Name: Falkland Islands (Malvinas) upstream fiscal summary
Brand: Wood Mackenzie
SKU: 1755
Price: 1650 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Country Report 25 May 2023

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Report summary

Very simple Concession-based fiscal regime, with only royalty and corporate income tax payable. Many of the provisions made under Falklands law are similar to that of the UK North Sea regime, but are entirely independent of UK laws and regulations. While licenses may be granted via bid rounds, since 2000, licenses are generally under an 'open door' policy by which a company may apply for a license on any available acreage without a bid round.

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 the following images and tables:

Split of the barrel - oilSplit of the barrel - gasShare of profit - oil

Share of profit - gasEffective royalty rate - onshore, shelf and deepwater, oil and gasMaximum government share - onshore, shelf and deepwater, oil and gasState share versus Pre-Share IRR - oilState share versus Pre-Share IRR - gasInvestor IRR versus Pre-Share IRR - oilInvestor IRR versus Pre-Share IRR - gasBonuses, rentals and feesAssumed terms by location