Country report

India upstream fiscal summary

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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 contains

  • Document

    India upstream fiscal summary

    PDF 381.29 KB

Table of contents

  • Executive summary
  • Current licence, equity and fiscal terms
  • Fiscal stability
  • Economic analysis

Tables and charts

This report includes 27 images and tables including:

Images

  • Revenue flow chart: India RSM
  • Timeline
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - 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
  • Contractor revenue share
  • Current licence, equity and fiscal terms: Image 2

Tables

  • Timeline details
  • 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
  • Bonuses, rentals and fees
  • Indirect Taxes
  • Royalty rates
  • Revenue sharing
  • Current licence, equity and fiscal terms: Table 5
  • Assumed terms by location - oil and gas

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