Country report
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10 Pages

Bahamas upstream fiscal summary


Bahamas upstream fiscal summary

Report summary

All licensed acreage in the Bahamas is governed by a concessionary fiscal regime with a straight-forward tax/royalty system.  Following the Macondo disaster in the US Gulf of Mexico, the Government of The Bahamas, in August 2010, imposed a suspension on all drilling and licensing activity.  This is to allow it to evaluate its environmental standards and to ensure that the lessons learned from Macondo are fully incorporated in future operations.  It is not known at this stage what potential...

What's included?

This report includes 1 file(s)

  • Bahamas upstream fiscal summary PDF - 342.58 KB 10 Pages, 9 Tables, 11 Figures

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
    • Revenue flowchart: Bahamas Concession
  • Current licence, equity and fiscal terms
    • Basis
    • Licence terms
    • Relinquishment:
    • Government equity participation
    • Fiscal terms
      • Ring fencing
    • Royalty
      • Corporate income tax
      • Product pricing
  • Fiscal stability
    • Recent history of fiscal changes
    • Stability provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence

In this report there are 20 tables or charts, including:

  • Executive summary
    • Executive summary: Image 1
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Indirect taxes
    • Current licence, equity and fiscal terms: Table 3
    • Current licence, equity and fiscal terms: Image 1
    • Summary of modelled terms
    • Current licence, equity and fiscal terms: Table 5
  • Fiscal stability
    • Fiscal stability: Image 1
    • Fiscal stability: Table 1
  • Economic analysis
    • Split of the barrel - oil
    • Split of the barrel - gas
    • Share of profit - oil
    • Share of profit - gas
    • Effective royalty rate and minimum state share
    • Economic analysis: Table 2
    • Economic analysis: Table 3
    • State share versus Pre-Share IRR - oil
    • State share versus Pre-Share IRR - gas
    • Investor IRR versus Pre-Share IRR - oil
    • Investor IRR versus Pre-Share IRR - gas
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