Myanmar Business : Myanmar Upstream Oil and Gas Fiscal Regime Profiles

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Myanmar. It also details the market structure, regulatory environment, infrastructure and supply/demand balance for each of the key sub-segments.

Scope of the Report

• Provides all the crucial data on the geography’s fiscal environment, license policies and fiscal terms specific to the upstream oil and gas assets.
• The fiscal environment is analyzed in terms of the governing law, licensing authority, contract type and state participation.
• The licensing terms are provided for both exploratory and productive assets.
• A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
• Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided (where applicable).

TABLE OF CONTENTS

CHAPTER 1 TABLE OF CONTENTS 2
1.1 List of Tables 4
1.2 List of Figures 5

CHAPTER 2 INTRODUCTION 6
2.1 What Is This Report About? 6
2.2 How To Use This Report 6

CHAPTER 3 MYANMAR PETROLEUM FISCAL ENVIRONMENT 7
3.1 Governing Law 7
3.2 Licensing Authority 7
3.3 National Oil Company 7
3.4 Contract Type 7
3.5 State Participation 7

CHAPTER 4 LICENSE TERMS 8
4.1 Exploration 8
4.2 Production 8

CHAPTER 5 KEY FISCAL TERMS 9
5.1 Royalty 9
5.2 Bonuses 9
5.3 Fees 10
5.4 Cost Recovery 11
5.5 Profit Sharing 11
5.6 Taxation 13
5.7 Deductions and Depreciation 13
5.8 Withholding Tax 13
5.9 Ring Fence 13
5.10 Domestic Market Obligation 13

CHAPTER 6 SAMPLE CASHFLOWS CALCULATIONS 14

CHAPTER 7 APPENDIX 15
7.1 Methodology 15
7.2 Definitions 15
7.3 Contact Us 16
7.4 Disclaimer 16

List of Tables :

Table 1: Myanmar, Crude Oil and Natural Gas, Production bonus, Under PSC, 2007 9
Table 2: Myanmar, Crude Oil and Natural Gas, Production bonus, Under IPR contracts, 2007 10
Table 3: Myanmar, Crude Oil and Natural Gas, Training fee, Under PSC, 2007 10
Table 4: Myanmar, Crude Oil and Natural Gas, Training fee, Under IPR contracts, 2007 10
Table 5: Myanmar, Crude Oil, Onshore Profit Oil, Under PSC, 2007 11
Table 6: Myanmar, Crude Oil, Offshore Profit Oil, Under PSC, 2007 11
Table 7: Myanmar, Natural Gas, Onshore Profit Gas, Under PSC, 2007 12
Table 8: Myanmar, Natural Gas, offshore Profit Gas, Under PSC, 2007 12
Table 9: Myanmar, Crude Oil, Profit Oil, Under IPR contracts, 2007 13

List of Figures :

Figure 1: Myanmar, Upstream Oil & Gas Fiscal Regime (PSA), Sample Cashflows, 2005-2016 14