Country report
Iceland upstream fiscal summary
Loading current market price
Report summary
Concession regime consisting of an Extraction Levy or royalty, a Special Hydrocarbon Tax and Corporate Income Tax. Fiscal terms have been updated for the 2nd Licensing Round as there was insufficient interest in the 1st round in 2009. 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
Table of contents
- Executive summary
-
Current licence, equity and fiscal terms
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Additional petroleum taxes
- Corporate income tax
- 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
- Progressivity
- Fiscal deterrence
Tables and charts
This report includes 17 images and tables including:
Images
- Revenue flowchart: Iceland Concession
- Timeline
- Split of Barrel - oil
- Split of 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
- Current licence, equity and fiscal terms: Image 1
Tables
- Timeline details
- Effective royalty rate and minimum state share
- Maximum government share and maximum state share
- Bonuses, rentals and fees
- Indirect taxes
- Assumed terms by location - oil
You may be interested in
Company report
Statoil corporate - reported results analysis
Company report
Total corporate report
Company report
CNOOC corporate - reported results analysis
Questions about this report?
-
Europe:+44 131 243 4699
-
Americas:+1 713 470 1900
-
Asia Pacific:+61 2 8224 8898