Gabon

Fiscal Terms

The fiscal terms for the 2018 license round are as follows…

ItemsContractual Terms
Exploration Period- Duration: 8 years.
- Possibility to extend the phase : up to 12 months
- Possibility to extend the period : 12 months
Exploitation Period15 years + renewal for 8 years +7 years for Oil
20 years + renewal for 8 years +7 years for gas
State participation15% carried during the development and production phase.
State doesn’t participate in exploration costs.
GOC Participation10% at market price
Cost StopThe cost recovery ceiling doesn’t exceed :
Conventional Zone : Oil - 70%, Gas - 80%
Deep and Ultra Deep Offshore : Oil - 75%, Gas - 90%
Signature bonusNegotiable
Profit SplitThe State first tranche can’t be below :
Conventional Zone: Oil - 50%, Gas - 50%
Deep and Ultra Deep Offshore: Oil - 45%, Gas - 45%
RoyaltyThe rate can’t be below :
Conventional Zone: Oil - 7%, Gas - 4%
Deep and Ultra Deep Offshore: Oil - 5%, Gas - 2%
Income TaxIncluded in the State profit share
Funds- Hydrocarbons support fund, negotiable
- DGH Equipment fund, negotiable
- Local community development fund, negotiable
- Training fund, negotiable
- National park fund, negotiable
RES fundRES fund must be created in Gabon at the first oil
Domestic Market15% Discount which is recoverable as a petroleum costs
Social responsibilityPID: 1% of contractor sales. 75% is recoverable
PIH : 2% of contractor sales. 75% is recoverable


Use the link below to download the latest PDF version…