Country Report
Uganda upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Upstream licences in Uganda are awarded under production sharing agreements (PSA) terms which are governed by the 2013 Petroleum Act. The 2018 model PSA introduced an R-factor based profit sharing mechanism. Oil royalty rates were based on biddable daily production levels. The Uganda National Oil Company (UNOC) has the option to take a maximum 20% stake in any commercial development, carried through exploration and development phases.
Table of contents
- Basis
- Licence terms
- Government equity participation
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Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Ring fencing
- Base and rate
- Payment schedule
- PSC production sharing
- Ring fencing
- 16 more item(s)...
- 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 the following images and tables:
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TimelineTimeline detailsSplit of the barrel - oil
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Split of the barrel - gasShare of profit - oilShare of profit - gasEffective royalty rate - OilEffective royalty rate - GasMaximum government share - OilMaximum government share - GasState share versus Pre-Share IRR - oilState share versus Pre-Share IRR - gas
- 8 more item(s)...
What's included
This report contains:
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