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Assessment of upstream petroleum fiscal regimes in Myanmar

Citation

Swe, WT and Emodi, NV, Assessment of upstream petroleum fiscal regimes in Myanmar, Journal of Risk and Financial Management, 11, (4) pp. 1-23. ISSN 1911-8066 (2018) [Refereed Article]

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DOI: doi:10.3390/jrfm11040085

Abstract

This study aims to assess Myanmar’s upstream petroleum fiscal regimes by applying comprehensive indicators to rank the level of attractiveness of Myanmar. The indicators include government take (GT), front loading index (FLI), and composite score (CS). The decision maker’s attitude for GT and FLI were considered in CS linear weighting method in ranking the fiscal terms attractiveness. The results showed that Myanmar’s upstream petroleum fiscal regime has low attraction compared to its competing countries from the investor’s point of view, both in terms of the risk to the investor in the earlier part of the project and in terms of evaluation with or without the time value of money. Also, royalty and cost recovery were identified to have an impact on the attractiveness rank of petroleum fiscal regime in Myanmar. Therefore, Myanmar should consider improving its fiscal regimes that are not neutral—particularly, royalty, tax, profit split, and cost recovery—for a favorable investment climate.

Item Details

Item Type:Refereed Article
Keywords:Myanmar, petroleum fiscal regimes, upstream oil and gas, fast and intuitive method, discounted cash flow model
Research Division:Economics
Research Group:Applied economics
Research Field:Environment and resource economics
Objective Division:Energy
Objective Group:Mining and extraction of energy resources
Objective Field:Oil and gas extraction
UTAS Author:Emodi, NV (Mr Nnaemeka Emodi)
ID Code:141882
Year Published:2018
Web of Science® Times Cited:1
Deposited By:Sociology and Criminology
Deposited On:2020-12-01
Last Modified:2021-02-12
Downloads:0

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