Table of Contents
TABLE OF CONTENTS
1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 4
2 Introduction 5
2.1 What Is This Report About?
5
2.2 How To Use This Report 5
3 Colombia Petroleum Fiscal Environment
6
3.1 Governing Law 6
3.2 Licensing Authority 6
3.3 National Oil
Company 6
3.4 Contract Type 6
4 License terms 7
4.1 Exploration
7
4.1.1 Area 7
4.1.2 Duration 7
4.1.3 Relinquishment 7
4.1.4
Exploration obligation 7
4.2 Production 7
4.2.1 Area 7
4.2.2
Duration 7
5 Key Fiscal Terms 8
5.1 Royalty 8
5.2 Bonuses 8
5.3 Fees 8
5.4 Taxation 9
5.5 Deductions and Depreciation 9
5.6
Withholding Tax 9
5.7 Ring Fence 9
6 Sample cashflows calculations
10
7 APPENDIX 11
7.1 Methodology 11
7.2 Definitions 11
7.2.1
Units of Measure 11
7.2.5 Definition 11
7.3 Contact Us 12
7.4
About Global Markets Direct 12
7.5 Disclaimer 12
1.1 List of
Tables
Table 1: Colombia, Crude Oil and Natural Gas, Royalty Rate, 2007
8
Table 2: Colombia, Trigger Price For Various Crude Oil Quality, 2007
9
Table 3: Colombia, Depreciation Rate For Fixed Assets, 2007 9
Figure
1: Colombia, Upstream Oil & Gas Fiscal Regime (Royalty/Tax), Sample Cashflows,
2005-2016 10
1.2 List of Figures
Figure 1: Colombia, Upstream Oil
& Gas Fiscal Regime (Royalty/Tax), Sample Cashflows, 2005-2016 10
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