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Jamaica upstream fiscal summary

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29 June 2018

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

Table of contents

  • Executive summary
    • 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
    • Recent history of fiscal changes
    • Stability Provisions
    • 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

Tables and charts

This report includes 30 images and tables including:

  • Revenue flowchart - Jamaica PSC
  • Timeline
  • Timeline detail
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • Effective royalty rate - shelf, oil
  • 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
  • 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

What's included

This report contains:

  • Document

    Jamaica upstream fiscal summary

    PDF 344.94 KB

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