Country report
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12 Pages

Poland upstream fiscal summary


Poland upstream fiscal summary

Report summary

Very simple concession-based fiscal regime, comprising fixed royalty and corporate income tax, together with some indirect taxes.  An additional profits tax called Special tax was abolished in 2007.  There is no state participation. Gas price reform is a condition of accession to the EU, and it is expected that domestic prices should match import prices by around 2012.  This is likely to depend on market conditions.   The barrel = lifetime revenue / field reserves. Profit = revenue –...

What's included?

This report includes 1 file(s)

  • Poland upstream fiscal summary PDF - 358.15 KB 12 Pages, 12 Tables, 12 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
      • Royalty
      • Additional petroleum taxes
      • Corporate income tax
      • Product pricing
      • Summary of modelled terms
  • Fiscal stability
    • Recent history of fiscal changes
    • Stability provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence
    • Investor IRR versus pre-share IRR - oil

In this report there are 24 tables or charts, including:

  • Executive summary
    • Revenue flowchart: Poland Concession
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Indirect taxes
    • Royalty
    • Royalty
    • Current licence, equity and fiscal terms: Table 4
    • Special hydrocarbon tax
    • Special hydrocarbon tax
    • Current licence, equity and fiscal terms: Table 6
    • Current licence, equity and fiscal terms: Table 7
  • Fiscal stability
    • Fiscal stability: Image 1
    • Fiscal stability: Table 1
  • Economic analysis
    • Split of the barrel - oil
    • Economic analysis: Image 2
    • Economic analysis: Image 3
    • Economic analysis: Image 4
    • Economic analysis: Table 1
    • Economic analysis: Table 2
    • Economic analysis: Table 3
    • Economic analysis: Table 4
    • State share versus pre-share IRR - oil
    • State share versus pre-share IRR - gas
    • Economic analysis: Image 7
    • Investor IRR versus pre-share IRR - gas
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