Country report

Ecuador upstream fiscal summary

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Report summary

A number of different fiscal regimes have been applied to Ecuador over the years. Currently all contracts involving private participation in Ecuador are governed under the terms of a Service Contract system. This system was introduced at start 2011 following several years of negotiation between the government and the private sector companies. The barrel = lifetime revenue / field reserves. Profit = revenue costs from barrel charts. For further details see New Investment:...

What's included

This report contains

  • Document

    Ecuador upstream fiscal summary

    PDF 415.05 KB

Table of contents

  • Executive summary
  • Current licence, equity and fiscal terms
  • Fiscal stability
  • Economic analysis

Tables and charts

This report includes 20 images and tables including:

Images

  • Revenue flowchart: Ecuador Service Contract
  • 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
  • Contractor fee

Tables

  • Timeline detail
  • Effective royalty rate - onshore, oil and gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • Contractor fee
  • Assumed terms by location
  • Economic analysis: Table 2
  • Maximum government share - onshore, oil and gas
  • Maximum government share - offshore, oil and gas

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