While French Guiana is viewed as an overseas department of France, we believe that the country has a different Outlook on O&G exploration from France. Nevertheless, as the French Government retains control of many of the laws, we carry a similar risk to that of mainland France.
May 18, 2021
Americas - South
French Guiana’s upstream fiscal system is a very simple Concession regime, with only royalty (for onshore fields only) and corporate income tax payable.
In the early 21st century, five French overseas entities - French Guiana, Guadeloupe, Martinique, Mayotte, and Reunion - became French regions and were made part of France for all political and foreign matters.
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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