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

Insight 04 October 2017

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

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.

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 the following images and tables:

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

What's included

This report contains:

PFL_MiB_OngoingDiscussions_201709.xls (1)

XLS 263.50 KB
PFL_MiB_Licensing_201709.xls (1)

XLS 316.50 KB
Petroleum fiscal and licensing month in brief: huge signature bonuses paid in Brazil

PDF 776.88 KB