Insight
Petroleum fiscal and licensing month in brief: Brazil extends REPETRO
Report summary
In our latest 'month in brief', we highlight the main Fiscal and Licensing stories that occurred in August and we provide our analysis and opinion on the developments. This issue highlights: Changes in fiscal terms: Brazil extends indirect tax breaks, Cambodia signs PSC with revised fiscal terms, Mexico relaxes PEMEX cost caps, Russia increases mineral extraction tax (MET). Ongoing fiscal discussions: Australian government wins tax dispute with Chevron, Brazil discusses decrease in royalties, Egypt looks to design a more attractive PSC for investors, Nigeria proposes additional revisions to the petroleum law. Licensing rounds: improved signature bonuses in Brazil and US, Egypt launches round with biddable service fee. Our Fiscal theme page is a dedicated landing point where you can access all our fiscal summaries, informs, insights, presentations and tools - subject to subscription. This can be accessed via the "Themes" menu at the top of every page on the Wood Mackenzie portal.
Table of contents
- Changes to fiscal terms: existing assets
- Changes to fiscal terms: new licences
- Notable developments in ongoing fiscal discussions
- Licensing round highlights
- Appendix
Tables and charts
This report includes 7 images and tables including:
- Cambodia: Block A revised PSC terms (detail)
- Cambodia: Revised PSC terms for Block A
- Mexico: revised deductible cost caps (detail)
- Russia: oil and gas MET increase in 2017 and 2020
- Licensing round awards (3)
- Licensing round launches (1)
- Licensing rounds ongoing (22)
What's included
This report contains:
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