Country report
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10 Pages

Peru upstream fiscal summary


Peru upstream fiscal summary

Report summary

There are two types of oil and gas exploitation contracts that may be awarded in Peru: the Service Contract (the older type of licence) and the Licence Contract. Both contracts are governed by the same tax terms.  Contracts may be awarded either as a result of direct negotiations with the NOC, Perupetro, or through licensing tenders.  The tax terms are relatively simple, with royalty rates varying with production levels and a fixed corporate income tax.   The barrel = lifetime revenue /...

What's included?

This report includes 1 file(s)

  • Peru upstream fiscal summary PDF - 372.32 KB 10 Pages, 7 Tables, 11 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
      • Corporate income Tax
  • Fiscal stability
    • Recent History of Fiscal Changes
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence

In this report there are 18 tables or charts, including:

  • Executive summary
    • Peru License revenues flowchart
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Indirect taxes
    • Cumulative Revenue / (Cumulative Costs + Cumulative Royalty)
    • Current licence, equity and fiscal terms: Image 1
    • Corporate income tax
  • 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 and minimum state share
    • Maximum government share – oil and 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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