Country Report

Chile upstream fiscal summary



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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 contains

  • Document

    Chile upstream fiscal summary

    PDF 261.81 KB

Table of contents

Tables and charts

This report includes 19 images and tables including:


  • Executive summary: Table 1
  • Timeline detail
  • Effective royalty rate
  • Maximum government share
  • Indirect taxes
  • Royalty rates
  • Fiscal terms: Table 3
  • Assumed terms by location - oil and gas


  • Revenue flowchart: Chile 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
  • Royalty rates across R-Factors based upon different bids

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