Country report

Papua New Guinea upstream fiscal summary

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Report summary

Licences are governed by concession terms. The State may acquire up to 22.5% upon granting a licence but is carried through the development phase and reimburses its share of carried costs with interest from its share of revenue. The rate of corporate income tax varies with the vintage of the licence and the type of petroleum (oil or gas) produced. An Additional Profits Tax (APT) is only payable by projects onstream or under development prior to 2003 or fields subject to the PNG LNG...

What's included

This report contains

  • Document

    Papua New Guinea upstream fiscal summary

    PDF 336.27 KB

Table of contents

Tables and charts

This report includes 16 images and tables including:

Images

  • Revenue flow chart: Papua New Guinea Concession
  • 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

Tables

  • Timeline detail
  • Effective royalty rate - onshore, shelf and deepwater - oil and gas
  • Maximum government share - onshore, shelf and deepwater - oil
  • Bonuses, rentals and fees
  • Indirect taxes
  • Assumed terms by location - oil and gas

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