Country Report

Indonesia upstream fiscal summary

Get this report

$1,650

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

29 June 2018

Indonesia upstream fiscal summary

Report summary

Effective 2017, all new upstream licences are awarded under new Gross Split PSC terms.  The mechanism involves revenue sharing between the contractor and the government, based on a number of parameters. The parameters include base split, incremental variable split (10 parameters), plus progressive split (linked to oil/gas price and cumulative production). Land and building tax is levied at 0.5% rate; corporate income tax and withholding tax are levied at 40% combined rate. A contractor may be obliged to offer a 10% participating contract interest to a regional government owned company, following development approval of the first field in the contract area.

Table of contents

  • Executive summary
  • Current licence, equity and fiscal terms
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring fencing
      • Bonuses, rentals and fees
      • Indirect taxes
        • Land and building tax
      • Royalty
      • PSC cost recovery
      • PSC profit sharing
      • Additional petroleum taxes
        • Domestic market obligation (DMO)
      • Corporate income tax
      • Fiscal treatment of decommissioning
      • Product pricing
      • Summary of modelled terms
    • Recent history of fiscal changes
      • Timeline details
    • Stability provisions
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
      • Effective royalty rate
      • Maximum government share
    • Progressivity
    • Fiscal deterrence

Tables and charts

This report includes 30 images and tables including:

  • Revenue flowchart: Indonesia PSC
  • Timeline
  • Split of Barrel - oil
  • Split of barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • Effective royalty rate and minimum state share - onshore, oil
  • 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
  • Bonuses, rentals and fees
  • Indirect taxes
  • Contractor revenue share - assumed terms
  • Contractor oil revenue share at different oil prices
  • Contractor gas revenue share at different gas prices
  • Depreciation schedule
  • Assumed terms by location - oil and gas
  • Fiscal stability: Table 1
  • Economic analysis: Table 2
  • Effective royalty rate and minimum state share - shelf, oil
  • Effective royalty rate and minimum state share - shelf, gas
  • Effective royalty rate and minimum state share - deepwater, oil
  • Effective royalty rate and minimum state share - deepwater, gas
  • Maximum government share and maximum state share - onshore, oil
  • Maximum government share and maximum state share - onshore, gas
  • Economic analysis: Table 9
  • Maximum government share and maximum state share - shelf, gas
  • Maximum government share and maximum state share - deepwater, oil
  • Maximum government share and maximum state share - deepwater, gas

What's included

This report contains:

  • Document

    Indonesia upstream fiscal summary

    PDF 326.36 KB