Western Sahara upstream fiscal summary Report

Country Report 25 May 2023

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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 Western Sahara are awarded through licensing rounds under production sharing contract terms (PSC). The model used in this analysis is based on the 2005 licensing round terms. Within the PSC regime, signature bonuses, production bonuses, state equity interest, cost recovery ceilings, and contractor profit shares are all biddable for each block in a licensing round, while royalty rates are fixed by the government.

Basis
Licence terms
Government equity participation
Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Base
- Rate
- Payment schedule
- PSC production sharing
- Ring fencing
- 11 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