Country Report

Guyana upstream fiscal summary

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Guyana has a relatively simple form of Production Sharing Contract (PSC) fiscal regime. Cost recovery ceilings and profit oil splits are fixed. Royalty and corporate income tax are paid on the contractors behalf by the government. No bonuses, rentals or fees are payable. The barrel = lifetime revenue / field reserves. Profit = revenue – costs from barrel charts. For further details see New Investment: Methodology. Source: Wood Mackenzie

Table of contents

  • Basis
  • Licence terms
  • Government equity participation
    • Ring fencing
    • Bonuses, rentals and fees
    • Royalty
    • PSC cost recovery
    • PSC profit sharing
    • Corporate income tax
    • Abandonment Section
    • Product pricing
    • 1 more item(s)...
  • 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 - gasShare of profit - oilShare of profit - gasEffective royalty rate - onshore, shelf and deepwaterMaximum government share - onshore, shelf and deepwaterState share versus pre-share IRR - oilState share versus pre-share IRR - gasInvestor IRR versus pre-share IRR - oilInvestor IRR versus pre-share IRR - gas
  • 3 more item(s)...

What's included

This report contains:

  • Document

    Guyana upstream fiscal summary

    PDF 1.10 MB