Calculating petroleum royalty

Petroleum is produced when it is released or recovered to ground level from a natural underground reservoir. Your petroleum royalty liability is based on the volume of liable petroleum produced in a return period.

The volume model is used for calculating petroleum royalty. Under this model, you need to determine:

  • the total liable volume of petroleum produced during the period
  • the classification (e.g. domestic gas, supply gas, project gas or liquid petroleum)
  • the royalty rate that applies to each class of petroleum.

This guide explains the volume model, the rates used to calculate petroleum royalty, arrangements for non-tenure holders and the transitional arrangements for petroleum produced before October 2020.

Contact

Queensland Revenue Office

  • Call 1300 300 734 (Australia) or
    +61 7 3179 2500 (overseas)
  • Send an email using our online enquiry form.