Country Report

Sri Lanka upstream fiscal summary

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Frontier exploration province, with a Model Production Sharing Contract (PSC) introduced in 2013. PSC terms are relatively straight-forward: royalty and profit sharing are charged based on daily production, which is biddable; cost recovery ceilings is fixed; corporate income tax is fixed and 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...

Table of contents

  • Basis
  • Licence terms
  • Government equity participation
    • Bonuses, rentals and fees
    • Indirect taxes
    • Royalty
    • Ring fencing
    • Base
    • Deductions
    • Rate
    • Payment schedule
    • 22 more item(s)...
  • 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 the following images and tables:

  • Timeline
  • Timeline details
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • Effective royalty rate - onshore / shelf, Oil/gas
  • Effective royalty rate - deepwater, Oil/gas
  • Maximum government share - onshore / shelf, oil/gas
  • Maximum government share - deepwater, oil/gas
  • State share versus Pre-Share IRR - oil
  • State share versus Pre-Share IRR - gas
  • 12 more item(s)...

What's included

This report contains:

  • Document

    Sri Lanka upstream fiscal summary

    PDF 1.08 MB