410
A. R. Tom
Table 13.2 Fiscal terms under review
EA1 PSA 2004
EA3A PSA 2004
EA1A PSA 2012
Theoretical terms
(R-factor)
1 State
participation
15%
15%
15%
15%
2 Cost
recovery
60%
60%
60%
60%
3 Royalty
k bopd
Contractor k bopd
Contractor k bopd
Contractor k bopd
Contractor
<2.5
5.00%
<2.5
5.00%
<2.5
5.00%
<2.5
5.00%
2.5–5.0
7.50%
2.5–5.0
7.50%
2.5–5.0
7.50%
2.5–5.0
7.50%
5.0–7.5
10.00%
5.0–7.5
10.00%
5.0–7.5
10.00%
5.0–7.5
10.00%
>7.5
12.50%
>7.5
12.50%
>7.5
12.50%
7.5
12.50%
3 Additional
royalty
(Cummulative
production)
N/A
N/A
mmbbl
Contractor N/A
<50
2.50%
50–100
5.00%
100–150 7.50%
150–250 10.00%
250–350 12.50%
>350
15.000%
6 Profit oil
split
k bopd
Contractor k bopd
Contractor
k bopd
Contractor R-factor
Contractor
<5
55.00%
<5
54.00%
<5
55.00%
R-factor <1 50
5.0–10.0 52.50%
5.0–10.0 51.50%
5.0–10.0 52.50%
1 Interpolation
between
50–75