Country report
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11 Pages

Netherlands upstream fiscal summary


Netherlands upstream fiscal summary

Report summary

Concession fiscal regime where the applicable taxes, and the level of State participation, vary with the location and vintage of the licence.  The state participates through Energie Beheer Nederland (EBN), normally with a 40% share (EBN participation is 50% for licences issued under 1976 Royal Decree) and including the exploration phase, through a so-called ‘cost company' structure, similar to a joint venture. Royalty has been abolished for offshore licences, and for onshore licences varies...

What's included?

This report includes 1 file(s)

  • Netherlands upstream fiscal summary PDF - 400.91 KB 11 Pages, 7 Tables, 10 Figures

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Current licence, equity and fiscal terms
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring fencing
      • Bonuses, rentals and fees
      • Royalty
      • Indirect taxes
      • Corporate income tax
      • Additional petroleum taxes
        • Production Profit Tax (PPT)
      • Product pricing
      • Summary of modelled terms
  • Fiscal stability
    • Recent history of fiscal changes
    • Stability provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence

In this report there are 17 tables or charts, including:

  • Executive summary
    • Revenue flowchart: Netherlands Concession
  • Current licence, equity and fiscal terms
    • Bonuses, rentals and fees
    • Area rentals
    • Indirect taxes
    • Netherlands Concession
  • Fiscal stability
    • Timeline
    • Timeline detail
  • Economic analysis
    • Split of the barrel - oil
    • Split of the barrel - gas
    • Share of profit - oil
    • Share of profit - gas
    • Effective royalty rate - onshore and shelf, oil and gas
    • Maximum government share - onshore and shelf, oil and gas
    • State share versus Pre-Share IRR - oil
    • State share versus Pre-Share IRR - gas
    • Investor IRR versus Pre-Share IRR - oil
    • Investor IRR versus Pre-Share IRR - gas
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