Country report
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15 Pages

Jamaica upstream fiscal summary


Jamaica upstream fiscal summary

Report summary

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

What's included?

This report includes 1 file(s)

  • Jamaica upstream fiscal summary PDF - 425.29 KB 15 Pages, 18 Tables, 12 Figures

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • 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
      • PSC cost recovery
      • PSC profit sharing
      • 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
      • Effective royalty rate - shelf, gas
      • Effective royalty rate - deepwater, oil
      • Effective royalty rate - deepwater, gas
    • Progressivity
    • Fiscal deterrence

In this report there are 30 tables or charts, including:

  • Executive summary
    • Revenue flowchart - Jamaica PSC
  • Current licence, equity and fiscal terms
    • 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
  • Fiscal stability
    • Timeline
    • Timeline detail
  • Economic analysis
    • Split of the barrel - oil
    • Split of the barrel - gas
    • Share of profit - oil
    • Share of profit - gas
    • Effective royalty rate - shelf, oil
    • Economic analysis: Table 2
    • Economic analysis: Table 3
    • Economic analysis: Table 4
    • 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
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