Côte d'Ivoire

Investment & Operational Criteria

Key Indicators

Risk Premia

3.750

%

Outlook

Negative

Rating

CCC|3H|-

Ranking

76

Reserves (1P)

Total

mm boe

Oil

36

%

Summary

Following periods of political instability in Cote d’Ivoire, measures have been taken by the government to encourage hydrocarbon investments. However, given the increased interest shown by operators in countries along the Atlantic margin, the potential exists for the government to tighten the fiscal terms.

Updated

May 28, 2021

Country Basics

Region

Africa - West

Reserves (1P)

Oil

mm bbl

Gas

bcf

Location

Côte d'IvoireCôte d'Ivoire

Western Africa, bordering the North Atlantic Ocean, between Ghana and Liberia.

Outline

Tax Regime
Type

PSC/PSA

Tax Regime
Notes

Companies operating in Côte d'Ivoire do so under a relatively simple PSC system, the structure of which includes bonuses, cost oil/gas available for the recovery of operating and capital costs as a fixed % of production, and profit oil/gas divided between the investor and the government on a sliding scale basis linked to either production shares or to an 'R Factor'. Profit share splits are negotiable; negotiated terms vary but generally reflect the level of expenditure and risk involved. Income taxes are paid by the State on the contractors behalf.

Investment & 
Operational
Climate

Emerging from a decade of political unrest, Côte d’Ivoire is contributing significantly to the economic development of the West African region due to its geographic location, diverse economy, and infrastructure network. Côte d’Ivoire is the largest economy in the West African Economic and Monetary Union – WAEMU (also known by its French acronym, UEMOA) and the third largest in the Economic Community of West Africa States – ECOWAS (also known by its French acronym, CEDEAO) and accounts for more than 30% of the 8-member bloc’s GDP. The economy has benefitted from prudent fiscal policies, monetary stability, rising public spending and structural reforms aimed at improving the business climate and encouraging public-private partnership.

Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.

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Africa - West

Countries

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