Trinidad and Tobago Upstream Fiscal and Regulatory Report – Gross Production, Future Trends, Research and Development Contribution

Posted on 2019-04-01 by Mark Hub in Retail // 0 Comments

Albany, USA, 2019-Apr-01 — /EPR Network/ —

This research study added to the broad database of Market Research Hub (MRH) focusing on the “Trinidad and Tobago Upstream Fiscal and Regulatory Report – Investors to Pay Royalty under New Model PSA” delivers an in-depth outlook to present information about executive summary and key performance indicators. Furthermore, readers can gather knowledge about the economic status, demographics and competitive landscape which is prevailing in the concerned industry during the forecast period. Overall, the purpose of this assessment is to present a clear picture highlighting the transformations expected to occur in the Trinidad and Tobago Upstream Fiscal and Regulatory Report driven by major trends and opportunities.

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Trinidad and Tobago Upstream Fiscal and Regulatory Report – Investors to Pay Royalty under New Model PSA

Summary

In November 2018, Trinidad and Tobago launched a shallow water bid round offering six blocks under an updated PSA framework, which includes a 12.5% royalty on gross production, payable by investors. The round is scheduled to close in May 2019 and has been reported to have already received significant interest. Further fiscal reforms including amendments to the Supplemental Petroleum Tax are under consideration, however appear to be of lower priority than gas sector reforms. In addition to fiscal reforms, the government has closed the national oil company Petrotrin, and has replaced the management of its exploration and production assets with newly formed Heritage Petroleum Company.

Trinidad and Tobago Upstream Fiscal and Regulatory Report – Investors to Pay Royalty under New Model PSA, presents the essential information relating to the terms which govern investment into Trinidad and Tobagos upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the states take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Trinidad and Tobagos upstream oil and gas investment climate.

Scope

– Overview of current fiscal terms governing upstream oil and gas operations in Trinidad and Tobago
– Assessment of the current fiscal regimes state take and attractiveness to investors
– Charts illustrating the regime structure, and legal and institutional frameworks
– Detail on legal framework and governing bodies administering the industry
– Levels of upfront payments and taxation applicable to oil and gas production
– Information on application of fiscal and regulatory terms to specific licenses
– Outlook on future of fiscal and regulatory terms in Trinidad and Tobago.

Reasons to buy

– Understand the complex regulations and contractual requirements applicable to Trinidad and Tobagos upstream oil and gas sector
– Evaluate factors determining profit levels in the industry
– Identify potential regulatory issues facing investors in the countrys upstream sector
– Utilize considered insight on future trends to inform decision-making.

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1 Table of Contents
1.1. List of Tables
1.2. List of Figures
2. Regime Overview
3. State Take Assessment
4. Key Fiscal Terms – Royalty/Tax
4.1. Royalties, Bonuses and Fees
4.1.1. Bonuses
4.1.2. Rental Fees
4.1.3. Royalties
4.1.4. Green Levy Fund
4.1.5. Petroleum Impost
4.1.6. Petroleum Production Levy
4.1.7. Scholarship
4.1.8. Training and Research and Development Contributions
4.1.9. Supplemental Petroleum Tax
4.1.10. Abandonment Fund
4.2. Direct Taxation
4.2.1. Petroleum Profits Tax
4.2.2. Unemployment Levy
4.2.3. Deductions and Depreciation
4.2.4. Uplift
4.2.5. Branch Remittance Tax
4.2.6. Property Tax
4.3. Indirect Taxation
4.3.1. Value Added Tax
4.3.2. Custom Duties
4.4. State Participation
4.4.1. Carried Interest
4.4.2. National Oil Company Overriding Royalty
5. Key Fiscal Terms – Production Sharing Agreements
5.1. Royalties, Bonuses and Fees
5.1.1. Bonuses
5.1.2. Rental Fees
5.1.3. Royalties
5.1.4. Petroleum Impost, Petroleum Production Levy and Green Fund Levy
5.1.5. Scholarship
5.1.6. Training Contribution
5.1.7. Research and Development Contribution
5.1.8. Administrative Charge
5.1.9. Abandonment Fund
5.2. Cost Recovery
5.2.1. Limit on Recovery
5.2.2. Recoverable Costs
5.3. Profit Sharing
5.4. Direct Taxation
5.4.1. Petroleum Profits Tax, Unemployment Levy, & Supplemental Petroleum Tax
5.4.2. Branch Remittance Tax
5.4.3. Assignment/Transfer Tax
5.5. Indirect Taxation
5.6. State Participation

To be continue@@

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