Country report

United States (Gulf of Mexico) upstream fiscal summary

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Report summary

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...

What's included

This report contains

  • Document

    United States (Gulf of Mexico) upstream fiscal summary

    PDF 373.05 KB

Table of contents

  • Executive summary
  • Current licence, equity and fiscal terms
  • Fiscal stability
  • Economic analysis

Tables and charts

This report includes 13 images and tables including:

Images

  • Revenue flowchart: US GoM concession
  • Timeline
  • Split of the barrel - oil
  • Split of the barrel - gas
  • Economic analysis: Image 3
  • Economic analysis: Image 4
  • Economic analysis: Image 5
  • Economic analysis: Image 6

Tables

  • Timeline detail
  • Effective royalty rate - shelf and deepwater, oil and gas
  • Maximum government share - shelf and deepwater, oil and gas
  • Bonuses, rentals and fees
  • Assumed terms by location - oil and gas

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