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Petroleum fiscal and licensing month in brief: huge signature bonuses paid in Brazil

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04 October 2017

Petroleum fiscal and licensing month in brief: huge signature bonuses paid in Brazil

Report summary

In our latest 'month in brief', we highlight the main Fiscal and Licensing stories that occurred in September and we provide our analysis and opinion on the developments. This issue highlights: • Changes in fiscal terms: increased CIT in British Columbia (Canada) and Lebanon, updated fiscal terms for Azeri Chirag Guneshli in Azerbaijan in return for a contract extension, revised gross revenue share in Indonesia and a new fiscal system in the Isle of Man (UK). • Ongoing fiscal discussions: possible review of the Norway tax system, UK may adjust the fiscal treatment of decommissionign in November budget, US waters down federal CIT reform • Licensing rounds: US$1.2 billion of signature bonuses in Brazil's 14th round, while Uruguay and Colombia launch rounds under new fiscal terms.

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 4 images and tables including:

  • Canada (BC): CIT rate increase
  • Licensing round awards (1)
  • Licensing round launches (5)
  • Licensing rounds ongoing (32)

What's included

This report contains:

  • Document

    PFL_MiB_OngoingDiscussions_201709.xls (1)

    XLS 263.50 KB

  • Document

    PFL_MiB_Licensing_201709.xls (1)

    XLS 316.50 KB

  • Document

    Petroleum fiscal and licensing month in brief: huge signature bonuses paid in Brazil

    ZIP 943.38 KB

  • Document

    Petroleum fiscal and licensing month in brief: huge signature bonuses paid in Brazil

    ZIP 943.38 KB