Country report

Bulgaria upstream fiscal summary

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Report summary

Simple Concession based fiscal regime with royalty rates varying by project profitability. In addition to corporate income tax there are a few minor indirect taxes rentals and fees. There is no state participation. Split of the Barrel The barrel = lifetime revenue / field reserves. Profit = revenue costs from barrel charts. For further details see New Investment: Methodology. Source: Wood Mackenzie

What's included

This report contains

  • Document

    Bulgaria upstream fiscal summary

    PDF 348.88 KB

Table of contents

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

Tables and charts

This report includes 18 images and tables including:

Images

  • Revenue flowchart: Bulgaria Concession
  • Timeline
  • 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
  • Royalty

Tables

  • Timeline detail
  • Effective royalty rate - oil and gas
  • Maximum government share – oil and gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • Royalty
  • Assumed terms by location

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