Country report

Faroe Islands upstream fiscal summary

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Report summary

Concession fiscal regime with royalty corporate income tax and an additional profits tax (Special Petroleum Tax) which varies with project profitability. Split of the Barrel The barrel = lifetime revenue / field reserves. Profit = revenue costs from barrel charts. For further details see New Investment: Methodology. Source: Wood Mackenzie

What's included

This report contains

  • Document

    Faroe Islands upstream fiscal summary

    PDF 326.75 KB

Table of contents

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

Tables and charts

This report includes 16 images and tables including:

Images

  • Revenue flowchart: Faroe Islands Concession
  • 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

Tables

  • Effective royalty rate and minimum state share
  • Maximum government share – deepwater/shelf, oil and gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • Royalty rates
  • Assumed terms by location - oil and gas
  • Current licence, equity and fiscal terms: Table 4

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