Country report

Barbados upstream fiscal summary

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Report summary

Concession fiscal regime with royalty corporate income tax and an additional profits tax (APT). The State owned Barbados National Oil Company (BNOC) is guaranteed a maximum share of 25% in any license so long as it chooses to do so prior to the exploration license being awarded. The State's interest is carried until a declaration of commerciality. Royalty and income tax rates are fixed; APT is levied at 30% for a specified period on net profit whenever wellhead oil and gas prices exceed...

What's included

This report contains

  • Document

    Barbados upstream fiscal summary

    PDF 364.47 KB

Table of contents

  • Executive summary
  • Current licence, equity and fiscal terms
  • Fiscal stability
  • Economic analysis

Tables and charts

This report includes 17 images and tables including:

Images

  • Revenue flowchart: Barbados Concession
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • 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

Tables

  • Effective royalty rate - onshore, shelf and deepwater, oil and gas
  • Maximum government share – onshore, shelf and deepwater, oil and gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • Additional petroleum taxes - oil
  • Additional petroleum taxes - gas
  • Assumed terms by location - oil
  • Assumed terms by location - gas

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