diff --git a/ethereum/core/src/main/java/org/hyperledger/besu/ethereum/transaction/TransactionSimulator.java b/ethereum/core/src/main/java/org/hyperledger/besu/ethereum/transaction/TransactionSimulator.java
index 88f2daa8cd..e0041017b8 100644
--- a/ethereum/core/src/main/java/org/hyperledger/besu/ethereum/transaction/TransactionSimulator.java
+++ b/ethereum/core/src/main/java/org/hyperledger/besu/ethereum/transaction/TransactionSimulator.java
@@ -16,6 +16,7 @@ package org.hyperledger.besu.ethereum.transaction;
 
 import static org.hyperledger.besu.ethereum.goquorum.GoQuorumPrivateStateUtil.getPrivateWorldStateAtBlock;
 
+import org.hyperledger.besu.config.GoQuorumOptions;
 import org.hyperledger.besu.crypto.SECPSignature;
 import org.hyperledger.besu.crypto.SignatureAlgorithm;
 import org.hyperledger.besu.crypto.SignatureAlgorithmFactory;
@@ -71,6 +72,11 @@ public class TransactionSimulator {
   private static final Address DEFAULT_FROM =
       Address.fromHexString("0x0000000000000000000000000000000000000000");
 
+  // Hex-encoded 64 byte array of "17" values
+  private static final Bytes MAX_PRIVATE_INTRINSIC_DATA_HEX =
+      Bytes.fromHexString(
+          "11111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111");
+
   private final Blockchain blockchain;
   private final WorldStateArchive worldStateArchive;
   private final ProtocolSchedule protocolSchedule;
@@ -157,12 +163,25 @@ public class TransactionSimulator {
         callParams.getGasLimit() >= 0 ? callParams.getGasLimit() : header.getGasLimit();
     final Wei gasPrice = callParams.getGasPrice() != null ? callParams.getGasPrice() : Wei.ZERO;
     final Wei value = callParams.getValue() != null ? callParams.getValue() : Wei.ZERO;
-    final Bytes payload = callParams.getPayload() != null ? callParams.getPayload() : Bytes.EMPTY;
+
+    // If GoQuorum privacy enabled, and value = zero, do simulation with max non-zero bytes.
+    // It is possible to have a data field that has a lower intrinsic value than the PTM hash
+    // so this checks the tx as if we were to place a PTM hash (with all non-zero values).
+    // This means a potential over-estimate of gas, rather than the exact cost to run right now.
+    final Bytes payload =
+        GoQuorumOptions.goQuorumCompatibilityMode && value.isZero()
+            ? MAX_PRIVATE_INTRINSIC_DATA_HEX
+            : (callParams.getPayload() != null ? callParams.getPayload() : Bytes.EMPTY);
 
     if (transactionValidationParams.isAllowExceedingBalance()) {
       updater.getOrCreate(senderAddress).getMutable().setBalance(Wei.of(UInt256.MAX_VALUE));
     }
 
+    final ProtocolSpec protocolSpec = protocolSchedule.getByBlockNumber(header.getNumber());
+
+    final MainnetTransactionProcessor transactionProcessor =
+        protocolSchedule.getByBlockNumber(header.getNumber()).getTransactionProcessor();
+
     final Transaction.Builder transactionBuilder =
         Transaction.builder()
             .type(TransactionType.FRONTIER)
@@ -179,10 +198,6 @@ public class TransactionSimulator {
 
     final Transaction transaction = transactionBuilder.build();
 
