Country report

Mexico upstream fiscal summary

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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.

What's included

This report contains

  • Document

    Mexico upstream fiscal summary

    PDF 454.14 KB

Table of contents

Tables and charts

This report includes 40 images and tables including:

Images

  • PSC Flowchart
  • License Flowchart
  • Timeline
  • Split of the barrel - oil
  • Split of the 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
  • Liquids Royalty (%) by Price
  • Gas Royalty (%) by Price
  • Liquids Combined Royalty (%) by Production
  • Gas Combined Royalty (%) by Production
  • Additional royalties
  • Profit sharing

Tables

  • Effective royalty rate - onshore, oil
  • Effective royalty rate - onshore, gas
  • Effective royalty rate - shelf, oil
  • Effective royalty rate - shelf, gas
  • Effective royalty rate - deepwater, oil
  • Effective royalty rate - deepwater, gas
  • Maximum government share – onshore, oil
  • Economic analysis: Table 8
  • Economic analysis: Table 9
  • Bonuses, rentals and fees
  • Indirect taxes
  • Royalty rates
  • Price-based royalty
  • Production - based royalty, liquid
  • Current licence, equity and fiscal terms: Table 6
  • R-factor royalty
  • Assumed terms by location - onshore
  • Fiscal stability: Table 1
  • Economic analysis: Table 10
  • Economic analysis: Table 11
  • Economic analysis: Table 12
  • Current licence, equity and fiscal terms: Table 9
  • Current licence, equity and fiscal terms: Table 10

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