Revenue transparency
What we will pay the State, and how we will report it.
An oil company is judged as much on what it returns to the country as on what it produces. EnerTchad has paid nothing yet — no production, no assets. So we are publishing the format first: the seven payment categories we will report, the level of disclosure and the date of the first report.
Why this page
Publishing the format before there are figures
Major operators publish an annual report on their payments to governments — Eni, Shell and TotalEnergies do so under EU Accounting Directive 2013/34/EU and the EITI Standard, broken down by country and by project. Chad, for its part, publishes its own national EITI report. A company in formation cannot produce those figures; what it can do is commit today to the grid they will be filed under. That is what this page does — and it is verifiable, because any future gap between the promised format and the published one will show.
EITI
The global transparency standard for extractive industries. Chad is committed to it and publishes national reports; EnerTchad’s adherence is a target, not an achievement.
Directive 2013/34/EU
The framework requiring European extractives to report payments to governments by country and by project. We adopt its categories voluntarily.
Petroleum code & ARSAT
Royalties, the State’s share, petroleum taxation and downstream price regulation: the Chadian regime determines the nature and basis of every payment.
OHADA & IFRS
Accounts kept under OHADA and IFRS with external audit targeted: the audit trail that makes a reported figure reconcilable with the books.
The committed format
The seven categories we will report
These are the seven flows set out by the European directive and the EITI Standard. None is active yet: EnerTchad holds no licence, operates no field and sells no barrel to date. The "reported so far" column will stay at zero until the first relevant financial year — which is precisely why it is worth publishing now.
| Category | What it covers | Reported so far | Triggering event |
|---|---|---|---|
| Production entitlements | The share of crude accruing to the State or to SHT under a production-sharing contract, taken in kind or in value. | None — no production | First barrel marketed |
| Taxes | Taxes on income and on production attributable to extractive activity, excluding VAT and payroll taxes. | None — no taxable income | First financial year closed |
| Royalties | Proportional royalty based on volumes or value extracted, under the Chadian petroleum code. | None — no extraction | First extraction |
| Dividends | Dividends paid to the State as shareholder in lieu of a production entitlement. | None — no profit distributed | First distribution |
| Bonuses | Signature, discovery and production bonuses provided for in the contract. | None — no contract signed | Signature of a first petroleum contract |
| Licence & surface fees | Entry fees, surface rentals and charges linked to the award or maintenance of a licence. | None — no licence held | Award of a first licence |
| Infrastructure improvements | Works carried out on behalf of the State beyond project-specific contractual obligations — a road, a water supply, a power line. | None — no works committed | First public works commitment |
Grid aligned with Directive 2013/34/EU and the EITI Standard. The reporting threshold will be specified in the first report; absent a stricter national requirement, we will apply the directive’s usual reference threshold.
Level of disclosure
By government entity, by project, by financial year
A national total cannot be verified. What can be verified is an amount attached to a named recipient, for an identified project, over a dated financial year — the level the EITI calls "project-level" reporting, which allows reconciliation with the State’s own declarations.
Named recipient entity
Treasury, tax administration, Société des Hydrocarbures du Tchad, local authority: each payment is attached to the body that collects it, not to "the State" as a block.
Identified project
Block, field, licence or facility: the level at which a third party can cross-check our figures against the national EITI report.
Financial year closed
Annual publication after closing and audit, on the same calendar as the sustainability report.
Cash and in kind
In-kind payments — the crude share in particular — are reported in volume and in value, together with the valuation method applied.
Timeline
When the first report will be published
The first "Payments to governments" report will be published at the end of the first full financial year following the award of a first petroleum title, within six months of its closing, alongside the sustainability report. Until then, this page stands as a commitment of format — and it is dated.
Incorporation
Company registered, OHADA accounts opened, statutory auditor appointed. No flows to the State beyond registration duties.
First title
Award of a licence or entry into a contract: licence fees and, where applicable, a signature bonus become reportable.
First barrel
Royalties and production entitlements switch on. Reporting moves from format to data.
First report
Published within six months of closing, broken down by entity and by project, reconcilable with the national EITI report.
Annual rhythm
Repeated every year, with the historical series kept online: transparency is judged over time, not once.