Country Report

Colombia upstream fiscal summary

From

$1,650.00

You can pay by card or invoice

From

$1,650.00

You can pay by card or invoice

Get this Country Report as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

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.
 

Report summary

The current Concession Contract model was introduced in 2004 and replaced the 30 year old Ecopetrol Association Contract model. The new contracts are based on a royalty system with fundamental differences from the previous Association Contract in use in Colombia. Deregulation of gas prices was scheduled for 2005. It now looks unlikely to happen in the near-term as de-regulation is dependent on sufficient supply competition, which has not yet been achieved. Until deregulation,...

What's included

This report contains

  • Document

    Colombia upstream fiscal summary

    PDF 336.70 KB

Table of contents

Tables and charts

This report includes 24 images and tables including:

Tables

  • Timeline detail
  • Effective royalty rate - onshore, shelf and deepwater, oil
  • Bonuses, rentals and fees
  • Indirect taxes
  • Royalty rates
  • Trigger Price Thresholds (US$/bbl, 2014 Terms)
  • Assumed terms by location
  • Economic analysis: Table 2
  • Maximum government share - onshore and shelf, oil
  • Maximum government share - deepwater, oil
  • Maximum government share - onshore, gas
  • Maximum government share - shelf, gas
  • Maximum government share - deepwater, gas

Images

  • Revenue flowchart: Colombia 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

You may be interested in

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898