Market Research Logo

Canada Upstream Fiscal and Regulatory Report - Greater Impact of Environmental Regulations Over The Medium Term

Canada Upstream Fiscal and Regulatory Report - Greater Impact of Environmental Regulations Over The Medium Term

Summary

Canada Upstream Fiscal and Regulatory Report - Greater Impact of Environmental Regulations Over The Medium Term, presents the essential information relating to the terms which govern investment into Canada’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 Canada’s upstream oil and gas investment climate.Scope

  • Overview of current fiscal terms governing upstream oil and gas operations in Canada
  • 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 Canada
Reasons to buy
  • Understand the complex regulations and contractual requirements applicable to Canada’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


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
4.1. Rental Fees
4.2. Royalties
4.2.1. Frontier Lands (Federal)
4.2.2. Alberta (Non-Oil Sands)
4.2.3. Alberta Oil Sands
4.2.4. British Columbia
4.2.5. Manitoba
4.2.6. New Brunswick
4.2.7. Newfoundland and Labrador
4.2.8. Nova Scotia
4.2.9. Ontario
4.2.10. Saskatchewan
4.2.11. Prince Edward Island
4.2.12. Quebec
4.2.13. Yukon
4.3. Freehold Production Taxes
4.3.1. Alberta
4.3.2. British Columbia
4.3.3. Manitoba
4.3.4. Saskatchewan
4.4. Direct Taxation
4.4.1. Corporate Income Tax
4.4.2. Deductions and Depreciation
4.5. Indirect Taxation
4.5.1. Value Added Tax
4.5.2. Alberta Carbon Levy
4.5.3. British Columbia Carbon Tax
4.5.4. Quebec Carbon Tax
5. Regulation and Licensing
5.1. Legal Framework
5.1.1. Governing Law
5.1.2. Contract Type
5.1.3. Title to Hydrocarbons
5.2. Institutional Framework
5.2.1. Licensing Authority and Regulatory Agency
5.2.2. National Oil Company
5.3. Licensing Terms and Process
5.3.1. Federal (Frontier lands)
5.3.2. Alberta
5.3.3. British Columbia
5.3.4. Manitoba
5.3.5. New Brunswick
5.3.6. Newfoundland and Labrador
5.3.7. Northwest Territories
5.3.8. Nova Scotia
5.3.9. Nunavut
5.3.10. Ontario
5.3.11. Prince Edward Island
5.3.12. Quebec
5.3.13. Saskatchewan
5.3.14. Yukon
6. Outlook
7. Appendix
7.1. Contact Us
7.2. Disclaimer
1.1 List of Tables
Table 1: Regime Overview
Table 2: Canada, Rental Fees
Table 3: Canada, Frontier Lands (Federal), Pre Project Payout, Royalty Rate (%)
Table 4: Canada, Alberta, Crude Oil and Condensate, rp% Formulae
Table 5: Canada, Alberta, Natural Gas, rp% Formulae
Table 6: Canada, Alberta, Propane, rp% Formulae
Table 7: Canada, Alberta, Butane, rp% Formulae
Table 8: Canada, Alberta, rq% Formulae
Table 9: Canada, Alberta, Oil Type Definitions
Table 10: Canada, Alberta, Emerging Resources Royalty, Project Benefit Period and C* Multiplier
Table 11: Canada, Alberta, ARF, Conventional Oil, Price Component (rp) (%)
Table 12: Canada, Alberta, ARF, Conventional Oil, Quantity Component (rq) (%)
Table 13: Canada, Alberta, ARF, Natural Gas, Price Component (rp) (%)
Table 14: Canada, Alberta, ARF, Natural Gas, Quantity Component (rq) (%)
Table 15: Canada, Alberta, ARF, New Well Royalty Special Categories
Table 16: Canada, Alberta, ARF, Natural Gas Deep Drilling Program Benefit Rates, Exploration Wells
Table 17: Canada, Alberta, ARF, Natural Gas Deep Drilling Program Benefit Rates, Development Wells
Table 18: Canada, British Columbia, Natural Gas Royalty Rate
Table 19: Canada, British Columbia, Natural Gas Royalty Rate, Royalty Reduction Factor
Table 20: Canada, British Columbia, Natural Gas Royalty Rate, Tier 1 Credit
Table 21: Canada, British Columbia, Natural Gas Royalty Rate, Tier 2 Credit, West Special Sour, Before August 31, 2009
Table 22: Canada, British Columbia, Natural Gas Royalty Rate, Tier 2 Credit, East Special Sour, Before August 31, 2009
