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Colombia Upstream Fiscal and Regulatory Report - Flexibility on Contract Requirements Signals Ambition to Attract Investment

  • Regime Overview
    • Table Summary
    • Table Figure 1: Regime Flow Chart
  • State Take Assessment
    • Table Figure 2: Colombia, Indicative NPV10/boe, IRR and State Take Comparison - Internal, 2016
    • Table Figure 3: Colombia, Indicative NPV10/boe, IRR and State Take Comparison - Resource Peer Group, 2016
  • Key Fiscal Terms
    • Subsoil Use Fees
      • Table Colombia, Conventional Deposits, Subsoil Use Fees (US$/ha), Exploration Phase, 2016
      • Table Colombia, Unconventional Deposits, Subsoil Use Fees (US$/ha), Exploration Phase, 2016
    • Technology Transfer Contribution
    • Royalties
      • Table Colombia, Standard Sliding Scale Royalty Rates (Light Crude)
      • Table Colombia, Discounts to Light Crude Royalty Rate
    • High Price Participation
      • Table Threshold Benchmark Prices, Liquids, High-Price Participation, 2016
      • Table Colombia, Threshold Benchmark Prices, Gas, High-Price Participation, 2016
      • Table Colombia, High Price Participation Percentages Allocated to ANH, 2016
    • Production Participation
      • Table Colombia, Production Participation Rates (%), 2014 Round
    • Additional Production Participation
    • Community Benefit Program Contribution
    • Direct Taxation
      • Corporate Income Tax
        • Table Colombia, Corporate Income Tax Rate, Foreign Entities, 2015-2018
        • Table Corporate Income Tax Rate, All Entities, 1995-2012
      • FTZ Reduction
      • CREE
      • CREE Surtax
        • Table Colombia, CREE Surtax, 2015-2018
      • Deductions and Depreciation
    • State Participation (under Association Contracts)
      • Table Colombia, Participation Split - 2nd Generation (1990-1994)
      • Table Colombia, Participation Split - 3rd Generation (1994-1999)
      • Table Colombia, Participation Split - 4th Generation (2000-2003)
  • Regulation and Licensing
    • Legal Framework
      • Table Figure 4: Colombia, Legal Framework
      • Governing Law
      • Contract Type
      • Title to Hydrocarbons
    • Institutional Framework
      • Table Figure 5: Colombia, Institutional Framework
      • Licensing Authority
      • Regulatory Agency
      • National Oil Company
    • Licensing Process
      • Licensing Rounds
      • Prequalification
        • Table Colombia, Bid Round Qualification Criteria, 2014 Round
        • Table Colombia, Indebtedness Range Calculation, Financial Economic Capacity Score, 2014 Round
        • Table Colombia, Debt Service Coverage Range Calculation, Financial Economic Capacity Score, 2014 Round
      • Bidding
        • Table Colombia, Evaluation Criteria, 2014 Round
    • License Terms
      • Duration
      • Work Obligations
        • Table Colombia, Minimum Exploration Work Program Requirements, Bid Round 2014
        • Table Colombia Exploration Phase Financial Guarantee Reduction, Exploration Phases Three Years or Greater, 2015
        • Table Colombia Exploration Phase Financial Guarantee Reduction, Exploration phases Less Than Three Years, 2015
      • Relinquishment
  • Outlook
  • Contact Information

Colombia Upstream Fiscal and Regulatory Report - Flexibility on Contract Requirements Signals Ambition to Attract Investment

Summary

“Colombia Upstream Fiscal and Regulatory Report - Flexibility on Contract Requirements Signals Ambition to Attract Investment”, presents the essential information relating to the terms which govern investment into Colombia’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 Colombia’s upstream oil and gas investment climate.

Scope

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