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...

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    Chile upstream fiscal summary

    PDF 342.18 KB

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    Chile upstream fiscal summary

    ZIP 652.80 KB

Table of contents

Tables and charts

This report includes 19 images and tables including:

Images

  • Revenue flowchart: Chile Concession
  • Fiscal stability: Image 1
  • 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

Tables

  • Executive summary: Table 1
  • Fiscal stability: Table 1
  • Effective royalty rate and minimum state share
  • Economic analysis: Table 2
  • Indirect taxes
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Summary of modelled terms

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