Country Report

Chile upstream fiscal summary

Get this report

$1,650

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

04 July 2018

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...

Table of contents

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

Tables and charts

This report includes 19 images and tables including:

  • Revenue flowchart: Chile Concession
  • Executive summary: Table 1
  • Timeline
  • Timeline detail
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • Effective royalty rate
  • Maximum government share
  • 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
  • Indirect taxes
  • Royalty rates
  • Royalty rates across R-Factors based upon different bids
  • Fiscal terms: Table 3
  • Assumed terms by location - oil and gas

What's included

This report contains:

  • Document

    Chile upstream fiscal summary

    PDF 261.81 KB

Other reports you may be interested in

Browse reports by Industry Sector