Petroleum Fiscal and Licensing Month in Brief: December 2015

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Report summary

Changes in fiscal terms: Russia increases taxes, new royalty in Canada Newfoundland and Labrador, new PSC for unconventionals in Indonesia. Ongoing fiscal discussions: tax incentives in Colombia and Peru, limited information on new Iran Petroleum Contract, contract extension negotiations for Cairn India. Licensing: strong response to 2015 Call for Bids in Newfoundland and Labrador, 80% take up in Angola and Hungary, Bulgaria and Indonesia open roundsĀ 

What's included

This report contains

  • Document

    Petroleum Fiscal and Licensing Month in Brief: December 2015

    PDF 530.74 KB

Table of contents

  • Executive Summary
  • Changes to fiscal terms: existing assets
  • Changes to fiscal terms: new licences
  • Notable developments in ongoing fiscal discussions
  • Licensing highlights
  • Events to watch

Tables and charts

This report includes 5 images and tables including:


  • Licensing awards
  • Licensing launches
  • Licensing ongoing
  • Events to watch


  • Fiscal and Licensing activity (November 2015)

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