Country Report
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
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Ring fencing
-
Bonuses, rentals and fees
- Indirect taxes
- VAT/Sales Taxes
- Royalty
- Oil
- Onshore royalty
- Offshore royalty
- Gas
- Super-royalty
- Carbon Taxes
- 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
- Progressivity
- Fiscal deterrence
Tables and charts
This report includes 22 images and tables including:
- Bonuses, rentals and fees
- 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 - Oil
- Effective royalty rate and minimum state share - Gas
- Maximum government share and maximum state share - Onshore, Oil
- Maximum government share and maximum state share - Offshore, Oil
- Maximum government share and maximum 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
- Royalty rate - Oil onshore
- Royalty rate - Oil offshore
- Royalty rate
- Royalty rate - Gas
- Newfoundland and Labrador Carbon Tax
- Assumed terms by location - oil
- Timeline
- Timeline details
What's included
This report contains:
Other reports you may be interested in
Asset Report
White Rose Project
The White Rose and satellite extensions are located 350 kilometres southeast of St. John's, Newfoundland and Labrador in the Jeanne ...
$3,100
Country Report
Indonesia upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
Country Report
Somalia upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
