New offshore oil royalty announced for Newfoundland & Labrador

This report is currently unavailable

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

- Available as part of a subscription
- FAQ's about online orders

05 November 2015

New offshore oil royalty announced for Newfoundland & Labrador

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.

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:

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

Other reports you may be interested in

Browse reports by Industry Sector