Recently Viewed
empty-cart

There are no Recent Items

Close
Login/Register

Close
Single User License Price USD 1500
Single User License Price INR 102930
Corporate User License Price USD 4500
Corporate User License Price INR 308790
Site License Price USD 3000
Site License Price INR 205860
Request a Quote

Report Title

Timor-Leste Upstream Fiscal and Regulatory Report - Maritime Boundary Treaty Requires Transition for JPDA Contracts

Quote Request for License Type
License Type Price  
Single User License USD 1500
Site License USD 3000
Enterprise Wide License USD 4500
"Thanks for submitting the form. Our marketing team will connect back to you for the budget constraint."
Close
REQUEST A CUSTOMIZED RESEARCH

Report Title

Timor-Leste Upstream Fiscal and Regulatory Report - Maritime Boundary Treaty Requires Transition for JPDA Contracts


Quote Request for License Type
License Type Price  
Single User License USD 1500
"Thanks for letting us know your requirement. Our research team will connect back to you for the bespoke requirement."
Close
REQUEST FOR SAMPLE REPORT

Report Title

Timor-Leste Upstream Fiscal and Regulatory Report - Maritime Boundary Treaty Requires Transition for JPDA Contracts

"Thanks for submitting the form. The concerned team will send the sample report in the next 12 hours."
"Thank you for downloading the sample report."
Close

Timor-Leste Upstream Fiscal and Regulatory Report - Maritime Boundary Treaty Requires Transition for JPDA Contracts



Executive Summary

Timor-Leste Upstream Fiscal and Regulatory Report-Maritime Boundary Treaty Requires Transition for JPDA Contracts

Summary

Timor-Leste's upstream fiscal regime has been relatively stable since the introduction of the 2005 model contract. Under PSAs, royalties are payable at a rate of 5% on gross production and after cost recovery, the remaining profit oil is shared between the licensee and the state. Licensees' income is subject to corporate income tax at a rate of 30% and Supplemental Petroleum Tax. New legislation has been introduced to govern the sector in the past two years. The March 2018 signature of a new treaty between Timor-Leste and Australia establishing maritime boundaries heralds further regulatory changes.

Timor-Leste Upstream Fiscal and Regulatory Report-Maritime Boundary Treaty Requires Transition for JPDA Contracts, presents the essential information relating to the terms which govern investment into Timor-Leste's upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state's take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Timor-Leste's upstream oil and gas investment climate.

Scope

- Overview of current fiscal terms governing upstream oil and gas operations in Timor-Leste

- Assessment of the current fiscal regime's state take and attractiveness to investors

- Charts illustrating the regime structure, and legal and institutional frameworks

- Detail on legal framework and governing bodies administering the industry

- Levels of upfront payments and taxation applicable to oil and gas production

- Information on application of fiscal and regulatory terms to specific licenses

- Outlook on future of fiscal and regulatory terms in Timor-Leste.

Reasons to buy

- Understand the complex regulations and contractual requirements applicable to Timor-Leste's upstream oil and gas sector

- Evaluate factors determining profit levels in the industry

- Identify potential regulatory issues facing investors in the country's upstream sector

- Utilize considered insight on future trends to inform decision-making.

1 Table of Contents

1 Table of Contents 1

1.1. List of Tables 2

1.2. List of Figures 2

2. Regime Overview 3

3. State Take Assessment 5

4. Key Fiscal Terms 6

4.1. Royalties, Bonuses and Fees 6

4.1.1. Fees 6

4.1.2. Royalties 6

4.2. Cost Recovery 6

4.2.1. Limit on Recovery 6

4.2.2. Recoverable Costs 7

4.2.3. Uplift 7

4.2.4. Investment Credit (Pre-2005 JPDA Contracts) 7

4.3. Profit Sharing 7

4.4. Direct Taxation 8

4.4.1. Corporate Income Tax 8

4.4.2. Deductions and Depreciation 8

4.4.3. Supplemental Petroleum Tax (Additional Profit Tax for the Bayu Undan field) 8

4.4.4. Withholding Tax 9

4.5. Indirect Taxation 9

4.5.1. Services Tax 9

4.5.2. Value Added Tax (JPDA Only) 9

4.5.3. Import Duties and Sales Tax 9

4.6. State Participation 10

4.7. Decommissioning Fund 10

5. Regulation and Licensing 11

5.1. Legal Framework 11

5.1.1. Governing Law 11

5.1.2. Contract Type 12

5.1.3. Title to Hydrocarbons 12

5.2. Institutional Framework 13

5.2.1. Licensing Authority 13

5.2.2. Regulatory Agency 14

5.2.3. National Oil Company 14

5.3. Licensing Process 14

5.3.1. Licensing Rounds 14

5.4. License Terms 14

5.4.1. Duration and Relinquishments 14

5.4.2. Work Obligations 15

5.4.3. Domestic Market Obligation 15

5.4.4. Local Content 15

6. Outlook 16

7. Appendix 17

7.1. References 17

7.2. Contact Us 19

7.3. Disclaimer 20

To know more information on Purchase by Section, please send a mail to sales@kenresearch.com

1.2 List of Figures

Figure 1: Regime Flow Chart 4

Figure 2: Timor-Leste, Indicative NPV10/boe, IRR and State Take Comparison, Regional 5

Figure 3: Timor-Leste, Legal Framework 11

Figure 4: Timor-Leste, Institutional Framework 13

1.1 List of Tables

Table 1: Regime Overview 3

Table 2: Timor Sea Joint Petroleum Development Area, Profit Sharing Framework, Pre-2005 Contracts 7

Table 3: Timor-Leste, Depreciation Rates 8

Table 4: References 17

Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Related Products in vertical
red-whiteline

RECENT VIEWED REPORTS



Sign up for newsletter

Close
Apply For Job

  • Applicant Name
  • Job Function
  • Total Experience
  • Skills
  • Email ID
  • Notice Period
  • Current CTC & Expected CTC
  • Phone Number
  • Validation
  • captcha  info-icon

    If validation code does not match, please refresh the page.

  • "Your resume has been successfully received. HR will connect you within 14 days in case your resume gets shortlisted."
Close
Download Company Brochure

  • Name
  • Email
  • Company Name
  • Select Country*
  • Phone Number
  • Validation
  •   info-icon

    If validation code does not match, please refresh the page.

Close
Engage With Us

  • Name
  • Designation
  • Email
  • Phone No.
  • Company Name
  • Company URL
  • Select Country*
  • Requirements/ Comments
  • Validation
  • captcha  info-icon

    If validation code does not match, please refresh the page.

  • "Thanks for submitting the form. The concerned team will respond to your query in the next 8-12 hours"
Close

Compare

Expand

person