Country report
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12 Pages

Sudan upstream fiscal summary

Sudan upstream fiscal summary

Report summary

Simple Production Sharing Contract (PSC)-based fiscal regime, where the NOC pays all royalties and also income taxes on the contractors behalf.  Cost recovery varies but is usually fairly low at between 35-50%, whilst profit oil splits vary on a sliding scale with production rates.  A range of bonuses, rentals and fees are payable. On 9 July 2011, South Sudan officially seceded from the rest of Sudan after a referendum in January and six years of autonomous rule under the 2005 Comprehensive...

What's included?

This report includes 1 file(s)

  • Sudan upstream fiscal summary PDF - 388.10 KB 12 Pages, 18 Tables, 9 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
    • Revenue flowchart: Sudan PSC
  • 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
      • Corporate income tax
      • Product pricing
      • Summary of modelled terms
  • 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 27 tables or charts, including:

  • Executive summary
    • Executive summary: Image 1
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Current licence, equity and fiscal terms: Table 2
    • Indirect taxes
    • Royalty rates
    • Cost recovery
    • Profit Sharing - Oil
    • Profit Sharing - Gas
    • Current licence, equity and fiscal terms: Table 8
    • Assumed terms by location - oil
    • Assumed terms by location - Gas
  • Fiscal stability
  • Economic analysis
    • Economic analysis: Image 1
    • Economic analysis: Image 2
    • Economic analysis: Image 3
    • Share of profit - gas
    • Effective royalty rate - onshore/shelf, Oil
    • Effective royalty rate - deepwater, Oil
    • Effective royalty rate - onshore/shelf, Gas
    • Effective royalty rate - deepwater, Gas
    • Maximum government share - onshore/shelf, Oil
    • Maximum government share - deepwater, Oil
    • Maximum government share - onshore/shelf, Gas
    • 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
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