Name: Canada (British Columbia) upstream fiscal summary
Brand: Wood Mackenzie
SKU: 14454
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Author: Wood Mackenzie

Country Report 10 May 2024

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Concession-based fiscal regime. Signature bonuses are biddable and can vary significantly by area and play. Oil and gas royalty based on revenue minus cost framework. A flat rate is applied when the drilling cost has not bee recovered or during the first 12 month of production. Otherwise, price sensitive sliding scale formulae is applied. Federal and Provincial income taxes are fixed and consolidated at the company level. There is no state participation but negotiations are conducted directly with government.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Basis
    </li>

<li class="list__item-toggle font-semibold">
        Licence terms
    </li>

<li class="list__item-toggle font-semibold">
        Government equity participation
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        <a href="#ddc30775-7e00-493d-9e1c-65fb4e9d056c" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="ddc30775-7e00-493d-9e1c-65fb4e9d056c" aria-expanded="false">
            Fiscal terms
        </a>
        <ul id="ddc30775-7e00-493d-9e1c-65fb4e9d056c" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Bonuses, rentals and fees
    </li>
    <li class="push-quarter--bottom">
        Indirect taxes
    </li>
    <li class="push-quarter--bottom">
        Royalty
    </li>
    <li class="push-quarter--bottom">
        Ring fencing
    </li>
    <li class="push-quarter--bottom">
        Base
    </li>
    <li class="push-quarter--bottom">
        Rate
    </li>
    <li class="push-quarter--bottom">
        Carbon taxes
    </li>
    <li class="push-quarter--bottom">
        Federal income tax
    </li>

<li class="list__item-toggle font-semibold">
        Split of the barrel and share of profit
    </li>

<li class="list__item-toggle font-semibold">
        Effective royalty rate and maximum government share
    </li>

<li class="list__item-toggle font-semibold">
        Progressivity
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<li class="list__item-toggle font-semibold">
        Fiscal deterrence
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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

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         <li class="list__item push-quarter--bottom">Split of the barrel - oil</li><li class="list__item push-quarter--bottom">Split of the barrel - gas</li><li class="list__item push-quarter--bottom">Share of profit - oil</li>
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        <ul class="list list--bullets panel-toggle" id="4b072fa1b5e949489b7d2c388ecfeab3">
            <li class="list__item push-quarter--bottom">Share of profit - gas</li><li class="list__item push-quarter--bottom">Effective royalty rate - Oil</li><li class="list__item push-quarter--bottom">Effective royalty rate - Gas</li><li class="list__item push-quarter--bottom">Maximum government share and maximum state share - Oil</li><li class="list__item push-quarter--bottom">Maximum government share and maximum state share - Gas</li><li class="list__item push-quarter--bottom">State share versus Pre-Share IRR - oil</li><li class="list__item push-quarter--bottom">State share versus Pre-Share IRR - gas</li><li class="list__item push-quarter--bottom">Investor IRR versus Pre-Share IRR - oil</li><li class="list__item push-quarter--bottom">Investor IRR versus Pre-Share IRR - gas</li>
                <li>14 more item(s)...</li>
        </ul>
        
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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Canada (British Columbia) upstream fiscal summary</p>
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    <span>PDF</span>
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