Country report

Brunei Darussalam upstream fiscal summary

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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...

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  • Document

    Brunei Darussalam upstream fiscal summary

    PDF 337.57 KB

Table of contents

Tables and charts

This report includes 20 images and tables including:


  • Executive summary: Image 1
  • Split of Barrel - oil
  • Split of barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • State share versus Pre-Share IRR - oil
  • Contractor Profit Share Oil
  • Contractor Profit Share Gas
  • Economic analysis: Image 6
  • Investor IRR versus Pre-Share IRR - oil
  • Investor IRR versus Pre-Share IRR - gas


  • Effective royalty rate - Oil
  • Effective royalty rate - Gas
  • Maximum government share - Oil
  • Maximum government share - Gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • Profit sharing
  • Current licence, equity and fiscal terms: Table 4
  • Assumed terms by location - Oil and gas

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