Upstream fiscal systems in brief
Report summary
Table of contents
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Fiscal evolution: Kazakhstan makes first use of ‘improved model contract’ for concessions
- Russia and Caspian
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Fiscal disruption: Temporary solidarity contribution adopted across EU countries
- Europe
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Insight: Petroleum fiscal systems: 2022 in review
- Global
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Insight: Global upstream fiscal systems: 4 things to look for in 2023
- Global
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Ongoing discussions: Netherlands introduces temporary gas windfall tax and solidarity contribution charge
- Europe
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Fiscal evolution: Guyana increases the county's share for the first bid round since Liza-Payara discovery
- Latin America
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Insight: Windfall taxes - the search for a smart policy
- Global
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Fiscal disruption: UK increases and extends the energy profits levy (EPL)
- Europe
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Ongoing discussions: Malaysia proposes new CCS incentives
- South East Asia
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Fiscal disruption: Hungarian government changes upstream royalty rates for 2022 and 2023 and amends calculations for additional royalty
- Europe
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Fiscal evolution: Inflation Reduction Act
- North America
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Ongoing discussions: New Colombian government pushes for big tax increases
- Latin America
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Ongoing discussions: Argentina considers one-time Windfall Tax
- Latin America
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Fiscal disruption: India imposes windfall levy on oil producers
- Asia Pacific
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Fiscal disruption: Romania passes reforms to 2018 offshore law
- Europe
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Fiscal disruption: UK imposes energy profits levy (EPL) on upstream producers
- Europe
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Fiscal evolution: US royalty rates raising for new onshore leases
- North America
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Ongoing discussions: Norway's reforms sent to the Storting
- Europe
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US removing bonus depreciation: scratch or scar?
- North America
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Fiscal disruption: Ukraine reforms its onshore gas royalty rates
- Europe
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Fiscal disruption: Nigeria nominally increases the education tax
- Sub-Saharan Africa
- Fiscal disruption: Kazakhstan introduces price-based oil export duty exemption for offshore fields
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Fiscal disruption: Uzbekistan introduces new fiscal incentives
- Ongoing discussions: Implications Norway's oil and gas sector as Labour wins election
- Europe
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Ongoing discussion: Nigeria's Petroleum Industry Bill signed into law
- Sub-Saharan Africa
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Ongoing discussion: Ecuador pushes for investment by expanding their new PSC
- Latin America
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Insight: Global decommissioning anxiety rises
- Global
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Ongoing discussion: Nigerian parliament passes Petroleum Industry Bill
- Sub-Saharan Africa
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Ongoing discussion: South Africa’s updated petroleum resources bill sent to parliament
- Sub-Saharan Africa
- Fiscal webinar: carbon taxes and upstream subsidy debate
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Fiscal discussion: Ukraine targets fiscal reforms to support 2030 gas ambitions
- Europe
- Ongoing discussion: Kazakhstan evaluates oil export duty cancellation
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Fiscal disruption: the Netherlands finally improves the SPS investment allowance
- Europe
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Fiscal evolution: Malaysia introduces Enhanced Profitability and Late Life Asset PSC terms for 2021 licensing round
- Asia Pacific
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Fiscal disruption: Norway sets out carbon tax rise in climate action plan
- Europe
- What’s ahead for oil and gas fiscal systems in 2021?
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:
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