Country Report

Canada (Newfoundland and Labrador) upstream fiscal summary

04 July 2018

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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...

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
- 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 21 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 - Offshore, 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
Assumed terms by location - oil
Timeline
Timeline details

What's included

This report contains:

ChartFile Deepwater Canada(Concession (NewfoundlandLabrador)).xls

XLS 724.50 KB
Canada (Newfoundland and Labrador) upstream fiscal summary

PDF 997.52 KB