US$1.1 billion hit to IOCs in Danish tax change

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Report summary

This Wood Mackenzie presentation looks at the impact of fiscal term standardisation in Denmark.  In September 2013, the Danish Government confirmed the unification of all licence terms from 1 January 2014.  Licences awarded pre-2004 will be subject to the terms of licences awarded post-2004. The changes reduce the remaining value of affected fields by US$1.6 billion. The actual increase in Government take, and therefore the reduction in value to IOC portfolios is estimated by Wood Mackenzie...

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    US$1.1 billion hit to IOCs in Danish tax change

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