Insight

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

This report is currently unavailable

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

14 May 2015

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

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.

Table of contents

    • Some fiscal terms have been changed in response to lower prices..
    • ..while others have been changing automatically
    • Most governments are considering their options
      • Ecuador's service fee conundrum
    • Conclusions
    • References
      • Appendix 1 - Changes to terms that impact existing assets since mid 2014
        • Argentina
        • China
        • Kazakhstan
        • Russia
        • United Kingdom
        • United States
      • Appendix 2 - Other fiscal changes that impact future licences (2014/15)
        • Australia
        • Colombia
        • Congo (Br.)
        • Croatia
        • Gabon
        • Gambia
        • Greenland
        • Guinea
        • Ireland
        • Kenya
        • Liberia
        • Madagascar
        • Malaysia
        • Mexico
        • Mozambique
        • Myanmar
        • Tanzania
        • Thailand
        • Trinidad & Tobago
        • Uganda
      • Appendix 3 Open and planned licensing rounds
        • Open rounds
        • Planned rounds

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))

What's included

This report contains:

  • Document

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

    PDF 645.75 KB

Other reports you may be interested in

Browse reports by Industry Sector