Petroleum fiscal and licensing month in brief: Brazil looks to cash in quick with pre-salt terms
In the May edition of our fiscal month in brief' report, we highlight the main stories affecting global upstream fiscal terms and provide context for these developments. Changes in fiscal terms: Australia restricted export LNG. Azerbaijan issued its first RSC, and Brazil gave details on it's upcoming pre-salt PSC. Ongoing fiscal discussions: Australia completed its PRRT review, Ecuador announced a PSC instead of it's usual service contract, Nigeria made headway towards fiscal reform, and Romania deregulated household gas prices. Russia began testing more profit-based taxes. Licensing: New rounds were launched in Newfoundland and Labrador, China, and Georgia.
Table of contents
Fiscal and Licensing activity (April 2017)
Changes to fiscal terms: existing assets
Changes to fiscal terms: new licences
Notable developments in ongoing fiscal discussions