Norway’s tax package ends with a bang – but was it a success?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
-
Executive summary
- The tax package incentivises a record number of FIDs
- An unprecedented level of activity will bring challenges
- Not all projects have gone ahead as planned
- Corporate perspective – Aker BP and Equinor dominate
- Was it a success?
- What next for Norway?
Tables and charts
This report includes 22 images and tables including:
- Map showing key projects and postponements
- Norway fiscal summary
- Capex sanction v no. of FIDs (Norway)
- Capex sanctioned in 2022
- Budget change from DG1 by FID year
- Budget change from DG1 by operator
- Cost inflation split by type
- Reserve change from DG1 to FID
- First production schedule
- Pre-tax v post-tax returns
- Equinor production by development status
- Aker BP production by development status
- Aker BP cash flow breakeven
- Tax package net capex by company
- Change in company production (2028 vs 2023)
- Partnership split in tax package projects
- Norway upstream capex
- Norway upstream production
- Oil and gas production (2023)
- CCUS capacity (2030)
- Hydrogen capacity (2030)
- Offshore wind capacity (2030)
What's included
This report contains:
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