Insight
Petroleum fiscal systems: 2022 in review
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 the following images and tables:
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Share of revenue under windfall pricesImpact of latest announcementColombia CIT surcharge for oil and gas producers
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Windfall Watch: EuropeIndia windfall excise ratesRomania excess revenue tax rate
What's included
This report contains:
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