Country report
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15 Pages

United States (Alaska) upstream fiscal summary


United States (Alaska) upstream fiscal summary

Report summary

The fiscal regimes in place in Alaska for both state and federal areas are concession based.  Operations onshore, and within a three mile offshore state boundary, are governed by the Alaskan State, which levies royalty, Petroleum Profits Tax (PPT), State income tax, property (Ad Valorem) tax, and a Hazardous Release Fund payment.  In 2006, the PPT completely replaced severance tax as Alaska's main method of taxing oil and gas production. In 2007, the PPT legislation was amended through the...

What's included?

This report includes 2 file(s)

  • United States (Alaska) upstream fiscal summary PDF - 459.69 KB 15 Pages, 6 Tables, 14 Figures
  • United States (Alaska) leases under Federal Governnent jurisdiction.pdf PDF - 20.10 KB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

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. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
    • Revenue flowchart: Alaska Concession
  • Current licence, equity and fiscal terms
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring fencing
      • Bonuses, rentals and fees
        • Bonuses, rentals and fees
      • Indirect taxes
      • Ad Valorem (property) tax
      • Royalty
      • Petroleum profit tax
        • Minimum Rate
        • GRE Scenario 1
        • GRE Scenario 2
        • Credit per barrel
      • State income tax
      • Federal income tax
      • Additional Taxes
        • State Hazardous Release fund
      • Fiscal treatment of decommissioning
      • Product pricing
  • Fiscal stability
    • Recent history of fiscal changes
    • Stability provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Effective royalty rate and maximum government share
    • Progressivity
    • Fiscal deterrence

In this report there are 20 tables or charts, including:

  • Executive summary
    • Executive summary: Image 1
  • Current licence, equity and fiscal terms
    • Current licence, equity and fiscal terms: Table 1
    • Current licence, equity and fiscal terms: Table 2
    • Current licence, equity and fiscal terms: Image 1
    • Current licence, equity and fiscal terms: Image 2
    • Current licence, equity and fiscal terms: Image 3
    • Current licence, equity and fiscal terms: Image 4
    • Current licence, equity and fiscal terms: Table 3
  • Fiscal stability
    • Timeline
    • Timeline details
  • Economic analysis
    • Split of the barrel - oil
    • Split of the barrel - gas
    • Share of profit - oil
    • Share of profit - gas
    • Effective royalty rate and minimum state share
    • Economic analysis: Table 2
    • State share versus Pre-Share IRR - oil
    • State share versus Pre-Share IRR - gas
    • Investor IRR versus Pre-Share IRR - oil
    • Investor IRR versus Pre-Share IRR - gas
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