Country report

Timor-Leste/Australia JPDA upstream fiscal summary

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Report summary

A new Model Production Sharing Contract (PSC) covering the Timor Leste Australia Joint Petroleum Development Area (JPDA) was introduced in 2005 whilst the CMATS treaty of distribution of Greater Sunrise revenues between Australia and Timor Leste was signed in 2007. For new licences other than any agreement on distribution of revenues between Timor Leste and Australia the PSC terms are essentially the same as for Timor Leste alone. The royalty rate cost recovery ceiling and profit oil...

What's included

This report contains

  • Document

    Timor-Leste/Australia JPDA upstream fiscal summary

    PDF 338.45 KB

Table of contents

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

Tables and charts

This report includes 16 images and tables including:

Images

  • Revenue flow chart: Timor Leste-Australia JPDA
  • 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 details
  • Effective royalty rate and minimum state share
  • Maximum government share and maximum state share
  • Bonuses, rentals and fees
  • Indirect Taxes
  • Assumed terms by location - oil and gas

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