Country Report

Tanzania upstream fiscal summary

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28 June 2018

Tanzania upstream fiscal summary

Report summary

Production Sharing Contract (PSC)-based fiscal regime.  The Tanzania Petroleum Development Corporation (TPDC) has the right to take a participating interest in any development area (at any time), subject to proportional contribution to contract expenses excluding exploration costs; TPDC interest is to be a minimum of 25% under the 2008 Model PSA. Royalty rates and the cost recovery ceiling are fixed in the 2008 Model PSA.  Profit oil and gas splits vary on a sliding scale with...

Table of contents

  • Executive summary
    • 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
      • Additional petroleum taxes
        • Additional profits tax
      • 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 30 images and tables including:

  • Revenue flowchart: Tanzania PSC
  • Indirect taxes
  • Timeline
  • Timeline details
  • 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
  • Bonuses, rentals and fees
  • Current licence, equity and fiscal terms: Table 2
  • Royalty rates
  • Profit sharing
  • Effective contractor profit share - oil
  • Effective contractor profit share - gas
  • Assumed terms by location - Oil
  • Assumed terms by location - Gas
  • Current licence, equity and fiscal terms: Table 6
  • Additional profits tax

What's included

This report contains:

  • Document

    Tanzania upstream fiscal summary

    PDF 340.28 KB

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