The fiscal regime currently applicable for Federal OCS areas in the US comprises three key elements: signature bonus, royalty and federal corporate income tax (FIT). Signature bonus bids are used as the basis of lease awards and have been very high in recent years, particularly for certain deepwater leases. Royalty rates are fixed for each lease but the rate has been increased in recent years. Deepwater leases can benefit from a royalty-free volume allowance, which varies according to water...
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Central GoM upstream fiscal summary PDF - 371.60 KB 10 Pages, 5 Tables, 8 Figures
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.
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Effective royalty rate and maximum government share
In this report there are 13 tables or charts, including:
Revenue flowchart: US GoM concession
Current licence, equity and fiscal terms
Bonuses, rentals and fees
Assumed terms by location - oil and gas
Split of the barrel - oil
Split of the barrel - gas
Effective royalty rate - shelf and deepwater, oil and gas
Maximum government share - shelf and deepwater, oil and gas
Economic analysis: Image 3
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Economic analysis: Image 6
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Country report | Jun 2016
United States (Gulf of Mexico) upstream fiscal summary
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