Country Report
Canada (Newfoundland and Labrador) upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
- 6 more item(s)...
- Split of the barrel and share of profit
- Effective royalty rate and maximum government share
- Progressivity
- Fiscal deterrence
Tables and charts
This report includes the following images and tables:
- 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
- 10 more item(s)...
What's included
This report contains:
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