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Vietnam upstream fiscal summary

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Report summary

Complex Production Sharing Contract (PSC)-based fiscal regime where a number of parameters are negotiable. PetroVietnam has the right to take an equity stake in each contract area; recent contract awards suggest up to 40-50% under a joint operating company structure. Royalty rates and production sharing splits are based on production rates. Cost recovery ceilings and profit oil splits are negotiable. Various bonuses, rentals and fees and an export duty on crude oil are payable. The...

What's included

This report contains

  • Document

    Vietnam upstream fiscal summary

    PDF 379.18 KB

Table of contents

Tables and charts

This report includes 32 images and tables including:


  • Revenue flowchart: Vietnam PSC
  • Timeline
  • Split of Barrel - oil
  • Split of 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
  • Royalty Rate Oil
  • Royalty Rate Gas
  • Contractor Profit Share Oil
  • Contractor Profit Share Gas


  • Timeline details
  • Effective royalty rate - onshore/shelf, Oil
  • Effective royalty rate - onshore/shelf, Gas
  • Effective royalty rate - deepwater, Oil
  • Effective royalty rate - deepwater, Gas
  • Maximum government share - onshore/shelf, Oil
  • Maximum government share - onshore/shelf, Gas
  • Maximum government share - deepwater, Oil
  • Maximum government share - deepwater, Gas
  • Bonuses, rentals and fees
  • Indirect taxes
  • Royalty rates - Oil
  • Royalty rates - Gas
  • Profit Sharing - Oil
  • Profit sharing - Gas
  • Assumed terms by location - oil
  • Assumed terms by location - Gas
  • Current licence, equity and fiscal terms: Table 7

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