Country report

Ukraine upstream fiscal summary

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about subscriptions

Already have subscription? Sign In

Further information

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.

Report summary

Virtually all upstream projects in Ukraine operate under the concession regime. Production Sharing Contracts (PSCs) were introduced to attract foreign investment primarily in offshore licences. Only a couple of PSCs still exist and none of them contains any producing fields. In 2013, a subsoil use tax replaced royalty. Its current rates range between 14% and 29% for liquids and between 6% and 12% for gas. Corporate income tax has been unchanged at 18% since 2014. Currently, Ukraine pursues an open door policy for licence awards but the government is considering regular licensing rounds.

What's included

This report contains

  • Document

    Ukraine upstream fiscal summary

    PDF 367.40 KB

Table of contents

Tables and charts

This report includes 25 images and tables including:


  • Revenue flowchart: Ukraine Concession
  • Timeline
  • Split of the barrel - oil
  • Economic analysis: Image 2
  • Economic analysis: Image 3
  • Economic analysis: Image 4
  • 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
  • Subsoil use tax


  • Timeline detail
  • 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
  • Bonuses, rentals and fees
  • Indirect taxes
  • Subsoil use tax
  • Assumed terms by location - oil
  • Assumed terms by location - gas
  • Economic analysis: Table 7
  • Economic analysis: Table 8

Questions about this report?

    • Europe:
      +44 131 243 4699
    • Americas:
      +1 713 470 1900
    • Asia Pacific:
      +61 2 8224 8898