Insight
Global upstream fiscal systems: 4 things to look for in 2023
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Report summary
The price swings of 2022 both distracted from and highlighted the weaknesses of many global fiscal terms. With industry profitability and energy security issues now centre stage, governments are reviewing and revising their fiscal policies. The key themes within 2023 discussions will include: • State share of profit increases, but are windfall taxes the best option? • Natural gas terms get a closer look • Decarbonising upstream becomes a priority • Consolidation of production sharing contracts (PSCs) will be considered to boost investment in mature basins
Table of contents
- Executive summary
- 1. Windfall taxes – who is next?
- 2. Gas fiscal and regulatory terms get renewed interest
- 3. Decarbonisation becomes a bigger priority
- 4. PSC consolidation could incentivise new investment in mature basins
- Follow ongoing fiscal
- What to look for in 2023 – a regional upstream series
Tables and charts
This report includes 3 images and tables including:
- Recent fiscal changes and proposals
- Regressivity of gas fiscal terms
- Live fiscal discussions
What's included
This report contains:
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