Categories
All News

Cuba Upstream (Oil and Gas) Fiscal and Regulatory Guide Report

Cuba offers acreage for upstream operations through production sharing agreements (PSAs). A new deepwater PSA model has been announced as part of Cuba’s 1st Offshore Licensing round taking place between 2019-2021. The licensing round includes 24 deepwater blocks in Cuba’s Gulf of Mexico EEA. The new PSA model except from training fees does not include any royalties, surface fees and production bonuses. Cuba’s fiscal changes since 2014 are increasingly attractive and favourable, especially for deep-water blocks. There is an increasing exploration interest during the last few years across the Caribbean region which might encourage investments in Cuba as well. Taking into consideration that all peer countries of Cuba have higher exploration activity, Cuba’s favourable terms are expected to remain in place over the following years with the objective to attract foreign investments and support its economy. However, the reinstated US sanctions, the sector uncertainty caused by the COVID-19 pandemic, the accelerated efforts towards the energy transition, and the frontier nature of the deep-water blocks may be barriers to investment.

Request for FREE PDF Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=3956385

Cuba Upstream (Oil and Gas) Fiscal and Regulatory Guide”, presents the essential information relating to the terms which govern investment into Cuba’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 Cuba’s upstream oil and gas investment climate.

Scope of this Report-
– Overview of current fiscal terms governing upstream oil and gas operations in Cuba
– 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 Cuba

Reasons to Buy this Report-
– Understand the complex regulations and contractual requirements applicable to Cuba’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

Single User License: US $ 1500
Get FLAT 25% Discount on this Report @ https://www.reportsnreports.com/purchase.aspx?name=3956385

Table of Contents
1. Executive Summary
1.1 Regime Overview ? Production Sharing Agreements
1.2 Timeline
2. State Take Assessment
3. Key Fiscal Terms – Production Sharing Agreements
3.1 Royalties, Bonuses, and Fees
3.2 Cost Recovery
3.3 Profit Sharing
3.4 Direct Taxation
3.5 Indirect Taxation
3.6 State Participation
3.7 Natural Gas Provisions
3.8 Domestic Market Obligation
3.9 Local Content
3.10 Abandonment Provisions
3.11 Joint Committee
4. Regulation and Licensing
4.1 Legal Framework
4.2 Institutional Framework
4.3 Licensing Process
5. Appendix
5.1 References

https://bisouv.com/