Petroleum fiscal systems: what to look for in 2017
There were over 40 changes to fiscal systems in 2016, and we foresee 2017 being just as busy, with several countries already formally reviewing terms. Industry’s renewed interest in investment could be stimulated or paralysed by the direction taken by these fiscal policies. Critically, fiscal changes can impact existing assets – disruption – or only apply to new licences – evolution. This review considers some of the key discussions that will play out this year.