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This Research Presentation provides a visual overview of the key issues surrounding this topic.
Participants, suppliers and advisors can use our report to better understand the trends, risks and implications of this topic on the upstream oil and gas industry.
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The draft NPFP outlines the headline tax rates, but questions remain over the detailed application of royalty, taxes and deductions.
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Since Q4 2014, we've cut our estimate of 2016 production by 1.1 million boe/d, and reduced capex for the 2015-2018 period by US$49 billion.
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To complement our more detailed upstream summary we provide a slide-pack of the key issues.
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The low oil price continues to impact upstream projects in Asia-Pacific – since Q4 2014, we’ve axed US$77 billion capex from 2016-2020.
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