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Bolivia upstream fiscal summary

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05 July 2018

Bolivia upstream fiscal summary

Report summary

In late-October 2006, effective from 1 May 2007, new 'Operations Contracts' were signed by all 12 upstream operators in Bolivia as part of the country's ‘nationalisation' programme.  A total of 44 new contracts were signed covering all fields and exploration licences in Bolivia (some fields had individual contracts, whilst some fields with a common operator were grouped together).  These contracts replaced the concession-like terms of the 1996 Law of Hydrocarbons with what is effectively a...

Table of contents

  • Executive summary
    • Basis
      • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring fencing
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • PSC cost recovery
      • PSC profit sharing
      • 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 19 images and tables including:

  • Revenues Flowchart Bolivia PSC
  • Timeline
  • Timeline detail
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • Effective royalty rate - oil and gas
  • Maximum government share - oil and 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
  • Bonuses, rentals and fees
  • Indirect taxes
  • Bolivia: Effective Contractor Profit Share
  • Current licence, equity and fiscal terms: Table 3
  • Current licence, equity and fiscal terms: Table 4
  • Assumed terms by location

What's included

This report contains:

  • Document

    Bolivia upstream fiscal summary

    PDF 299.93 KB

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