Country report

Peru upstream fiscal summary

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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 contains

  • Document

    Peru upstream fiscal summary

    PDF 360.39 KB

Table of contents

Tables and charts

This report includes 17 images and tables including:


  • Peru License revenues 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
  • Current licence, equity and fiscal terms: Image 1


  • Timeline detail
  • Effective royalty rate and minimum state share
  • Maximum government share – oil and gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • Cumulative Revenue / (Cumulative Costs + Cumulative Royalty)

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