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Philippines Upstream Fiscal and Regulatory Report - Regulatory Uncertainty Clouds Near-Term Licensing Outlook

Philippines Upstream Fiscal and Regulatory Report - Regulatory Uncertainty Clouds Near-Term Licensing Outlook

Summary

“Philippines Upstream Fiscal and Regulatory Report - Regulatory Uncertainty Clouds Near-Term Licensing Outlook”, presents the essential information relating to the terms which govern investment into Philippines’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 Philippines’s upstream oil and gas investment climate.

Scope

  • Overview of current fiscal terms governing upstream oil and gas operations in Philippines
  • 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 Philippines
Reasons to buy
  • Understand the complex regulations and contractual requirements applicable to Philippines’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: Philippines, Indicative NPV10/boe, IRR and State Take Comparison - Regional, 2016
  • Key Fiscal Terms
    • Bonuses and Fees
      • Signature Bonus
      • Production Bonus
        • Table Philippines, PECR Production Bonuses (US$), 2016
      • Developmental Assistance Contribution
      • Training Allowance
      • Rentals
    • Filipino Participation Incentive Allowance (FPIA)
      • Table Philippines, PECR FPIA Allowance (%), PECR5
    • Cost Recovery
      • Cost Recovery Limit
      • Recoverable Costs
      • Cross Recovery
    • Profit-Sharing
    • Direct Taxation
      • Corporate Income Tax
        • Table Philippines, Corporate Tax Rate (%), 2000-Present
      • Production Allowance
      • Deductions and Depreciation
      • Special Tax on Subcontractors
      • Withholding Tax
    • Indirect Taxation
      • Value Added Tax
      • Customs Duty
      • Tax on Alien Workers
    • Stabilization
  • Regulation and Licensing
    • Legal Framework
      • Table Figure 3: Philippines, Legal Framework
      • Governing Laws
      • Contract Type
      • Title to Hydrocarbons
    • Institutional Framework
      • Table Figure 4: Philippines, Institutional Framework
      • Licensing Authority
      • Regulatory Agency
      • National Oil Company
    • Licensing Process
      • Bidding
        • Table Philippines, Bidding Criteria, 2015
    • License Terms
      • Duration
      • Relinquishment
      • Work Obligation
      • Domestic Obligation
  • Outlook
  • Contact Information

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