Insight
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6 Pages

Fiscal changes trim value expectations in Kurdistan


Fiscal changes trim value expectations in Kurdistan

Report summary

Since 2007, the Kurdistan Regional Government has acted to secure a higher share of revenue from its future oil and gas production, by imposing additional fiscal demands on companies. In order to limit erosion of project value companies will need a clear strategy when entering contract negotiations.

What's included?

This report includes 1 file(s)

  • Fiscal changes trim value expectations in Kurdistan PDF - 459.40 KB 6 Pages, 0 Tables, 4 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

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  • Executive Summary
  • The growth of Kurdistan as a producing region
  • Seeking a ‘fair share’ of revenues
  • Erosion of project value for companies
  • Capacity building payments are here to stay
  • Tricky choices for participants
  • The risk of further value erosion
  • Appendices
    • Cash Flow
    • Discount Rate & Date
    • Inflation

In this report there are 4 tables or charts, including:

  • Executive Summary
  • The growth of Kurdistan as a producing region
  • Seeking a ‘fair share’ of revenues
    • Capacity building payments* for PSC participants
    • Government share and capacity building payments of total revenues for selected projects
  • Erosion of project value for companies
    • Effect of a range of capacity building payments on remaining value, for a typical model field
    • Effect of capacity building payment on remaining project value (by company and field)
  • Capacity building payments are here to stay
  • Tricky choices for participants
  • The risk of further value erosion
  • Appendices
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