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Ecuador Upstream Fiscal and Regulatory Report - Government Looks to Improve Terms for Upcoming 12th Round

Ecuador Upstream Fiscal and Regulatory Report - Government Looks to Improve Terms for Upcoming 12th Round

Summary

“Ecuador Upstream Fiscal and Regulatory Report - Government Looks to Improve Terms for Upcoming 12th Round”, presents the essential information relating to the terms which govern investment into Ecuador’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 Ecuador’s upstream oil and gas investment climate.

Scope

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


  • Regime Overview
    • Table Summary
    • Table Figure 1: Regime Flow Chart
  • State Take Assessment
    • Table Figure 2: Ecuador, Indicative NPV10/boe, IRR and State Take Comparison - Regional, 2015
  • Key Fiscal Terms - Service Contract
    • Initial Payments before Remuneration
      • Sovereign Margin/Royalty
      • Contribution to the Amazon Region Eco-Development Fund
      • Additional Tax on Crude Oil Pipeline Transportation - Law 40
    • Remuneration
      • Service Contracts with Ministry of Hydrocarbons
        • Table Ecuador, Remuneration Fee Framework, Blocks 28, 79 and 83
        • Table Ecuador, Remuneration Fees, Pre-November 2012 Contracts
      • Specific Service Contracts with NOC
    • Additional Contributions (Contracts with Ministry Only)
      • Payment for Use of Water and Natural Materials
      • Contribution for Scholarships and Development of the National Technical Education
      • Contribution for Scientific Research
    • Direct Taxation
      • Labor Participation
      • Corporate Income Tax
        • Table Ecuador, Corporate Income Tax Rates (%), 2000-Present
      • Deductions and Depreciation
      • Withholding Tax
    • Indirect Taxation
      • VAT
      • Import Duties
    • Natural Gas
  • Key Fiscal Terms - NOC Regime
    • Royalty
      • Table Ecuador, royalty rate, PetroAmazonas
    • Production Fees
    • Budget Remittance
  • Regulation and Licensing
    • Legal Framework
      • Table Figure 3: Ecuador, Legal Framework
      • Governing Law
      • Contract Type
      • Title to Hydrocarbons
    • Institutional Framework
      • Table Figure 4: Ecuador, Institutional Framework
      • Licensing Authority
      • Regulatory Agency
      • National Oil Company
    • Licensing Process
      • Licensing Rounds
        • Table Ecuador, Historical Licensing Rounds, 1985-2016
      • Prequalification
      • Bidding
        • Table Ecuador, Bidding Criteria, 11th Licensing Round
    • License Terms
      • Duration
      • Work Obligations
      • Local Content
  • Outlook
  • Contact Information

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