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What could change?

Model variables

Projected long-term oil price

-US $20
Lower than expected
0
+US $20
Higher than expected

Windfall profits tax
(if long-term oil prices rise)

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0 50% 100%

Apply discount rate

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Size of oil field
(millions of barrels)

Pie chart key

Summary chart

  •  
    International oil companies
  •  
    Total government revenue

Government revenues breakdown

  •  
    Royalty 1
  •  
    Royalty 2
  •  
    Production share
  •  
    Windfall tax
  •  
    Other taxes
  •  
    National oil company

Who gets what? – How oil revenues are shared

?

Old contract

New contract

Government revenue:

$1,000,000,000

Due to the discount rate applied to these figures, in this scenario the government take would appear greater than 100%. As such, we have not visualised it here.

Government revenue:

$1,000,000,000

Due to the discount rate applied to these figures, in this scenario the government take would appear greater than 100%. As such, we have not visualised it here.

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)
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)
US $1,279,004,653
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Difference in total projected revenue between old and new contracts US $322,035,063