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Ukraine Upstream Fiscal and Regulatory Report - Volatile Shifts in Subsoil Rates Dent Investor Confidence

Ukraine Upstream Fiscal and Regulatory Report - Volatile Shifts in Subsoil Rates Dent Investor Confidence

Summary

“Ukraine Upstream Fiscal and Regulatory Report - Volatile Shifts in Subsoil Rates Dent Investor Confidence”, presents the essential information relating to the terms which govern investment into Ukraine’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 Ukraine’s upstream oil and gas investment climate.

Scope

  • Overview of current fiscal terms governing upstream oil and gas operations in Ukraine
  • 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 Ukraine
Reasons to buy
  • Understand the complex regulations and contractual requirements applicable to Ukraine’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 - Royalty/Tax
    • Table Figure 2: Regime Flow Chart - Production Sharing Agreement
  • State Take Assessment
    • Table Figure 3: Ukraine, Indicative NPV10/boe, IRR and State Take Comparison - Internal, 2016
    • Table Figure 4: Ukraine, Indicative NPV10/boe, IRR and State Take Comparison - Regional, 2016
  • Key Fiscal Terms - Royalty/Tax
    • Subsoil Use Fees (2013 onwards)
      • Commodity Valuation
      • Rates
        • Table Ukraine, Subsoil Use Fee Rates (%), 2013 - 2017
      • Adjustment Coefficient
      • Reduced Rate (Only for Companies with at Least 25% State Ownership)
    • Pre-2013 Regime
      • Rental (Royalty) (Abolished December 31, 2012)
        • Table Ukraine, Crude Oil Rental Rates, 2001-2012
        • Table Ukraine, Condensate Rental Rates, 2001-2012
        • Table Ukraine, Gas Rental Rates, 2001-2012
      • Subsoil Tax
        • Table Ukraine, Subsoil Tax, Oil, Condensate and Gas 2001-2012
      • Geological Tax (Abolished December 31, 2010)
        • Table Ukraine, Geological Tax Rates, 1999-2012
    • Gas Export Duty
    • Direct Taxation
      • Corporate Income Tax
        • Table Ukraine, Corporate Income Tax, 1991-2016
      • Deductions and Depreciation
        • Table Ukraine, Minimum Useful Lives (years), Fixed and Non-Current Assets (other than wells), 2015 Onwards
        • Table Ukraine, Pre-2015 Development Well Depreciation Schedule
      • Withholding Tax
    • Indirect Taxation
      • Value-Added Tax
      • Unified Social Contribution
  • Key Fiscal Terms - Production Sharing Agreement
    • Upfront Payments
      • Bonuses and Fees
        • Table Ukraine, Bonuses and Fees, Yuzivska PSA (2013)
      • Subsoil Use Fees
    • Cost Recovery
      • Limit on Recovery
      • Recoverable Costs
    • Profit-Sharing
      • Table Ukraine, Profit-Sharing (%), Yuzivska PSA (2013)
      • Table Ukraine, State Profit Share (%), Oleska PSA (2013)
      • Export Duty
    • Direct Taxation
      • Corporate Income Tax
      • Fiscal Stability
    • Indirect Taxation
      • Value-Added Tax
    • State Participation
  • Regulation and Licensing
    • Legal Framework
      • Table Figure 5: Ukraine, Legal Framework
      • Governing Law
      • Contract Type
      • Title to Hydrocarbons
    • Institutional Framework
      • Table Figure 6: Ukraine, Institutional Framework
      • Licensing Authority
      • Regulatory Agency
      • National Oil Company
    • Licensing Process
      • Auctions
        • Table Ukraine, Special Permit Bidding Increments, 2016
      • Direct Award
      • Tender
      • Bidding
    • License Terms
      • Duration
        • Table Ukraine, Special Permit Maximum Duration (years), 2016
      • Work Obligations
      • Domestic Market Obligations
      • Local Content
  • Outlook
  • Contact Information

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