Country Report

Trinidad and Tobago upstream fiscal summary

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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...

What's included

This report contains

  • Document

    Trinidad and Tobago upstream fiscal summary

    PDF 414.73 KB

Table of contents

Tables and charts

This report includes 42 images and tables including:

Tables

  • Timeline details
  • Bonuses, rentals and fees
  • Indirect taxes
  • Cost recovery
  • Profit sharing - oil
  • Profit sharing - Gas
  • PSC terms
  • Concession terms
  • Effective royalty rate and minimum state share - shelf, oil
  • Effective royalty rate and minimum state share - deepwater, oil
  • Effective royalty rate and minimum state share - shelf, gas
  • Effective royalty rate and minimum state share - deepwater, gas
  • Effective royalty rate and minimum state share
  • Maximum government share and maximum state share - shelf, oil
  • Maximum government share and maximum state share - deepwater, oil
  • Maximum government share and maximum state share - shelf, gas
  • Maximum government share and maximum state share - deepwater, gas
  • Maximum government share and maximum state share
  • Current licence, equity and fiscal terms: Table 6
  • Current licence, equity and fiscal terms: Table 7

Images

  • Executive summary: Image 1
  • Executive summary: Image 2
  • Timeline
  • Split of the barrel - oil
  • Economic analysis: Image 2
  • Share of profit - oil
  • Share of profit - gas
  • Split of the barrel - oil
  • Economic analysis: Image 6
  • Share of profit - oil
  • Share of profit - gas
  • Contractor profit share (shelf oil)
  • Current licence, equity and fiscal terms: Image 2
  • Economic analysis: Image 9
  • State share versus Pre-Share IRR - gas
  • State share versus Pre-Share IRR - oil
  • State share versus Pre-Share IRR - gas
  • Investor IRR versus Pre-Share IRR - oil
  • Economic analysis: Image 14
  • Investor IRR versus Pre-Share IRR - oil
  • Investor IRR versus Pre-Share IRR - gas
  • Supplementary petroleum tax

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