Back to the future: fiscal responses to lower oil prices (Part 2)

Table of contents

• Executive summary
• Are the fiscal terms making projects uneconomic?
  • Figure 1 Minimum Government Share of project revenue
• Is the tax rate too high?
  • Figure 2 Maximum Government Share of project revenue
  • Figure 3 Progressive terms and fluctuating prices: Angola PSC example
• Are there legal constraints on fiscal changes?
  • Figure 4 Global distribution of fiscal systems
• Is there a history of fiscal changes?
  • Figure 5 Fiscal instability in top 15 IOC jurisdictions
• Is the government dependent on oil taxation?
  • Figure 6 Dependence on oil taxation: Alaska, Alberta, Russia and UK
• What is the trend in oil production?
  • Figure 7 Oil production trend
• Conclusions
  • Footnotes and references

Tables and charts

This report includes 8 images and tables including:

• Table 1 Likelihood of future changes to fiscal terms in top 15 IOC countries

What's included

This report contains:

• Back to the future: fiscal responses to lower oil prices (Part 2)

  PDF 1.28 MB