Country report
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14 Pages

Myanmar upstream fiscal summary

Myanmar upstream fiscal summary

Report summary

Production Sharing Contract (PSC) fiscal regime, with licence terms varying by vintage and with incentives for deepwater exploration.  Royalty is fixed across all sectors, whereas cost recovery ceilings increase from onshore to shallow offshore to deepwater.  Profit oil splits are negotiable based on tiered daily production rates specified during the application process.  Corporate income tax, and a range of bonuses, rentals and fees are payable; in addition there is a small domestic market...

What's included?

This report includes 1 file(s)

  • Myanmar upstream fiscal summary PDF - 365.66 KB 14 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
      • PSC cost recovery
      • PSC profit sharing
      • Additional petroleum taxes
        • Domestic supply obligation (DSO)
        • 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
    • Fiscal deterrence

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

  • Executive summary
    • Revenue flowchart: Myanmar PSC
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Indirect taxes
    • Profit sharing - Oil
    • Current licence, equity and fiscal terms: Table 4
    • Profit sharing - Gas
    • Contractor Profit Share Oil - Shelf
    • Contractor Profit Share Gas - Shelf
    • Assumed terms by location - oil and gas
  • Fiscal stability
    • Timeline
    • Timeline details
  • Economic analysis
    • Split of Barrel - oil
    • Split of barrel - gas
    • Share of profit - oil
    • Share of profit - gas
    • Effective royalty rate - onshore, oil
    • Effective royalty rate - onshore, gas
    • Effective royalty rate - shelf and deepwater, oil
    • Effective royalty rate - shelf , gas
    • Effective royalty rate - deepwater, gas
    • Maximum government share - onshore/deepwater, oil
    • Maximum government share - shelf, oil
    • Maximum government share - onshore/shelf/deepwater, oil
    • 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
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