Please see below for a guide to using the Fiscal Benchmarking functionality in Lens Upstream.
Select Fiscal Benchmarking from the Valuation drop down on the left and click 'Start Workflow':
Select an asset that mirrors the project you'd like to benchmark (e.g. a producing, deepwater, giant, conventional oil field such as Marlim Sul in Brazil).
💡 Tip: If you filter for an asset prior to selecting Fiscal Benchmarking, that asset will already be added to the screen and automatically populated into the 'Asset' box:
Select the regimes to run the benchmarking under - you can select up to twenty (20) regimes, then click 'Continue'.
💡 Tip: The regime that the asset is currently in will be run automatically in addition to the selected regimes
Select or change your assumptions (tax marker, price deck, discount rate/date, etc.), then click 'Continue'.
💡 Tip: The different assumption options available for editing are explained in this article
You will then be able to review the settings of your Fiscal Benchmarking before running the calculation. You can go back from this page and make any changes, if required.
Once the valuations have been completed you will see the 'Regime comparison' chart showing metrics including present values, IRR, and government take as well as a comparison table at the bottom for review.
You can also export any of the underlying calc files from the top of the page to better understand the fiscal terms used and make any more bespoke modifications.
