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SUMMARY
Australia Upstream Oil and Gas Fiscal Regime Profile:Covers Petroleum
Regulations and Taxation for Explorations and Production Assets
• Global Market Direct's Australia Oil and Gas Fiscal Regime Profile is an
essential source for fiscal information relating to oil and gas assets in
Australia. The report covers the petroleum fiscal environment, license terms
and key fiscal terms for assets. It provides detailed descriptions of various
elements of the geography's fiscal regime. It also gives an understanding of
its petroleum regulations and the framework of opportunities available to the
players in the industry.
Report Coverage
• Information on the geography's fiscal environment, license policies and
fiscal terms specific to the upstream oil and gas assets.
• Analysis of
fiscal environment in terms of the governing law, licensing authority,
contract type and state participation.
• The licensing terms for both
exploration blocks and oil and gas fields.
• A sample calculation
detailing how fiscal terms apply to a typical asset in the regime.
•
Detailed information on key fiscal terms (such as rents, bonuses, royalty,
cost recovery, profit oil, petroleum and corporate taxes) pertaining the
geography (where applicable).
Why Buy?
• Provides the most up to date information available relating to the
geography's fiscal regime.
• Understand the geography's policies and
fiscal terms, and their impact on contractor's profits from upstream oil and
gas assets.
• Evaluate the attractiveness of the geography for oil and gas
investment in the light of government policies and the fiscal environment.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 4
2 Introduction 5
2.1 Global Markets Direct
Report Coverage 5
2.2 What Is This Report About? 5
2.3 How To Use This
Report 5
3 Australia Petroleum Fiscal Environment 6
3.1 Governing Law
6
3.2 Licensing Authority 6
3.3 National Oil Company 6
3.4
Contract Type 6
3.5 State Participation 7
4 License terms 8
4.1
Exploration 8
4.1.1 Type of Right 8
4.1.2 Area 8
4.1.3 Duration
8
4.1.4 Relinquishment 8
4.1.5 Exploration obligation 9
4.2
Production 9
4.2.1 Type of right 9
4.2.2 Area 10
4.2.3 Duration
10
5 Key Fiscal Terms 11
5.1 Royalty 11
5.2 Fees 11
5.3
Petroleum Resource Rent Tax 12
5.4 Crude Oil Excise 13
5.5 Taxation
14
5.6 Deductions and Depreciation 14
5.7 Withholding Tax 14
5.8
Ring Fence 14
6 sample cashflows calculations 15
7 APPENDIX 16
7.1
Methodology 16
7.2 Definitions 16
7.2.1 Units of Measure 16
7.2.2
Definition 16
7.3 Contact Us 17
7.4 About Global Markets Direct 17
7.5 Disclaimer 17
1.1 List of Tables
Table 1: Australia,
Relinquishment Requirement For Onshore Projects, 2007 8
Table 2:
Australia, Exploration Obligation For Onshore Projects, 2007 9
Table 3:
Australia, Area Offered For Onshore Projects, 2007 10
Table 4: Australia,
Crude Oil and Natural Gas, Onshore Royalty Rate, 2007 11
Table 5:
Australia, Offshore Applicable Fees, 2007 11
Table 6: Australia, Onshore
Applicable Fees, 2007 12
1.2 List of Figures
Figure 1:
Australia, Upstream Oil & Gas Fiscal Regime (Royalty/Tax), Sample Cashflows,
2005-2016 15
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