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SUMMARY
Nigeria Upstream Oil and Gas Fiscal Regime Profile:Covers Petroleum
Regulations and Taxation for Explorations and Production Assets
• Global Market Direct's Nigeria Oil and Gas Fiscal Regime Profile is an
essential source for fiscal information relating to oil and gas assets in
Nigeria. The report covers the petroleum fiscal environment, license terms and
key fiscal terms for assets. It provides detailed descriptions of various
elements of the geography's fiscal regime. It also gives an understanding of
its petroleum regulations and the framework of opportunities available to the
players in the industry.
Report Coverage
• Information on the geography's fiscal environment, license policies and
fiscal terms specific to the upstream oil and gas assets.
• Analysis of
fiscal environment in terms of the governing law, licensing authority,
contract type and state participation.
• The licensing terms for both
exploration blocks and oil and gas fields.
• A sample calculation
detailing how fiscal terms apply to a typical asset in the regime.
•
Detailed information on key fiscal terms (such as rents, bonuses, royalty,
cost recovery, profit oil, petroleum and corporate taxes) pertaining the
geography (where applicable).
Why Buy?
• Provides the most up to date information available relating to the
geography's fiscal regime.
• Understand the geography's policies and
fiscal terms, and their impact on contractor's profits from upstream oil and
gas assets.
• Evaluate the attractiveness of the geography for oil and gas
investment in the light of government policies and the fiscal environment.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 4
2 Introduction 5
2.1 Global Markets Direct
Report Coverage 5
2.2 What Is This Report About? 5
2.3 How To Use This
Report 5
3 Nigeria Petroleum Fiscal Environment 6
3.1 Governing Law
6
3.2 Licensing Authority 6
3.3 National Oil Company 6
3.4
Contract Type 6
3.5 State Participation 7
4 License terms 8
4.1
Exploration 8
4.2 Production 9
5 Key Fiscal Terms 10
5.1 Royalty
10
5.2 Bonuses 10
5.3 Rentals 11
5.4 Fees 11
5.5 Cost Recovery
11
5.6 Profit Sharing 11
5.7 Petroleum Profit Tax 12
5.8
Deductions and Depreciation 12
5.9 Investment Tax Credit 12
5.10
Withholding Tax 12
5.11 Ring Fence 12
6 sample cashflows calculations
13
7 APPENDIX 14
7.1 Methodology 14
7.2 Definitions 14
7.3
Contact Us 15
7.4 About Global Markets Direct 15
7.5 Disclaimer 15
1.1 List of Tables
Table 1: Nigeria, Crude Oil and Natural Gas,
Exploration commitment, 2007 9
Table 2: Nigeria, Crude Oil and Natural
Gas, Minimum Work Programme, 2007 9
Table 3: Nigeria, Crude Oil and
Natural Gas, offshore Royalty Rate For PSC Contracts, 2007 10
Table 4:
Nigeria, Crude Oil and Natural Gas, Royalty Rate For Joint Venture Contracts,
2007 10
Table 5: Nigeria, Crude Oil and Natural Gas, Profit Oil/Gas, 2007
11
Table 6: Nigeria, Crude Oil and Natural Gas, Investment tax credit,
2007 12
1.2 List of Figures
Figure 1: Nigeria, Upstream Oil & Gas
Fiscal Regime (PSA), Sample Cashflows, 2005-2016 13
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