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QUIZ PSC #1 Basic Flow of Revenue, Split & Tax: Cost Recovery
QUIZ PSC #1 Basic Flow of Revenue, Split & Tax: Cost Recovery
Cost
Recovery
100 %
C.R
Equity Share
Contr Equity Share :
Equity share Subject to Indonesian
TAX income tax
QUIZ#1 FTP
Biaya yang dikeluarkan kontraktor tahun 2015 MUSD 100000
Lifting minyak tahun 2015 MBBL 1000
Harga rata-rata minyak tahun 2015 USD/BBL 60
Contractor Split After Tax % 15%
Pajak % 56%
FTP
Contractor Take MUSD ?
Indonesia Take MUSD ?
syamsul irham 1
First Tranche Petroleum
Basic Principle : SHARING RODUCTION
R = Revenue
If : CR R, then, ETS =0 ,
CR = Cost Recovery and then GT = 0
syamsul irham 2
First Tranche Petroleum
FLOW OF REVENUE : PSC - FTP
Sharing split Sharing split
F.T.P
100 %
I.C
FTP = First Tranche
100 %
Petroleum C.R
Sharing split Sharing split
IC = Investment Credit
E.T.S
CR = Cost Recovery F.T.P
I.C
ETS = Equity Tobe Split F.T.P
C.R
DMO = Domestic Market Equity Share
Equity share
Obligation DMO DMO
TAX
1. Tax Structure
2. Sharing Split
3. First Tranche Petroleum (FTP)
4. Investment Credit
5. Cost Recovery
6. Domestic Market Obligation (DMO)
syamsul irham 4
First Tranche Petroleum
3. First Tranche Petroleum (FTP)
Note : for the PSC signed in 2002&2003, the whole FTP goes to BPMIGAS (Govt)
syamsul irham 5
First Tranche Petroleum
3. First Tranche Petroleum (FTP)
QUIZ#2 FTP
Cost tobe Recovered tahun 2015 MUSD 100000
Lifting minyak tahun 2015 MBBL 1000
Harga rata-rata minyak tahun 2015 USD/BBL 60
Contractor Split After Tax % 15%
Pajak % 56%
FTP % 20%
Berapa :
Contractor Take MUSD ?
Indonesia Take MUSD ?
syamsul irham 9
First Tranche Petroleum