Country report
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12 Pages

Ukraine upstream fiscal summary


Ukraine upstream fiscal summary

Report summary

The Fiscal terms currently available in Ukraine for upstream projects fall under either the Standard (Concession) Fiscal Regime or the Production Sharing Agreement (PSA) Fiscal Regime.  The Tax Code was amended in 2012, with royalties being abolished and tax on the use of subsoil being increased - applicable from January 2013.  In a previous revision in December 2010, Geological Tax was abolished.   The barrel = lifetime revenue / field reserves. Profit = revenue – costs from barrel...

What's included?

This report includes 1 file(s)

  • Ukraine upstream fiscal summary PDF - 359.66 KB 12 Pages, 14 Tables, 11 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
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • 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
      • Maximum government share – onshore, gas
      • Maximum government share – shelf/deepwater, gas
    • Progressivity
    • Fiscal deterrence

In this report there are 25 tables or charts, including:

  • Executive summary
    • Revenue flowchart: Ukraine Concession
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Indirect taxes
    • Subsoil use tax
    • Subsoil use tax
    • Assumed terms by location - oil
    • Assumed terms by location - gas
  • Fiscal stability
    • Timeline
    • Timeline detail
  • Economic analysis
    • Split of the barrel - oil
    • Economic analysis: Image 2
    • Economic analysis: Image 3
    • Economic analysis: Image 4
    • Effective royalty rate - onshore, oil
    • Effective royalty rate - shelf/deepwater, oil
    • Effective royalty rate - onshore, gas
    • Effective royalty rate - shelf/deepwater, gas
    • Maximum government share – onshore, oil
    • Maximum government share – shelf/deepwater, oil
    • Economic analysis: Table 7
    • Economic analysis: Table 8
    • 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
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