Back to the future: fiscal responses to lower oil prices (Part 1)



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Report summary

In Part 1 of this analysis we summarise fiscal developments since the beginning of 2014 highlighting changes made for producing assets since the price started to fall. We also look at fiscal terms that automatically respond to price movements where terms are being reviewed and consider the impact of lower prices on current licensing activity.

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  • Document

    Back to the future: fiscal responses to lower oil prices (Part 1)

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Table of contents

Tables and charts

This report includes 5 images and tables including:


  • Figure 1 - Changes in fiscal terms 2014 - 2015
  • Figure 3 - Fiscal terms linked to prevailing oil prices
  • Figure 4 - Fiscal terms under review (April 2015)
  • Figure 5 - Open and planned licensing rounds
  • Figure 6 - Share of revenue under Ecuador's service contract terms (based on average contract fee (US$32/bbl))

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