Insight
Petroleum fiscal systems: 2022 in review
Report summary
2022 was undoubtedly the year of the windfall. Huge spikes in oil, gas and power prices – especially in Europe – sent fiscal policymakers into a spin. We summarise these developments and other global fiscal events: • Fiscal disruption – which countries changed terms that impact the value of existing assets? • Fiscal evolution – which countries changed terms for new licence opportunities? • Energy transition fiscal developments – which countries introduced upstream petroleum fiscal terms designed to impact investment in decarbonisation and CCUS projects
Table of contents
- 2022: the year of the windfall
- Appendix: summary of fiscal changes in 2022
- 2022: fiscal disruption
- 2022: fiscal evolution
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2022: energy transition fiscal developments
- Related 2022 insights:
- Ongoing discussion of evolving fiscal terms:
- See also our views on things to watch in 2023 in global upstream fiscal terms:
Tables and charts
This report includes 6 images and tables including:
- Share of revenue under windfall prices
- Impact of latest announcement
- Colombia CIT surcharge for oil and gas producers
- Windfall Watch: Europe
- India windfall excise rates
- Romania excess revenue tax rate
What's included
This report contains:
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