attest to the presence of a working hydrocarbon system, and the potential for the extension of the prolific deepwater Cretaceous play. With no current production in the country, a Jubilee-type discovery has the potential to change the face of Sierra Leone's financial, social and political outlook.   The barrel = lifetime revenue / field...

Table of contents

  • Executive summary
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring fencing
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • Additional petroleum taxes
        • Petroleum Resource Rent Tax
      • Corporate income tax
      • Fiscal treatment of decommissioning
      • Product pricing
      • Summary of modelled terms
    • Recent history of fiscal changes
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence

Tables and charts

This report includes 18 images and tables including:

  • Revenue flow chart: Sierra Leone Concession
  • Timeline
  • Fiscal stability: Table 1
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • 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
  • Bonuses, rentals and fees
  • Indirect taxes
  • Assumed terms by location - Oil and Gas

What's included

This report contains:

  • Document

    Sierra Leone upstream fiscal summary

    PDF 294.62 KB