Country Report

Bahamas upstream fiscal summary

04 July 2018

Get this report

$1,650

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

First name
Last name
Job Title
Company
Email
Telephone

Region

Message

Consent

Please keep me informed by email about Wood Mackenzie products, services and events.

For details on how your data is used and stored, see our Privacy Notice.

- Available as part of a subscription
- FAQ's about online orders

04 July 2018

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...

Executive summary
- Revenue flowchart: Bahamas Concession
Current licence, equity and fiscal terms
- 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
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