Country Report
Western Sahara 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 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.
Table of contents
- 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
Tables and charts
This report includes the following images and tables:
- Timeline
- Timeline details
- Split of the barrel - oil
- Split of the barrel - gas
- Share of profit - oil
- Share of profit - gas
- Effective royalty rate - onshore
- Effective royalty rate - shelf
- Effective royalty rate - deepwater
- Maximum government share - onshore
- Maximum government share - shelf
- Maximum government share - deepwater
- 9 more item(s)...
What's included
This report contains:
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