Table 23: Canada, British Columbia, Natural Gas Royalty Rate, Tier 2 Credit, West Sweet, Before August 31, 2009
Table 24: Canada, British Columbia, Natural Gas Royalty Rate, Tier 2 Credit, East Sweet, Before August 31, 2009
Table 25: Canada, British Columbia, Natural Gas Royalty Rate, Tier 2 Credit, West Special Sour, After August 31, 2009
Table 26: Canada, British Columbia, Natural Gas Royalty Rate, Tier 2 Credit, East Special Sour, After August 31, 2009
Table 27: Canada, British Columbia, Natural Gas Royalty Rate, Tier 2 Credit, West Sweet, After August 31, 2009
Table 28: Canada, British Columbia, Natural Gas Royalty Rate, Tier 2 Credit, East Sweet, After August 31, 2009
Table 29: Canada, British Columbia, Natural Gas Royalty Rate, Deep Re-Entry Credit, East
Table 30: Canada, British Columbia, Natural Gas Royalty, Deep Re-Entry Credit, West
Table 31: Canada, British Columbia, Oil Royalty Rate, Old Oil
Table 32: Canada, British Columbia, Oil Royalty Rate, New Oil
Table 33: Canada, British Columbia, Oil Royalty Rate, Third Tier Oil, After January 1, 2000
Table 34: Canada, British Columbia, Oil Royalty Rate, Third Tier Oil, Before January 1, 2000
Table 35: Canada, British Columbia, Oil Royalty Rate, Heavy Oil
Table 36: Canada, Manitoba, Oil Royalty Volume (m3)
Table 37: Canada, New Brunswick, Oil Royalty Rates (%)
Table 38: Canada, Newfoundland and Labrador, Generic Offshore Oil, Basic Royalty Rates (%)
Table 39: Canada, Newfoundland and Labrador, Generic Offshore Oil, Net Royalty Rates (%)
Table 40: Canada, Newfoundland and Labrador, Generic Offshore Oil, Basic Royalty Rates (%), 1990 - 2001
Table 41: Canada, Newfoundland and Labrador, Generic Offshore Oil, Net Royalty Rates (%),1990 - 2001
Table 42: Canada, Newfoundland and Labrador, Hibernia Field, Basic Royalty Rates (%), 2015
Table 43: Canada, Nova Scotia, Base Offshore Royalty Rates (%)
Table 44: Canada, Nova Scotia, Small Oil Offshore Royalty Rates (%)
Table 45: Canada, Nova Scotia, High Risk Offshore Royalty Rates (%)
Table 46: Canada, Nova Scotia, Sable Offshore Royalty Rates (%)
Table 47: Canada, Nova Scotia, Deep Panuke Royalty Rates (%)
Table 48: Canada, Saskatchewan, Conventional Oil Royalty Rate (%)
Table 49: Canada, Saskatchewan, Conventional Oil Royalty, Calculation of K
Table 50: Canada, Saskatchewan, Natural Gas Royalty Rates (%)
Table 51: Canada, Prince Edward Island, Oil Royalty Rates
Table 52: Canada, Quebec, Oil Royalty Rates
Table 53: Canada, Quebec, Natural Gas Royalty Rates
Table 54: Canada, Alberta, Freehold Production Tax, Light Crude, Heavy Crude, Crude Bitumen, Adjustment Formula
Table 55: Canada, Alberta, Freehold Production Tax, Natural Gas, rQ%
Table 56: Canada, British Columbia, Freehold Production Tax, Oil
Table 57: Canada, British Columbia, Freehold Production Tax, Conservation Gas
Table 58: Canada, British Columbia, Freehold Production Tax, Non-Conservation Gas
Table 59: Canada, Manitoba, Freehold Production Tax, Crude Oil (%)
Table 60: Canada, Saskatchewan, Freehold Production Tax, Production Tax Factor
Table 61: Canada, Provincial / Territorial Income Tax Rates (%), 2017
Table 62: Canada, Income Tax, Capital Cost Allowance, Depreciation Rates (%)
Table 63: Canada, GST/HST Rates (%)
Table 64: Canada, Provincial / Territorial Governing Laws
Table 65: Canada, Provincial / Territorial Regulatory Bodies
Table 66: Canada, Quebec, Work Obligation
Table 67: Canada, Saskatchewan, Work Obligation (CAD per Hectare)
1.2 List of Figures
Figure 1: Regime Flow Chart
Figure 2: Canada, Indicative NPV10/boe, IRR and State Take Comparison, Internal
Figure 3: Canada, Indicative NPV10/boe, IRR and State Take Comparison, Regional
Figure 4: Canada, Legal Framework
Figure 5: Canada, Institutional Framework

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report