Country Report
Mexico upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In 2015, Mexico redirected licensing from Integrated Service Contracts (CIEPs) in favour of Petroleum Sharing Agreements and Concession-style Licenses to attract international investment. These contracts are awarded in highly transparent licence rounds. Shelf blocks are regulated under Petroleum Sharing Agreements in a very progressive fiscal system, consisting of price-driven royalties, a biddable profit share based varying with IRR, and income tax. Onshore and deepwater blocks are regulated under a concession-style License system, with royalties based on production, price, R-Factor and/or bid level in addition to the income tax.
Table of contents
- Basis
- Licence terms
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Fiscal terms
- Ring fencing
- Government equity participation
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Cost oil
- Profit oil
- Corporate income tax
- 3 more item(s)...
- 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 the following images and tables:
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TimelineTimeline detailSplit of the barrel - oil
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Split of the barrel - gasShare of profit - oilShare of profit - gasEffective royalty rate - onshore, shelf and deepwater, oilEffective royalty rate - onshore, shelf and deepwater, gasMaximum government share – onshore, shelf and deepwater, oilMaximum government share – onshore, shelf and deepwater, gasState share versus Pre-Share IRR - oilState share versus Pre-Share IRR - gas
- 9 more item(s)...
What's included
This report contains:
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