 Firm commitment should be back-up by bank guarantee (BG)  No Signature/production bonus, equipment and training fund (no front end costs)  10% Royalty.

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Presentation transcript:

 Firm commitment should be back-up by bank guarantee (BG)  No Signature/production bonus, equipment and training fund (no front end costs)  10% Royalty will go to Govt and States (Pemda)  Export tax - 10% of Profit Oil  Excess Profit - 70% of profit price in excess of $25/bbls  Research Cess - 0.5% of revenue  Min 15% Carigali participation (pay cash call)  Interests are not cost recoverable  Cost/revenue audited by Petronas Internal Audit only

Different PSC duration for different environment to ensure fair return on investment DEEPWATER"R/C" Total Duration Exploration3+2 Gas Holding Gas Holding Gas Holding Gas Holding - 5 Development Production PSC Duration (In Years)

Evolution of PSC terms has led to better Contractors’ take EVOLUTION OF PSC - COMPARISON OF CONTRACTORS TAKE