Country Report

Thailand upstream fiscal summary



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Report summary

Concession-based fiscal system which has had three main variations over time, with the most recent terms known as the ‘Thai III' regime. Thai III terms include royalty, additional profits tax (called the Special Remuneratory Benefit (SRB)) and corporate income tax.  Royalty rates are incremental and based upon production rates, with discounting of rates for deepwater licences.  SRB rates are uniquely based upon annual revenue and the cumulative metres of wells drilled on the concession...

What's included

This report contains

  • Document

    Thailand upstream fiscal summary

    PDF 272.89 KB

Table of contents

Tables and charts

This report includes 23 images and tables including:


  • Timeline details
  • Effective royalty rate - onshore/shelf, Oil and gas
  • Effective royalty rate - deepwater, Oil and gas
  • Maximum government share - onshore/shelf, Oil and gas
  • Maximum government share - deepwater, Oil and gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • Royalty rates
  • Assumed terms by location - oil and gas
  • Current licence, equity and fiscal terms: Table 4


  • Revenue flowchart: Thailand Concession
  • Timeline
  • Split of Barrel - oil
  • Split of barrel - gas
  • Share of profit - oil
  • Share of profit - gas
  • Royalty Rate Oil
  • Royalty Rate 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
  • Effective Special Remuneratory Benefit Rate

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