Country Report
Indonesia upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Effective 2017, all new upstream licences are awarded under new Gross Split PSC terms. The mechanism involves revenue sharing between the contractor and the government, based on a number of parameters. The parameters include base split, incremental variable split (10 parameters), plus progressive split (linked to oil/gas price and cumulative production). Land and building tax is levied at 0.5% rate; corporate income tax and withholding tax are levied at 37.6% combined rate. A contractor may be obliged to offer a 10% participating contract interest to a regional government owned company, following development approval of the first field in the contract area. From July 2020, Cost Recovery PSC is re-introduced as an option for new licences, but no details are available.
Table of contents
- Basis
- Licence terms
- Government equity participation
-
Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Land and building tax (LBT)
- Base
- Royalty - First Tranche Petroleum (FTP) (Standard PSC only)
- Base
- PSC cost recovery - Standard only
- Base
- Rate (cost recovery ceiling)
- Recoverable costs
- Unrecovered costs
- PSC profit sharing – Gross Split
- Base
- Rate
- Payment schedule
- Base
- Rate
- Corporate income tax
- Base
- Rate
- Payment schedule
- Fiscal treatment of decommissioning
- Product pricing
- Summary of modelled terms
- Recent history of fiscal changes
- Stability provisions
-
Split of the barrel and share of profit
- Gross Split PSC
- Standard PSC
-
Effective royalty rate and maximum government share
- Gross Split PSC
- Standard PSC
- Gross Split PSC
- Standard PSC
-
Progressivity
- Gross Split PSC
- Standard PSC
-
Fiscal deterrence
- Gross Split PSC
- Standard PSC
Tables and charts
This report includes 53 images and tables including:
- Timeline
- Timeline details
- Bonuses, rentals and fees
- Indirect taxes
- Royalty (government share of FTP) - Oil
- Royalty (government share of FTP) - Gas
- Contractor revenue share - assumed terms
- Contractor oil revenue share at different oil prices
- Contractor gas revenue share at different gas prices
- Contract profit share - available terms for oil and gas
- Contractor profit share - assumed terms for oil
- Contractor profit share - assumed terms for gas
- Depreciation schedule
- Assumed Gross Split PSC terms by location - oil and gas
- Assumed Standard PSC terms by location - oil and gas
- Split of barrel - oil
- Split of mcf - gas
- Share of profit - oil
- Share of profit - gas
- Split of barrel - oil
- Split of mcf - gas
- Share of profit - oil
- Share of profit - gas
- Effective royalty rate and minimum state share - onshore, oil
- Effective royalty rate and minimum state share - onshore, gas
- Effective royalty rate and minimum state share - shelf, oil
- Effective royalty rate and minimum state share - shelf, gas
- Effective royalty rate and minimum state share - deepwater, oil
- Effective royalty rate and minimum state share - deepwater, gas
- Effective royalty rate and minimum state share - onshore, oil
- Effective royalty rate and minimum state share - onshore, gas
- Effective royalty rate and minimum state share - shelf, oil
- Effective royalty rate and minimum state share - shelf and deepwater, gas
- Effective royalty rate and minimum state share - deepwater, oil
- Maximum government share and maximum state share - onshore, oil
- Maximum government shareand maximum state share- onshore, gas
- Maximum government share and maximum state share - shelf, oil
- Maximum government shareand maximum state share- shelf, gas
- Maximum government shareand maximum state share- deepwater, oil
- Maximum government shareand maximum state share- deepwater, gas
- Maximum government share and maximum state share - onshore, oil
- Maximum government share and maximum state share - onshore, gas
- Maximum government share and maximum state share - shelf, oil
- Maximum government share and maximum state share - shelf and deepwater, gas
- Maximum government share and maximum state share - deepwater, oil
- State share versus Pre-Share IRR - oil
- State share versus Pre-Share IRR - 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
- Investor IRR versus Pre-Share IRR - oil
- Investor IRR versus Pre-Share IRR - gas
What's included
This report contains:
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