Guyana upstream fiscal summary Report

Country Report 25 May 2023

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Report summary

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

Basis
Licence terms
Government equity participation
Fiscal terms
- 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