Country Report
Bahamas upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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...
Table of contents
- Basis
- Licence terms
- Relinquishment:
- Government equity participation
-
Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
-
Royalty
- Corporate income tax
- Product pricing
- Summary of modelled terms
- Recent history of fiscal changes
- Stability provisions
- Split of the barrel and share of profit
- Effective royalty rate and maximum government share
- Progressivity
- Fiscal deterrence
Tables and charts
This report includes the following images and tables:
-
Royalty ratesTimeline
-
Timeline detailSplit of the barrel - oilSplit of the barrel - gasShare of profit - oilShare of profit - gasEffective royalty rate - shelf and deepwater, oil and gasMaximum government share - shelf and deepwater, oilMaximum government share - shelf and deepwater, gasState share versus Pre-Share IRR - oil
- 7 more item(s)...
What's included
This report contains:
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