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