The Netherlands is a mature oil and gas producer. All new licences operate under the 2003 Mining Act. The country pursues an 'Open Door' licensing policy with no dedicated licensing rounds. Fiscal terms are fixed. The current regime includes an onshore royalty (0-7% for licences with state equity, 0-14% otherwise), a 25% corporate income tax (CIT) and a 50% state profit share (SPS, an additional petroleum tax). The state also typically holds a 40% direct interest via Energie Beheer Nederland (EBN).