Country Report

Suriname upstream fiscal summary

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Suriname has a relatively standard form of Production Sharing Contract (PSC) fiscal regime. Royalty rates, cost recovery ceilings and corporate income tax rates are all fixed. Profit oil splits vary with project profitability (the R-Factor). There are some indirect taxes, but no bonuses, rentals or fees are payable. The barrel = lifetime revenue / field reserves. Profit = revenue – costs from barrel charts. For further details see New Investment: Methodology. Source: Wood Mackenzie

Table of contents

  • Basis
  • Licence terms
  • Government equity participation
    • Ring fencing
    • Bonuses, rentals and fees
    • Indirect taxes
    • Royalty
    • PSC cost recovery
    • PSC profit sharing
    • Corporate income tax
    • 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
  • Investor IRR versus pre-share IRR - oil

Tables and charts

This report includes 13 images and tables including:

  • Timeline
  • Timeline details
  • Split of the barrel - oil
  • Share of profit - oil
  • Effective royalty rate - oil
  • Maximum government share – oil
  • State share versus pre-share IRR - oil
  • Bonuses, rentals and fees
  • Indirect taxes
  • Profit sharing
  • Contractor Share of Profit Oil
  • Assumed terms by location - oil

What's included

This report contains:

  • Document

    Suriname upstream fiscal summary

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