Insight
Fiscal changes trim value expectations in Kurdistan
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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.
Table of contents
- 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
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Appendices
- Cash Flow
- Discount Rate & Date
- Inflation
Tables and charts
This report includes 4 images and tables including:
- Capacity building payments* for PSC participants
- Government share and capacity building payments of total revenues for selected projects
- 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)
What's included
This report contains:
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