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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.

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    Fiscal changes trim value expectations in Kurdistan

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Tables and charts

This report includes 4 images and tables including:

Images

  • 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)

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