Table of Contents
TABLE OF CONTENTS
1 Table of Contents 2
1.1 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-East
Timor (JPDA)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 6
4 License terms 7
4.1 Area 7
4.2
Duration 7
4.3 Relinquishment 7
4.4 Exploration obligation 7
5 Key
Fiscal Terms 8
5.1 Royalty 8
5.2 Cost Recovery 8
5.3 Profit
Sharing 8
5.4 Supplemental Petroleum Tax 8
5.5 Taxation 9
5.6
Deductions and Depreciation 9
5.7 Withholding Tax 9
5.8 Domestic
Market Obligation 9
6 Sample cashflows calculations 10
7 APPENDIX
11
7.1 Methodology 11
7.2 Definitions 11
7.2.1 Units of Measure
11
7.2.2 Definition 11
7.3 Contact Us 12
7.4 About Global Markets
Direct 12
7.5 Disclaimer 12
1.1 List of Figures
Figure
1: Australia-Timor Leste (JPDA), Upstream Oil & Gas Fiscal Regime (PSA),
Sample Cashflows, 2005-2016 10
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