Country Report
Falkland Islands (Malvinas) upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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.
Table of contents
- 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 - oil
- Split of the barrel - gas
- Share of profit - oil
- Share of profit - gas
- Effective royalty rate - onshore, shelf and deepwater, oil and gas
- Maximum government share - onshore, shelf and deepwater, oil and 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
- Bonuses, rentals and fees
- Assumed terms by location
What's included
This report contains:
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