Country report
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15 Pages

India upstream fiscal summary

India upstream fiscal summary

Report summary

Production Sharing Contract (PSC) fiscal regime which offers incentives for deepwater operations. There is no mandatory state participation under the most recent licenses, which are issued under the New Exploration Licensing Policy (NELP). Royalty rates vary by location (onshore, shelf, deepwater) and oil/gas, with lower rates for deepwater.  Cost recovery ceilings are biddable.  Profit oil/gas is split between the contractor and the government based on a sliding scale tied to post-tax rates...

What's included?

This report includes 1 file(s)

  • India upstream fiscal summary PDF - 381.29 KB 15 Pages, 15 Tables, 12 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
  • Current licence, equity and fiscal terms
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring Fencing
      • Bonuses, rentals and fees
      • Indirect Taxes
      • Royalty
      • Revenue Sharing
      • Corporate Income Tax
        • Minimum Alternative 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
    • Fiscal deterrence

In this report there are 27 tables or charts, including:

  • Executive summary
    • Revenue flow chart: India RSM
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Indirect Taxes
    • Royalty rates
    • Revenue sharing
    • Contractor revenue share
    • Current licence, equity and fiscal terms: Image 2
    • Current licence, equity and fiscal terms: Table 5
    • Assumed terms by location - oil and gas
  • Fiscal stability
    • Timeline
    • Timeline details
  • Economic analysis
    • Split of the barrel - oil
    • Split of the barrel - gas
    • Share of profit - oil
    • Share of profit - gas
    • Effective royalty rate - onshore, oil
    • Effective royalty rate - onshore, gas
    • Effective royalty rate - shelf, oil and gas
    • Effective royalty rate - deepwater, oil and gas
    • Maximum government share - onshore, oil
    • Maximum government share - onshore, gas
    • Maximum government share - shelf, oil and gas
    • Maximum government share - deepwater, oil and gas
    • State share versus Pre-Share IRR - oil
    • State share versus Pre-Share IRR - gas
    • Investor IRR versus Pre-Share IRR - oil
    • Investor IRR versus Pre-Share IRR - gas
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