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Benchmarking royalty rates 4Q13

Thursday, April 3rd, 2014 Category: Regulations & Policy
Benchmarking royalty rates 4Q13

Excluding the ‘Additional Participation’ aka ‘Factor X’, average royalty rates in Colombia declined from 16.3% in 4Q12 to 15.5% in 4Q13, reflecting the slow shift in production from Traditional contracts to production from E&P Contracts, and from mature fields to newer fields with lower rates. But the graph shows there is considerable variation around the average.

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