Peru Upstream Fiscal and Regulatory Report - Hydrocarbons Law and Royalty Regime Being Revised

  • ID: 4470643
  • Report
  • Region: Peru
  • 24 pages
  • GlobalData
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Peru Upstream Fiscal and Regulatory Report - Hydrocarbons Law and Royalty Regime Being Revised

Summary

“Peru Upstream Fiscal and Regulatory Report - Hydrocarbons Law and Royalty Regime Being Revised”, presents the essential information relating to the terms which govern investment into Peru’s 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 state’s take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Peru’s upstream oil and gas investment climate.

Scope
  • Overview of current fiscal terms governing upstream oil and gas operations in Peru
  • Assessment of the current fiscal regime’s 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 Peru
Reasons to buy
  • Understand the complex regulations and contractual requirements applicable to Peru’s upstream oil and gas sector
  • Evaluate factors determining profit levels in the industry
  • Identify potential regulatory issues facing investors in the country’s upstream sector
  • Utilize considered insight on future trends to inform decision-making
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1 Table of Contents

2. Regime Overview

3. State Take Assessment

4. Key Fiscal Terms- Royalty/Tax License
4.1. Royalties
4.1.1. Economic Results or Production Scaling Royalty Scheme
4.1.2. R-Factor Royalty Scheme
4.1.3. Price and Cumulative Production Royalty Scheme
4.1.4. OtherRoyalty Schemes
4.2. Annual Fees
4.3. Direct Taxation
4.3.1. Corporate Income Tax
4.3.2. Deductions and Depreciation
4.3.3. Withholding Tax
4.4. Indirect Taxation
4.4.1. Value Added Tax
4.4.2. Customs Duties
4.5. Fiscal Stabilization
4.6. Access to Foreign Currencies

5. Key Fiscal Terms - Service Contract
5.1. Annual Fees
5.2. Remuneration
5.2.1. R-Factor Remuneration
5.2.2. Cash Remuneration
5.3. Taxation

6. Regulation and Licensing
6.1. Legal Framework
6.1.1. Governing Law
6.1.2. Contract Type
6.1.3. Title to Hydrocarbons
6.2. Institutional Framework
6.2.1. Licensing Authority
6.2.2. Regulatory Agency
6.2.3. National Oil Company
6.3. Licensing Process
6.3.1. Prequalification
6.3.2. Direct Negotiation
6.3.3. Bidding Process
6.4. License Terms
6.4.1. Duration and Relinquishments
6.4.2. Work Obligation
6.5. Local Content

7. Outlook

8. Appendix
8.1. Contact
8.2. Disclaimer

List of Tables
Table 1: Regime Overview
Table 2: Peru, Royalty Rates under Production Scaling Scheme (%)
Table 3: Peru, Royalty Rates under R-Factor Scheme (%)
Table 4: Peru, Royalty Parameters for Block 192 in 2015 Bid Round
Table 5: Peru, Block XX Royalty Rates (%)
Table 6: Peru, Block II Royalty Rates (%)
Table 7: Peru, Block VII/VI Royalty Rates (%)
Table 8: Peru, Annual Fees (US$), All Regions Except Talara
Table 9: Peru, Annual Fees (US$), Talara region
Table 10: Peru, Corporate Income TaxRate (%)
Table 11: Peru, Block 192 Remuneration (% of production)
Table 12: Peru, Block Z-2BRemuneration (% of production)
Table 13: Peru, Previous Bid Rounds

List of Figures
Figure 1: Peru, Regime Flow Chart - Royalty/Tax License
Figure 2: Peru, Regime Flow Chart - Service Contract
Figure 3: Peru, Indicative NPV10/boe, IRR and State Take Comparison, Regional Onshore
Figure 4: Peru, Legal Framework
Figure 5: Peru, Institutional Framework
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