Insight
Norway doubles down response to oil market chaos
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
As the Norwegian government announced oil production cuts on Wednesday evening, it followed-up with proposed changes to its fiscal terms on Thursday morning. The moves are a clear indication that the government is aligned with global efforts to stabilise oil markets and trying to support its domestic oil and gas industry ravaged by a 65% slump in oil prices. But will they have the desired effect? In this Insight we take a closer look at and analyse: • The fields that will shoulder the brunt of the production cuts restrictions • The economic impact on pre-FID projects from the proposed tax changes
Table of contents
- Who is likely to feel the effect of production cuts?
- Will tax changes be enough to protect investment?
Tables and charts
This report includes the following images and tables:
- Expected oil production cut between June and end of 2020*
- Summary of tax proposals
- Pre-FID project NPV10 breakevens: proposals vs. existing terms
What's included
This report contains:
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