Cuba Upstream Oil and Gas Fiscal Regime Profile:Covers Petroleum Regulations and Taxation for Explorations and Production Assets

Table of Contents

TABLE OF CONTENTS

1 Table of Contents 2
1.1 List of Figures 4
2 Introduction 5
2.1 Global Markets Direct Report Coverage 5
2.2 What Is This Report About? 5
2.3 How To Use This Report 5
3 Cuba 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 Duration 7
4.2 Exploration Obligation 7
5 Key Fiscal Terms 8
5.1 Royalty 8
5.2 Bonuses 8
5.3 Cost Recovery 8
5.4 Production Sharing 8
5.5 Taxation 8
5.6 Domestic Market Obligation 8
6 Sample Cashflows Calculations 9
7 APPENDIX 10
7.1 Methodology 10
7.2 Definitions 10
7.2.1 Units of Measure 10
7.2.2 Definition 10
7.3 Contact Us 11
7.4 About Global Markets Direct 11
7.5 Disclaimer 11


1.1 List of Figures
Figure 1: Cuba, Upstream Oil & Gas Fiscal Regime (PSA), Sample Cashflows, 2005-2016 9