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Global Barbados Upstream Fiscal and Regulatory Report - Legislative Amendments Clear the Way for Future Licensing

Press Release   •   Feb 01, 2017 05:13 EST

Barbados Upstream Fiscal and Regulatory Report - Legislative Amendments Clear the Way for Future Licensing, presents the essential information relating to the terms which govern investment into Barbados 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 Barbados upstream oil and gas investment climate.

View Report @ http://www.marketresearchreports.biz/analysis/943619

Scope

- Overview of current fiscal terms governing upstream oil and gas operations in Barbado

- 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 Barbado

Reasons to buy

- Understand the complex regulations and contractual requirements applicable to Barbados 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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http://www.marketresearchreports.biz/sample/sample/943619

Table of Contents

1 Table of Contents 1

1.1 List of Tables 3

1.2 List of Figures 3

2 Regime Overview 4

3 State Take Assessment 6

4 Key Fiscal Terms 7

4.1 Royalties, Bonuses and Fees 7

4.1.1 Royalty 7

4.1.2 Signature Bonus 7

4.1.3 Area Fee 7

4.1.4 Training Fee 8

4.1.5 Coastal and Marine Environment Research Fee 8

4.2 Direct Taxation 8

4.2.1 Offshore Petroleum Income Tax 8

4.2.2 Offshore Petroleum Additional Profits Tax 8

4.2.3 Onshore Petroleum Income Tax 9

4.3 Deductions and Depreciation 9

4.3.1 Offshore: 9

4.3.2 Onshore: 9

4.3.3 Withholding Tax 9

4.4 Indirect Taxation 10

4.4.1 Import Taxes and Duties 10

4.4.2 Value Added Tax 10

4.5 Abandonment Fund 10

4.6 State Participation 10

5 Regulation and Licensing 12

5.1 Legal Framework 12

5.1.1 Governing Law 12

5.1.2 Contract Type 12

5.1.3 Title to Hydrocarbons 12

5.2 Institutional Framework 13

5.2.1 Licensing Authority 13

5.2.2 Regulatory Agency 13

5.2.3 National Oil Company 13

5.3 Licensing Process 14

5.3.1 Licensing Rounds 14

5.3.2 Prequalification 14

5.3.3 Bidding 14

5.4 License Terms 15

5.4.1 Exploration License 15

5.4.2 Production License 15

5.4.3 Domestic Market Obligation 16

6 Outlook 17

7 Contact Information 18

 

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