Country Report
Mexico upstream fiscal summary
*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
-
Fiscal terms
- Ring fencing
- Government equity participation
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Cost oil - PSC only
- Profit oil - PSC only
- Corporate income tax
- Fiscal treatment of decommissioning
- 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 38 images and tables including:
- Timeline
- Timeline detail
- Split of the barrel - oil
- Split of the barrel - gas
- Share of profit - oil
- Share of profit - gas
- 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
- Maximum government share – onshore, 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
- Price-based royalty
- Liquids Royalty (%) by Price
- Gas Royalty (%) by Price
- Production - based royalty, liquid
- Production - based royalty, gas
- Liquids Combined Royalty (%) by Production
- Gas Combined Royalty (%) by Production
- R-factor royalty
- Additional royalties
- Profit sharing
- Assumed terms by location - onshore
- Assumed terms by location - shelf
- Assumed terms by location - deepwater
What's included
This report contains:
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