Guyana Petroleum PSA Royalty & Profit Oil Calculator
Model offshore crude oil production economics, comparing the historic 2016 Stabroek Block Agreement (2% royalty, 75% cost cap) with the 2023 New Model PSA (10% royalty, 65% cost cap, 10% tax) in USD and GYD.
Production & Price Parameters
Fiscal Petroleum Sharing Matrix Values in Millions ($M USD)
| Fiscal Stream | Formula / Share | Value ($M USD) | Share of Gross |
|---|---|---|---|
| Total Gross Oil Revenue | 10M bbl @ $80/bbl | $800.0M | 100.0% |
| Gross Royalty (to NRF) | 2.0% Royalty | $16.0M | 2.0% |
| Contractor Cost Recovery (Cost Oil) | 75% Cost Cap | $600.0M | 75.0% |
| Total Available Profit Oil | 25% Remaining Oil | $200.0M | 25.0% |
| Government Share of Profit Oil | 50% of Profit Oil | $100.0M | 12.5% |
| Total Government Take (to NRF) | Royalty + Gov Profit Oil + Tax | $116.0M | 14.5% |
Natural Resource Fund (NRF): 100% of Guyana's petroleum receipts (royalty and profit oil) flow into the Natural Resource Fund, managed by the Bank of Guyana with annual parliamentary withdrawal limits.
Fiscal Agreement Differences:
- 2016 Stabroek PSA: 2% Royalty, 75% Cost Cap, 50/50 Profit Oil, 0% Corporate Tax.
- 2023 New Model PSA: 10% Royalty, 65% Cost Cap, 50/50 Profit Oil, 10% Corporate Tax.
- Exchange Conversion: At ~G$210 per USD, $116M USD equates to ~G$24.36 Billion GYD.
Frequently Asked Questions
Authoritative statutory guidance and compliance details
1. What is the fiscal framework of the 2016 Stabroek Block PSA in Guyana?
The 2016 Petroleum Agreement between the Government of Guyana and the Esso/Hess/CNOOC consortium features: a 2% gross production royalty, a maximum 75% cost oil recovery ceiling, and a 50/50 split of the remaining 25% profit oil (12.5% to the Government, 12.5% to the contractor).
2. What are the fiscal terms of the 2023 New Model PSA in Guyana?
The 2023 New Model Production Sharing Agreement significantly increases the Government take with: a 10% gross royalty, a lower 65% cost recovery ceiling, a 50/50 split of the remaining 35% profit oil, and a 10% corporate income tax.
3. Where are Guyana's oil revenues deposited?
All petroleum royalties and the Government of Guyana's share of profit oil cargoes are deposited directly into the Natural Resource Fund (NRF) maintained at the Federal Reserve Bank of New York.
4. What is Cost Oil in a Production Sharing Agreement?
Cost Oil represents the portion of crude production allocated to the contractor to recover exploration, development, and operating expenditures, up to the statutory percentage cap (75% or 65%).
5. How much total revenue does Guyana receive under each PSA model?
Under the 2016 Stabroek PSA, Guyana receives approximately 14.5% of total gross revenue when operating at the full cost ceiling. Under the 2023 New Model PSA, the Government take rises to approximately 27.5% or higher.
Engr. Muhammad Shahzad
Verified Financial Systems AuditorFounder of appsforpc.net and expert in statutory payroll systems, cross-border tax compliance, and automated legal computations. All calculator logic is strictly benchmarked against official statutes and regulatory publications.
📊 Guyana Revenue Authority (GRA) & NIS Statutory Matrix
| Statutory Component / Legal Deduction Item | Calculated Amount (GYD) |
|---|---|
| Primary Net / Statutory Payable Amount | GY$ 0.00 |
Engr. Muhammad Shahzad
Principal Financial Systems Architect & South American CARICOM & Guyana Revenue Authority Lead
Lead software and systems architect specializing in high-performance browser computing, algorithmic validation, financial models, and zero-telemetry client-side privacy architecture.