Royalty 10% of production to both Thailand and Malaysia
Cost Recovery Ceiling 50% of production
Profit Split 50 /50 between MTJA and contractors
Research Levy 0.5% of contractors cost recovery and profit
Export Duty 10% of profit oil sold outside Malaysia and Thailand
Petroleum Income Tax
First 8 years of production
10% of taxable income for the next 7 years
20% in subsequent years
Contract Period
35-40 years split
5 years for exploration
5 years for development
5 year for holding
25 years for production