Country report
| |
11 Pages

Brunei Darussalam upstream fiscal summary

Brunei Darussalam upstream fiscal summary

Report summary

Production Sharing Contract (PSC)-based fiscal regime.  The Government has the option to back-in for a 15% equity stake at the time of first production.  Cost recovery is limited to 80% of gross oil and gas revenues in deepwater PSCs in any one year, whilst profit oil splits are biddable on a tiered system based on oil production rates.  Corporate income tax, and a range of bonuses, rentals and fees, are payable. All production in Brunei is currently governed by older concession terms, but...

What's included?

This report includes 1 file(s)

  • Brunei Darussalam upstream fiscal summary PDF - 337.57 KB 11 Pages, 9 Tables, 11 Figures


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
    • Revenue flowchart: Brunei PSC
  • Current licence, equity and fiscal terms
    • Basis
    • Licence terms.
    • Government equity participation
    • Fiscal terms
      • Ring fencing
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • PSC cost recovery
      • PSC profit sharing
      • Additional petroleum taxes
        • Supplementary payment
        • Research contribution
      • Corporate income tax
      • Product pricing
      • Summary of modelled terms
  • Fiscal stability
    • Recent history of fiscal changes
    • Stability provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
      • State share versus Pre-Share IRR - gas

In this report there are 20 tables or charts, including:

  • Executive summary
    • Executive summary: Image 1
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Indirect taxes
    • Profit sharing
    • Contractor Profit Share Oil
    • Contractor Profit Share Gas
    • Current licence, equity and fiscal terms: Table 4
    • Assumed terms by location - Oil and gas
  • Fiscal stability
  • Economic analysis
    • Split of Barrel - oil
    • Split of barrel - gas
    • Share of profit - oil
    • Share of profit - gas
    • Effective royalty rate - Oil
    • Effective royalty rate - Gas
    • Maximum government share - Oil
    • Maximum government share - Gas
    • State share versus Pre-Share IRR - oil
    • Economic analysis: Image 6
    • Investor IRR versus Pre-Share IRR - oil
    • Investor IRR versus Pre-Share IRR - gas
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...