Country Report

Guyana upstream fiscal summary

29 June 2018

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29 June 2018

Guyana upstream fiscal summary

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

Executive summary
- Revenue flowchart - Guyana PSC
Current licence, equity and fiscal terms
- 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
  - Summary of modelled terms
Fiscal stability
- Recent history of fiscal changes
- Stability Provisions
Economic analysis
- Split of the barrel and share of profit
- Effective royalty rate and maximum government share
- Fiscal deterrence