Country Report
Trinidad and Tobago upstream fiscal summary
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
- PSC cost recovery
- PSC profit sharing
- Corporate income tax
- PSC terms
- Concession terms
- Additional profits tax
- PSC terms
- Concession terms
- Product pricing
- Summary of modelled terms
-
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 40 images and tables including:
- 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
- PSC terms
- Concession terms
- Split of the barrel - oil
- Split of the barrel - gas
- Share of profit - oil
- Share of profit - gas
- Split of the barrel - oil
- Split of the barrel - gas
- Share of profit - oil
- Share of profit - gas
- 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
- State share versus Pre-Share IRR - oil
- 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
- Investor IRR versus Pre-Share IRR - gas
- Investor IRR versus Pre-Share IRR - oil
- Investor IRR versus Pre-Share IRR - gas
What's included
This report contains:
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