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US$1.1 billion hit to IOCs in Danish tax change

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21 October 2013

US$1.1 billion hit to IOCs in Danish tax change

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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