Insight
Petroleum fiscal systems: 2017 in review
Report summary
2017 was another active year for fiscal change as we continue to adjust to the new normal. The oil price was less volatile, so governments did not need to change fiscal terms for existing assets on the same scale as previous years. But fiscal changes in December completely changed the picture. Alongside this, governments made numerous changes to new licences to reflect the investment climate. Read our annual review to discover: Who delivered fiscal disruptions in our six 'jurisdictions to watch'? What change contributed the lions share of the $200 billion fiscal disruption total? Why was the North Sea particularly active? Where were the aggressive fiscal bids in licensing rounds? When will we see fiscal change in Nigeria?
Table of contents
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Executive summary
- Fiscal disruptions of 2017
- Not all debates led toaction
- Other fiscaldisruptions
- Fiscal evolution in 2017
- The best geology received aggressive bids
- New terms failed to spark interestin some areas
- Relevant reports
- January
- February
- March
- April
- June
- July
- August
- September
- October
- November
- December
Tables and charts
This report includes 3 images and tables including:
- Significant fiscal changes
- Fiscal disruptions: 2016 v 2017
- 2017 fiscal changes
What's included
This report contains:
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