Country Report

Canada (Newfoundland and Labrador) upstream fiscal summary

Get this report

$1,650

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

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

Canada (Newfoundland and Labrador) upstream fiscal summary

Report summary

Simple concession-based fiscal regime. The 2007 Energy Plan stated that the government of Newfoundland and Labrador would take 10% equity in all future projects via Nalcor Energy (it is expected that Nalcor would take up its equity at the development plan approval stage and would negotiate payment of its share of exploration costs and pre-development costs incurred). Royalty is levied on a two tier system, basic royalty and net royalty, according to a sliding scale at rates linked to...

Table of contents

  • Executive summary
    • Basis
    • The following summary and model assumptions are based on standard terms recorded as per the time of publication.
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring fencing
    • Bonuses, rentals and fees
      • Indirect taxes
        • VAT/Sales Taxes
      • Royalty
        • Onshore royalty
        • Super-royalty
      • Federal income tax
      • Provincial income tax
      • Product pricing
      • Summary of modelled terms
    • Recent history of fiscal changes
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
      • Maximum government share and maximum state share - Onshore, Oil
    • Progressivity
    • Fiscal deterrence

Tables and charts

This report includes 22 images and tables including:

  • Revenue flowchart: Newfoundland Concession
  • Bonuses, rentals and fees
  • Timeline
  • Timeline details
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • Effective royalty rate and minimum state share - Offshore, Oil
  • Effective royalty rate and minimum state share - 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
  • Assumed terms by location - oil
  • Economic analysis: Table 3
  • Maximum government share and maximum state share - Offshore, Oil
  • Maximum government share and maximum state share - Gas
  • Royalty rate - Oil onshore
  • Royalty rate - Oil offshore
  • Current licence, equity and fiscal terms: Image 1
  • Royalty rate - Gas

What's included

This report contains:

  • Document

    Canada (Newfoundland and Labrador) upstream fiscal summary

    PDF 383.53 KB

  • Document

    ChartFile Deepwater Canada(Concession (NewfoundlandLabrador)).xls

    XLS 724.50 KB

  • Document

    Canada (Newfoundland and Labrador) upstream fiscal summary

    ZIP 593.15 KB

Other reports you may be interested in

Browse reports by Industry Sector