-    final ProtocolSpec protocolSpec = protocolSchedule.getByBlockNumber(header.getNumber());
-
-    final MainnetTransactionProcessor transactionProcessor =
-        protocolSchedule.getByBlockNumber(header.getNumber()).getTransactionProcessor();
     final TransactionProcessingResult result =
         transactionProcessor.processTransaction(
             blockchain,
diff --git a/ethereum/core/src/test/java/org/hyperledger/besu/ethereum/transaction/TransactionSimulatorTest.java b/ethereum/core/src/test/java/org/hyperledger/besu/ethereum/transaction/TransactionSimulatorTest.java
index 700d279678..7210e3bf4d 100644
--- a/ethereum/core/src/test/java/org/hyperledger/besu/ethereum/transaction/TransactionSimulatorTest.java
+++ b/ethereum/core/src/test/java/org/hyperledger/besu/ethereum/transaction/TransactionSimulatorTest.java
@@ -23,6 +23,7 @@ import static org.mockito.Mockito.verify;
 import static org.mockito.Mockito.verifyNoInteractions;
 import static org.mockito.Mockito.when;
 
+import org.hyperledger.besu.config.GoQuorumOptions;
 import org.hyperledger.besu.crypto.SECPSignature;
 import org.hyperledger.besu.crypto.SignatureAlgorithm;
 import org.hyperledger.besu.crypto.SignatureAlgorithmFactory;
@@ -53,6 +54,7 @@ import com.google.common.base.Supplier;
 import com.google.common.base.Suppliers;
 import org.apache.tuweni.bytes.Bytes;
 import org.apache.tuweni.units.bigints.UInt256;
+import org.junit.After;
 import org.junit.Before;
 import org.junit.Test;
 import org.junit.runner.RunWith;
@@ -75,6 +77,11 @@ public class TransactionSimulatorTest {
   private static final Hash DEFAULT_BLOCK_HEADER_HASH =
       Hash.fromHexString("0x0000000000000000000000000000000000000000000000000000000000000001");
 
+  // Hex-encoded 64 byte array of "17" values
+  private static final Bytes MAX_PRIVATE_INTRINSIC_DATA_HEX =
+      Bytes.fromHexString(
+          "11111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111");
+
   private TransactionSimulator transactionSimulator;
 
   @Mock private Blockchain blockchain;
@@ -91,6 +98,12 @@ public class TransactionSimulatorTest {
         new TransactionSimulator(blockchain, worldStateArchive, protocolSchedule);
   }
 
+  @After
+  public void tearDown() {
+    GoQuorumOptions.goQuorumCompatibilityMode =
+        GoQuorumOptions.GOQUORUM_COMPATIBILITY_MODE_DEFAULT_VALUE;
+  }
+
   @Test
   public void shouldReturnEmptyWhenBlockDoesNotExist() {
     when(blockchain.getBlockHeader(eq(1L))).thenReturn(Optional.empty());
@@ -128,6 +141,35 @@ public class TransactionSimulatorTest {
     verifyTransactionWasProcessed(expectedTransaction);
   }
 
+  @Test
+  public void shouldReturnSuccessfulResultWhenProcessingPotentiallyPrivateTxIsSuccessful() {
+    final CallParameter callParameter = legacyTransactionCallParameter();
+
+    GoQuorumOptions.goQuorumCompatibilityMode = true;
+
+    mockBlockchainForBlockHeader(Hash.ZERO, 1L);
+    mockWorldStateForAccount(Hash.ZERO, callParameter.getFrom(), 1L);
+
+    final Transaction expectedTransaction =
+        Transaction.builder()
+            .nonce(1L)
+            .gasPrice(callParameter.getGasPrice())
+            .gasLimit(callParameter.getGasLimit())
+            .to(callParameter.getTo())
+            .sender(callParameter.getFrom())
+            .value(callParameter.getValue())
+            .payload(MAX_PRIVATE_INTRINSIC_DATA_HEX)
+            .signature(FAKE_SIGNATURE)
+            .build();
+    mockProcessorStatusForTransaction(1L, expectedTransaction, Status.SUCCESSFUL);
+
+    final Optional<TransactionSimulatorResult> result =
+        transactionSimulator.process(callParameter, 1L);
+
+    assertThat(result.get().isSuccessful()).isTrue();
+    verifyTransactionWasProcessed(expectedTransaction);
+  }
+
   @Test
   public void shouldIncreaseBalanceAccountWhenExceedingBalanceAllowed() {
     final CallParameter callParameter = legacyTransactionCallParameter();