Insight
Norway doubles down response to oil market chaos
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 3 images and tables including:
- 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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