Country report

Sri Lanka upstream fiscal summary

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Report summary

Frontier exploration province with a Model Production Sharing Contract (PSC) introduced in 2008. PSC terms are relatively straight forward: royalty and cost recovery ceilings are fixed; profit oil sharing is based upon project profitability; corporate income tax is payable by the contractor. A signature bonus and a production bonus upon first production are also payable. The barrel = lifetime revenue / field reserves. Profit = revenue costs from barrel charts. For further...

What's included

This report contains

  • Document

    Sri Lanka upstream fiscal summary

    PDF 346.23 KB

Table of contents

  • Executive summary
  • Current licence, equity and fiscal terms
  • Fiscal stability
  • Economic analysis

Tables and charts

This report includes 25 images and tables including:

Images

  • Revenue flowchart: Sri Lanka PSC
  • 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
  • Contractor profit share - Oil
  • Contractor profit share - Gas

Tables

  • Timeline details
  • Effective royalty rate - onshore, Oil/gas
  • Effective royalty rate - shelf, Oil/gas
  • Effective royalty rate - deepwater, Oil/gas
  • Maximum government share - onshore, oil/gas
  • Maximum government share - shelf, oil/gas
  • Maximum government share - deepwater, oil/gas
  • Bonuses, Rentals and Fees
  • Production bonus
  • Royalty rates
  • Profit sharing
  • Assumed terms by location - oil
  • Assumed terms by location - Gas

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