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Pakistan upstream fiscal summary

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Report summary

Upstream licences are awarded through licensing rounds under concession terms for onshore and production sharing contract terms (PSCs) for offshore projects. There is no direct state participation in offshore projects; state participation for onshore projects is not mandatory, varying between 15% to 25% for local partner. Major components of both concession and PSC terms include royalty, corporate income tax,windfall levy, workers participation fund (WPF) and workers welfare fund (WWF) contributions. Under PSC terms, cost recovery ceiling is set to 85% of gross revenue. Profit-sharing is linked to cumulative production levels. All parameters are fixed and not biddable.

What's included

This report contains

  • Document

    Pakistan upstream fiscal summary

    PDF 811.57 KB

Table of contents

Tables and charts

This report includes 45 images and tables including:

Images

  • Revenue flow chart: Pakistan PSC and Concession
  • Exploration zones map
  • Timeline
  • Contractor profit share - oil
  • Contactor profit share - gas
  • Gas prices for sales to the government (based on the oil price) - by zone
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • Economic analysis: Image 5
  • Economic analysis: Image 6
  • Share of profit - oil
  • Economic analysis: Image 8
  • State share versus Pre-Share IRR - oil
  • State share versus Pre-Share IRR - 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
  • Investor IRR versus Pre-Share IRR - oil
  • Investor IRR versus Pre-Share IRR - gas
  • Effective windfall levy rate (oil)
  • Effective windfall levy rate (gas)

Tables

  • Timeline detail
  • Effective royalty rate - onshore, oil
  • Effective royalty rate - onshore, gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • Royalty rates
  • Contractor profit share by location - oil and gas
  • Sliding-scale discount to oil price
  • Zonal discount and applicable gas price
  • Assumed terms by location - concession
  • Assumed terms by location - PSC
  • Economic analysis: Table 3
  • Economic analysis: Table 4
  • Effective royalty rate - deepwater, oil
  • Economic analysis: Table 6
  • Maximum government share - onshore, oil
  • Economic analysis: Table 8
  • Economic analysis: Table 9
  • Economic analysis: Table 10
  • Economic analysis: Table 11
  • Economic analysis: Table 12

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