Myanmar Upstream Fiscal and Regulatory Report - Plans for Next Licensing Round Uncertain

  • ID: 4456798
  • Report
  • Region: Burma, Myanmar
  • 23 pages
  • GlobalData
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Myanmar Upstream Fiscal and Regulatory Report - Plans for Next Licensing Round Uncertain

Summary

"Myanmar Upstream Fiscal and Regulatory Report - Plans for Next Licensing Round Uncertain", presents the essential information relating to the terms which govern investment into Myanmar’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 Myanmar’s upstream oil and gas investment climate.

Scope
  • Overview of current fiscal terms governing upstream oil and gas operations in Myanmar
  • 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 Myanmar
Reasons to buy
  • Understand the complex regulations and contractual requirements applicable to Myanmar’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
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1 Table of Contents

2. Regime Overview

3. State Take Assessment

4. Key Fiscal Terms
4.1. Royalties, Bonuses and Fees
4.1.1. Royalty
4.1.2. Bonuses
4.1.3. Training Fund
4.2. Cost Recovery
4.2.1. Cost Recovery Limit
4.2.2. Recoverable costs
4.3. Profit Sharing
4.3.1. PSAs
4.3.2. IPRCs
4.4. Research and Development Fund
4.5. Domestic Market Obligation
4.6. Direct Taxation
4.6.1. Corporate IncomeTax
4.6.2. Withholding Tax
4.7. Indirect Taxation
4.7.1. Commercial Tax
4.7.2. Custom Duties
4.7.3. Stamp Duties
4.8. State Participation
4.9. Stabilization

5. Regulation and Licensing
5.1. Legal Framework
5.1.1. Governing Law
5.1.2. Contract Type
5.1.3. Title to Hydrocarbons
5.2. Institutional Framework
5.2.1. Licensing Authority
5.2.2. Regulatory Agency
5.3. Bidding Rounds
5.4. License Terms
5.4.1. Duration
5.4.2. Obligations
5.4.3. Local contents

6. Outlook

7. Appendix
7.1. Contact
7.2. Disclaimer

List of Tables
Table 1: Regime Overview
Table 2: Myanmar, Onshore PSA Production Bonuses (US$ mil)
Table 3: Myanmar - Offshore Production Bonuses (US$ mil)
Table 4: Myanmar - 2012 Model IPRC Production Bonuses (US$ mil)
Table 5: Myanmar, 2012 Model PSA Cost Recovery Limit (%)
Table 6: Myanmar, State Share of Profit Oil and Gas (%), 2012 Model Onshore PSA
Table 7: Myanmar, State Share of Profit Oil and Gas (%), Pre-2012 Onshore Contracts
Table 8: Myanmar, State Share of Profit Oil (%), Offshore
Table 9: Myanmar, State Share of Profit Gas (%), Offshore
Table 10: Myanmar, State Share of Profit Oil (%), IPRCs

List of Figures
Figure 1: Regime Flow Chart (PSA)
Figure 2: Myanmar, Indicative NPV10/boe, IRR and State Take Comparison, Internal
Figure 3: Myanmar, Legal Framework
Figure 4: Myanmar, Institutional Framework
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