Country report
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9 Pages

Chile upstream fiscal summary

Chile upstream fiscal summary

Report summary

Concession-based fiscal regime.  In the 2007 licensing round three of the blocks offered included ENAP, the state oil company, as a 50% non-operating partner.  It is likely that this bidding model will be used again in the future.  Royalty is a biddable factor and will vary with levels of project profitability and revenues generated.  Corporate income tax is fixed and payable.   The barrel = lifetime revenue / field reserves. Profit = revenue – costs from barrel charts.  For further...

What's included?

This report includes 1 file(s)

  • Chile upstream fiscal summary PDF - 342.18 KB 9 Pages, 8 Tables, 11 Figures


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Fiscal terms
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring fencing
      • Bonuses, rentals and fees
      • Royalty
      • Corporate income tax
      • Product pricing
  • Fiscal stability
    • Recent history of fiscal changes
      • Stability Provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence

In this report there are 19 tables or charts, including:

  • Executive summary
    • Revenue flowchart: Chile Concession
    • Executive summary: Table 1
  • Fiscal terms
    • Indirect taxes
    • Fiscal terms: Table 2
    • Royalty rates across R-Factors based upon different bids
    • Fiscal terms: Table 3
    • Summary of modelled terms
  • Fiscal stability
    • Fiscal stability: Image 1
    • Fiscal stability: Table 1
  • Economic analysis
    • 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
    • Economic analysis: Table 2
    • 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
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