Tag Archives: revenue sharing formula

Under the new fiscal regime as contained in the amendment to section 5 of the Principal Act, the House approved that: “royalties of 10% in Deep offshore greater than 200 water depth and 7.5% in frontier/Inland basin”.

Under the new fiscal regime as contained in the amendment to section 5 of the Principal Act, the House approved that: “royalties of 10% in Deep offshore greater than 200 water depth and 7.5% in frontier/Inland basin”.