Country report

Canada (Nova Scotia) upstream fiscal summary

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Report summary

Concession-based fiscal regime.  Royalty is levied on a two tier system – gross royalty and net royalty.  Gross royalty is levied on wellhead revenues at 2% until project payback and at 5% thereafter (project payback is determined on the basis of cumulative wellhead revenues less cumulative gross and net royalties less cumulative capital and operating costs less uplift less a return allowance).  Net royalty is levied on net revenues at varying rates according to the project's IRR.  Federal...

What's included

This report contains

  • Document

    Canada (Nova Scotia) upstream fiscal summary

    PDF 396.85 KB

Table of contents

Tables and charts

This report includes 19 images and tables including:

Images

  • Revenue flowchart: Nova Scotia Concession
  • Timeline
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - 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

Tables

  • Timeline details
  • Effective royalty rate and minimum state share - onshore/shelf, Oil
  • Effective royalty rate and minimum state share - deepwater, Oil
  • Bonuses, rentals and fees
  • Royalty rates - Basic Royalty
  • Royalty rates - Net Royalty
  • Assumed terms by location - oil
  • Economic analysis: Table 3
  • Maximum government share and maximum state share - deepwater, Oil

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