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Upstream fiscal systems in brief

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31 March 2023

Upstream fiscal systems in brief

Report summary

The upstream fiscal systems in brief provides our opinion and analysis on the latest stories and trends related to upstream petroleum fiscal systems. We report on four main themes: fiscal disruption that impacts existing assets, fiscal evolution where changes that affect new licences, details and implications of ongoing discussions and biddable terms where terms are part of a competitive bidding process.

Table of contents

Tables and charts

This report includes 43 images and tables including:

  • Oil export duty - price thresholds (nominal terms)
  • Impact of oil export duty exemption on key offshore projects
  • Uzbekistan - new incentives
  • Potential impact of zero oil export duty on offshore project economics
  • Kazakhstan - Alternative Subsoil Tax (AST rates)
  • Applicability of temporary solidarity contribution across EU member states
  • Fiscal disruption: Temporary solidarity contribution across EU countries
  • Fiscal disruption: Temporary solidarity contribution impact on EU countries
  • Fiscal disruption: Netherland Concession Windfall & Temporary solidarity charge
  • Asset by asset impact on temporary tax increase
  • Guyana government share comparison
  • Recent fiscal changes and proposals
  • Effective tax rate and capital tax relief
  • Extra profit tax (royalty rates) - oil and gas (2022 and 2023 only)
  • Fiscal disruption: Impact of fiscal changes in Hungary Concession
  • Economic impact of federal royalty increase on government acreage type wells
  • States receiving the most oil and gas disbursements from federal royalties
  • Fiscal comparison
  • IDC and bonus depreciation sensitivity
  • Impact on state taxes
  • Ukraine - onshore gas royalty rates
  • Impact of new royalty rate thresholds
  • Overall impact of education tax increase
  • Asset by asset impact of education tax increase
  • Project IRR: non-taxpayer vs. taxpayer
  • Project net cash flow: non-taxpayer
  • PIA royalty rates
  • PIA tax rates
  • PIB legislative timeline
  • Global comparison of state participation
  • Global comparison of state share
  • Deepwater: state share and investor IRR
  • Onshore: state share and investor IRR
  • Fiscal disruptions - Netherlands increased SPS investment allowance
  • Malaysia - new fiscal terms
  • Cost recovery ceiling - EPT vs R/C PSC
  • Contractor profit share - EPT vs R/C PSC
  • EPT vs R/C comparison - shelf model field
  • The cost of Norway's carbon price 2020 vs. 2030 (USD/tCO2)

What's included

This report contains:

  • Document

    Upstream fiscal systems in brief

    PDF 1.84 MB

  • Document

    Upstream fiscal systems in brief

    ZIP 1.71 MB

  • Document

    Upstream_fiscal_systems_in_brief - 2018_March 2019_Archive.pdf

    PDF 2.27 MB

  • Document

    Upstream Fiscal Systems In Brief March Dec 2019 Archive

    PDF 1.25 MB

  • Document

    Upstream Fiscal Systems In Brief 2020 Archive.pdf

    PDF 1.01 MB