Country Report

Jamaica upstream fiscal summary

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The upstream fiscal system currently employed for Jamaica is officially termed a PSA (Production Sharing Agreement) combining tax, royalty and production sharing elements. For the purposes of this analysis, due to the similarities, we refer to PSA's as PSC's. 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
    • Indirect taxes
    • Royalty
    • PSC cost recovery
    • PSC profit sharing
    • Corporate income tax
    • 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 29 images and tables including:

  • Timeline
  • Timeline detail
  • Split of the barrel - oil
  • Share of profit - oil
  • Split of the barrel - gas
  • Share of profit - gas
  • Effective royalty rate - shelf, oil
  • Effective royalty rate - shelf, gas
  • Effective royalty rate - deepwater, oil
  • Effective royalty rate - deepwater, gas
  • Maximum government share - shelf, oil
  • Maximum government share - shelf, gas
  • Maximum government share - deepwater, oil
  • Maximum government share - deepwater, 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
  • Bonuses, rentals and fees
  • Indirect taxes
  • Royalty rates
  • Cost recovery
  • Oil profit share matrix
  • Profit share
  • Gas profit share matrix
  • Profit share
  • Base government share
  • Assumed terms by location - oil
  • Assumed terms by location - gas

What's included

This report contains:

  • Document

    Jamaica upstream fiscal summary

    PDF 1.14 MB