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Ireland Upstream Fiscal and Regulatory Report - Fiscal Terms May Continue to Support Exploration Investment

Ireland Upstream Fiscal and Regulatory Report - Fiscal Terms May Continue to Support Exploration Investment

Summary

“Ireland Upstream Fiscal and Regulatory Report - Fiscal Terms May Continue to Support Exploration Investment”, presents the essential information relating to the terms which govern investment into Ireland’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 Ireland’s upstream oil and gas investment climate.

Scope

  • Overview of current fiscal terms governing upstream oil and gas operations in Ireland
  • 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 Ireland
Reasons to buy
  • Understand the complex regulations and contractual requirements applicable to Ireland’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: Ireland, Indicative NPV10/boe Comparison - Internal, 2016
    • Table Figure 3: Ireland, Indicative NPV10/boe, IRR and State Take Comparison - Regional Peers, 2016
  • Key Fiscal Terms
    • Royalties, Bonuses and Fees
      • Rental Fees
        • Table Ireland, Annual Rental Fees (€/sq.km), 2016
      • Contributions to Research Funds
      • Royalty (Abolished for New Licenses From 1987)
    • Direct Taxation
      • Petroleum Production Tax (Licenses Awarded From June 18, 2014)
        • Table Ireland, Petroleum Production Tax Rates (%), 2016
      • Profit Resource Rent Tax (Licenses Awarded Between January 1, 2007 and June 18, 2014)
        • Table Ireland, Profit Resource Rent Tax (%), 2016
      • Corporate Income Tax
      • Deductions and Depreciation
      • Remittance
      • Relevant Contracts Tax (For Subcontractors)
    • Indirect Taxation
      • Value Added Tax (VAT)
      • Customs Duty
      • EU Emissions Trading Scheme
  • Regulation and Licensing
    • Legal Framework
      • Table Figure 4: Legal Framework
    • Governing Law
      • Contract and License Types
      • Title to Hydrocarbons
    • Institutional Framework
      • Table Figure 5: Institutional Framework
      • Licensing Authority
      • Regulatory Agencies
    • Licensing Process
      • Application Requirements
        • Table Ireland, License Application Scoring System, 2016
      • Application Fees
        • Table Ireland, License Application Fees (€), 2016
    • License Terms
      • Duration
      • Exploration Obligations
      • Development Plans
      • Joint Development
      • Surrender of Licenses
  • Outlook
  • Contact Information

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