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
    • 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 15 images and tables including:

  • 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
  • Maximum government share - onshore, shelf and deepwater
  • 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
  • Indirect taxes
  • Assumed terms by location - oil and gas

What's included

This report contains:

  • Document

    Guyana upstream fiscal summary

    PDF 1.08 MB