Uruguay upstream fiscal summary Report

Country Report 25 October 2023

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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

There are no active contracts in Uruguay, but future participation will be conducted under a Production Sharing Contract (PSC) fiscal system. Cost recovery and production sharing rates will be biddable items, linked to cumulative production levels and prevailing prices. There is no royalty or income tax liability. The barrel = lifetime revenue / field reserves. Profit = revenue – costs from barrel charts. For further details see New Investment: Methodology. Source: Wood Mackenzie

Basis
Licence terms
Government equity participation
Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- PSC cost recovery
- PSC profit sharing
- Corporate income tax
- Product pricing
- 1 more item(s)...
Recent history of fiscal changes
Stability provisions
Split of the barrel and share of profit
Effective royalty rate and maximum government share
Progressivity
Fiscal deterrence