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Petroleum fiscal and licensing month in brief: Russia and Guyana increase royalties

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05 July 2017

Petroleum fiscal and licensing month in brief: Russia and Guyana increase royalties

Report summary

In our latest 'month in brief', we highlight the main Fiscal and Licensing stories that occurred in June and we provide our analysis and opinion on the developments. This issue highlights: Changes in fiscal terms: Guyana has added a 2% royalty on the Liza field PSC. Indonesia has removed indirect taxes on exploration investment Ongoing fiscal discussions: Russia plans to increase the oil royalty for all companies and the gas royalty for Gazprom. Romania will increase the top rate for gas excess revenue tax and make the tax permanent Licensing round highlights: India, Norway, Ecuador and Hungary launch licensing rounds. Our Fiscal theme page is a dedicated landing point where you can access all our fiscal summaries, informs, insights, presentations and tools - subject to subscription.  This can be accessed via the "Themes" menu at the top of every page on the Wood Mackenzie portal.

Table of contents

    • Fiscal and Licensing activity (June 2017)
  • Changes to fiscal terms: existing assets
  • Changes to fiscal terms: new licences
  • Notable developments in ongoing fiscal discussions
    • Licensing round ongoing (28)
  • Appendix

Tables and charts

This report includes 5 images and tables including:

  • Guyana PSC: Renegotiation of Lisa PSC
  • Licensing round awards (3)
  • Licensing round launches (4)
  • Petroleum fiscal and licensing month in brief: Russia and Guyana increase royalties: Image 1
  • Petroleum fiscal and licensing month in brief: Russia and Guyana increase royalties: Table 4

What's included

This report contains:

  • Document

    PFL MiB OngoingDiscussions 201706.xls

    XLS 246.50 KB

  • Document

    PFL MiB Licensing 201706.xls

    XLS 309.50 KB

  • Document

    Petroleum fiscal and licensing month in brief: Russia and Guyana increase royalties

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    Petroleum fiscal and licensing month in brief: Russia and Guyana increase royalties

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