| |
2 Pages

Petroleum Fiscal and Licensing: 2015 in review

Petroleum Fiscal and Licensing: 2015 in review

Report summary

There were 39 key fiscal changes enacted or legislated in 2015.  40% of all fiscal adjustments were to royalty and other revenue-based fiscal terms.  Corporate Income Tax rate changes were also a regular feature, accounting for 20% of government share revisions.  Europe and the Americas were the most active in making changes in 2015 and contributed to many of the royalty and income tax adjustments.  

Licensing activity was impacted by the cut in discretionary spending in 2015.  Offshore bid rounds were affected the most, because there was limited appetite to sign up to expensive offshore exploration programmes.  In comparison, onshore rounds faired better, with award rates of 80% plus.  Mexico was the big licensing story of 2015, with the multi-phase Round One grabbing the headlines.  We would expect the trend towards lower cost onshore exploration continuing this year, with countries adding onshore acreage to 2016 bid rounds.

What's included?

This report includes 3 file(s)

  • Petroleum Fiscal and Licensing: 2015 in review PDF - 269.67 KB 2 Pages, 0 Tables, 0 Figures
  • Petroleum Fiscal and Licensing 2015 in review(slidepack).pdf PDF - 1.75 MB
  • Petroleum Fiscal and Licensing 2015 in review.xls XLS - 151.50 KB


This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive summary
    • Key December fiscal and licensing events
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.