Country Report
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...
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- PSC cost recovery
- PSC profit sharing
- Domestic supply obligation (DSO)
- Research contribution
- Corporate income tax
- Product pricing
- Summary of modelled terms
- Recent history of fiscal changes
- Stability provisions
- Split of the barrel and share of profit
- Effective royalty rate and maximum government share
- Progressivity
- Fiscal deterrence
Tables and charts
This report includes 26 images and tables including:
- Timeline
- Timeline details
- 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
- 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
- Profit sharing - Oil
- Profit sharing - Gas
- Contractor Profit Share Oil - Shelf
- Contractor Profit Share Gas - Shelf
- Assumed terms by location - oil and gas
What's included
This report contains:
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