Country Report
Trinidad and Tobago upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Since the early 1990s upstream licences in Trinidad & Tobago have been awarded under Production Sharing Contract (PSC) terms. Much of the country's production, however, is governed by older concession terms, which include royalty and a variety of taxes. This report focuses on the PSC terms. The latest Model PSC was introduced in 2009 for the 2009/10 offshore competitive bidding round, with different terms for different water depths. The latest terms for onshore areas are established in the...
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Ring fencing
- PSC terms
- Concession terms
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- PSC terms
- Concession terms
- 10 more item(s)...
-
Recent history of fiscal changes
- PSC terms
- Concession terms
-
Split of the barrel and share of profit
- PSC terms
- Concession terms
-
Effective royalty rate and maximum government share
- PSC terms
- Concession terms
- PSC terms
-
Progressivity
- PSC terms
- Concession terms
-
Fiscal deterrence
- PSC terms
- Concession terms
Tables and charts
This report includes the following images and tables:
- Timeline
- Timeline details
- Bonuses, rentals and fees
- Indirect taxes
- Cost recovery
- Profit sharing - oil
- Profit sharing - Gas
- Contractor profit share (shelf oil)
- Contractor profit share (shelf gas)
- Supplementary petroleum tax
- 28 more item(s)...
What's included
This report contains:
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