Trinidad and Tobago Upstream Fiscal and Regulatory Report 2019 – Investors to Pay Royalty under New Model PSA – ResearchAndMarkets.com

The "Trinidad
and Tobago Upstream Fiscal and Regulatory Report - Investors to Pay
Royalty under New Model PSA" report has been added to ResearchAndMarkets.com's
offering.

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 Tobago'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 Trinidad and
Tobago's upstream oil and gas investment climate.

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.

Scope

• Overview of current fiscal terms governing upstream oil and gas
  operations in Trinidad and Tobago
• 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 Trinidad and
  Tobago.

Reasons to Buy

• Understand the complex regulations and contractual requirements
  applicable to Trinidad and Tobago'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.

Key Topics Covered:

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

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. Licensing Rounds

6.3.2. Pre-qualification Process

6.3.3. Bid Evaluation

6.4. License Terms

6.4.1. Contract Duration and Relinquishments

6.4.2. Work Obligation

6.5. Local Content

6.6. Domestic Market Obligation

6.7. Management Committee

7. Outlook

8. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/4wuw82

View source version on businesswire.com: https://www.businesswire.com/news/home/20190531005403/en/

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