Bangladesh Upstream Fiscal and Regulatory Report - Potential Onshore Licensing Round with New Model PSA


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Bangladesh Upstream Fiscal and Regulatory Report - Potential Onshore Licensing Round with New Model PSA

Summary

Bangladesh Upstream Fiscal and Regulatory Report - Potential Onshore Licensing Round with New Model PSA, presents the essential information relating to the terms which govern investment into Bangladeshs upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the states take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Bangladeshs upstream oil and gas investment climate.

Scope

- Overview of current fiscal terms governing upstream oil and gas operations in Bangladesh
- Assessment of the current fiscal regimes state take and attractiveness to investors
- Charts illustrating the regime structure, and legal and institutional frameworks
- Detail on legal framework and governing bodies administering the industry
- Levels of upfront payments and taxation applicable to oil and gas production
- Information on application of fiscal and regulatory terms to specific licenses
- Outlook on future of fiscal and regulatory terms in Bangladesh

Reasons to buy

- Understand the complex regulations and contractual requirements applicable to Bangladeshs upstream oil and gas sector
- Evaluate factors determining profit levels in the industry
- Identify potential regulatory issues facing investors in the countrys upstream sector
- Utilize considered insight on future trends to inform decision-making
1 Table of Contents
1 Table of Contents 1
1.1 List of Tables 3
1.2 List of Figures 3
2 Regime Overview 4
3 State Take Assessment 6
4 Key Fiscal Terms 8
4.1 Royalties, Bonuses and Fees 8
4.1.1 Contract Service Fees 8
4.1.2 Discovery Bonus 8
4.1.3 Production Bonuses 8
4.1.4 Training Expenditure 9
4.1.5 Research and Development Fees 9
4.2 Cost Recovery 9
4.2.1 Limit on Recovery 9
4.2.2 Recoverable Costs 10
4.3 Profit-Sharing 10
4.4 Direct Taxation 12
4.4.1 Petroleum Income Tax 12
4.4.2 Deductions and Depreciation 12
4.4.3 Tax Exemptions 13
4.5 Pipeline Transmission Fund 13
4.6 Abandonment Fund 13
5 Regulation and Licensing 14
5.1 Legal Framework 14
5.1.1 Governing Law 14
5.1.2 Contract Type 14
5.1.3 Title to Hydrocarbons 14
5.2 Institutional Framework 15
5.2.1 Licensing Authority 15
5.2.2 Regulatory Agency 15
5.2.3 National Oil Company 15
5.3 Licensing Process 16
5.3.1 Licensing Rounds 16
5.3.2 Prequalification 16
5.3.3 Bidding 16
5.4 License Terms 16
5.4.1 Duration and Relinquishment 16
5.4.2 Obligations 17
5.5 Supply and Export Restrictions 17
5.6 State Participation 18
6 Outlook 19
7 Contact Information 21

1.1 List of Tables
Table 1: Summary 4
Table 2: Bangladesh, Crude Oil Production Bonuses (US$) 8
Table 3: Bangladesh, Natural Gas Production Bonuses (US$) 9
Table 4: Bangladesh, Production Sharing 10
Table 5: Bangladesh, Production Sharing (%), SS-11, 2012 License Round 11
Table 6: Bangladesh, Production Sharing (%), Block 9, 2001 License Round 11
Table 7: Bangladesh, Historic Tax Rates (%), 2007-2016 12
Table 8: Bangladesh, Depreciation for Income Tax (%) 13

1.2 List of Figures
Figure 1: Regime Flow Chart 5
Figure 2: Bangladesh, Indicative NPV10/boe, IRR and State Take Comparison - Internal, 2016 6
Figure 3: Bangladesh, Indicative NPV10/boe, IRR and State Take Comparison - Regional, 2016 7
Figure 4: Bangladesh, Legal Framework 14
Figure 5: Bangladesh, Institutional Framework 15