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What could change?
Model variables
Projected long-term oil price
Windfall profits tax
(if long-term oil prices rise)
?
Apply discount rate
?
Size of oil field
(millions of barrels)
Pie chart key
Summary chart
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International oil companies
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Total government revenue
Government revenues breakdown
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Royalty 1
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Royalty 2
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Production share
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Windfall tax
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Other taxes
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National oil company
Who gets what? – How oil revenues are shared
?
Old contract
New contract
Click pie chart to reveal breakdown of government revenues
Company IRR
20.94%
Total gov't revenue
US $17,949,459,981
Districts in exploration & production areas revenue
(7% of gov't royalties)
(7% of gov't royalties)
US $1,256,462,199
Company IRR
19.99%
Total gov't revenue
US $18,271,495,044
Districts in exploration & production areas revenue
(7% of gov't royalties)
(7% of gov't royalties)
US $1,279,004,653
?
Difference in total projected revenue between old and new contracts
US $322,035,063