Insight

Petroleum Fiscal and Licensing: 2015 in review

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

20 January 2016

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.

Table of contents

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Petroleum Fiscal and Licensing: 2015 in review

    PDF 269.67 KB

Other reports you may be interested in

Browse reports by Industry Sector