New offshore oil royalty announced for Newfoundland & Labrador

This report is currently unavailable

Further information

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.

Report summary

On 2 November 2015, the Government of Newfoundland and Labrador announced the details of its proposed new generic offshore oil royalty regime.The objectives of the recent royalty review were to define a transparent, profit-based, progressive and competitive royalty regime.The overhaul of the previous project level royalty negotiation is a first step towards greater fiscal transparency ahead of an upcoming offshore land auction set for mid-November.The new terms do not apply to assets under development (like Hebron), but will apply to any potential future projects in the Flemish Pass.

What's included

This report contains

  • Document

    New offshore oil royalty announced for Newfoundland & Labrador

    PDF 262.94 KB

Table of contents

  • Details of the New Generic Offshore Oil Royalty Regime
  • R Factor
  • Net Royalty criteria
  • Royalty Rates

Tables and charts

This report includes 3 images and tables including:


  • Royalty rates


  • New offshore oil royalty announced for Newfoundland & Labrador: Table 1
  • Comparison of New vs. Historical Newfoundland & Labrador Royalty Terms

Questions about this report?

    • Europe:
      +44 131 243 4699
    • Americas:
      +1 713 470 1900
    • Asia Pacific:
      +61 2 8224 8898