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Petroleum fiscal and licensing month in brief: US slashes royalty in Gulf of Mexico


Petroleum fiscal and licensing month in brief: US slashes royalty in Gulf of Mexico

Report summary

In our latest 'month in brief', we highlight the main Fiscal and Licensing stories that occurred in July and we provide our analysis and opinion on the developments. This issue highlights:

  • Changes in fiscal terms: United States lowered royalty rate for shallow-water blocks in Gulf of Mexico, Alaska cancelled cash credits for small producers, Thailand allowed upstream operations be conducted under PSCs and service contracts.
  • Ongoing fiscal discussions: Algeria is looking to enact a new hydrocarbons law. Indonesia plans to enact the exemption from indirect taxes on Gross Split PSCs.
  • Licensing round highlights: rounds results in Mexico and the United Kingdom. Brazil, United States, Mexico and United Kingdom launch licensing rounds.
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What's included?

This report includes 4 file(s)

  • Petroleum fiscal and licensing month in brief: US slashes royalty in Gulf of Mexico PDF - 594.23 KB 8 Pages, 5 Tables, 2 Figures
  • PFL MiB OngoingDiscussions 201707.xls XLS - 259.50 KB
  • PFL MiB Licensing 201707.xls XLS - 329.50 KB
  • petroleum fiscal and licensing month in brief- us slashes royalty in gulf of mexico.pdf PDF - 593.91 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

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  • Executive summary
    • Fiscal and Licensing activity (July 2017)
  • Changes to fiscal terms: existing assets
    • US (Louisiana): severance tax exemption for inactive and abandoned wells
  • Changes to fiscal terms: new licences
  • Notable developments in ongoing fiscal discussions
  • Licensing round highlights
    • Licensing round ongoing (27)
  • Appendix

In this report there are 7 tables or charts, including:

  • Executive summary
    • Petroleum fiscal and licensing month in brief: US slashes royalty in Gulf of Mexico: Image 1
  • Changes to fiscal terms: existing assets
    • US (Alaska): cash credit elimination
    • Petroleum fiscal and licensing month in brief: US slashes royalty in Gulf of Mexico: Table 2
  • Changes to fiscal terms: new licences
    • Brazil PSC: government profit sharing differential at different production and prices
  • Notable developments in ongoing fiscal discussions
  • Licensing round highlights
    • Licensing round awards (4)
    • Licensing round launches (5)
    • Petroleum fiscal and licensing month in brief: US slashes royalty in Gulf of Mexico: Table 5
  • Appendix
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