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Discussion topics:
Price shifts, resource owners expectations,
and investment cycles
Are fiscal regimes getting more flexible,
neutral, and stable?
Petroleum contracts: not just deals
USA OCS
USA Alaska
Canada Alberta
New royalty regime for conventional oil and gas (sliding scale on price
and volume)
Reduced minimum royalty and introduced NPI on oil sands
United Kingdom
Norway
Exploration cash back or loss carry forward with uplift for new
entrants
Kazakhstan
Russia
Increased mineral extraction tax
Increased export duty
Venezuela
Bolivia
Argentina
Ecuador
Windfall profit tax (up to 99% above price set in Operating Contracts)
Nigeria
Equatorial Guinea
Algeria
Libya
Cap on primary production allocation (35-40%)
Today
RUSSIA:
Oil
pricesProblems
dive amid
Rise With Falling
financial crisis
Oil Prices
worries
Venezuela to
slash public
spending to
confront the
falling price of
oil
Iran feels
economic
pain as oil
prices fall
Glob
a
crisis l financia
l
p u ts
U
inves
K
tmen oil
t at
risk
Petrobras to
postpone
projects amid
financial crisis,
oil price fall
Thank you!