Norway Upstream Fiscal and Regulatory Guide
Norway governs upstream petroleum operations through a royalty/tax framework. On May 12, 2020, the government will submit a bill to the Storting to temporarily amend petroleum taxation. The stimulus, if implemented, would attempt to incentivise near-term investment in projects by reducing taxable profits for companies in the short-to-medium term. However, some members of industry have described the proposal as insufficient to maintain the current levels of activity. If investment (particularly in upcoming projects) is delayed due to company capital expenditure reductions and production cuts are implemented to help commodity prices recover, the country risks a production decline over the medium term.
“Norway Upstream Fiscal and Regulatory Guide”, presents the essential information relating to the terms which govern investment into Norway’s upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state’s take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Norway’s upstream oil and gas investment climate.
Scope
Overview of current fiscal terms governing upstream oil and gas operations in Norway
Assessment of the current fiscal regime’s state take and attractiveness to investors
Charts illustrating the regime structure, and legal and institutional frameworks
Detail on legal framework and governing bodies administering the industry
Levels of upfront payments and taxation applicable to oil and gas production
Information on application of fiscal and regulatory terms to specific licenses
Outlook on future of fiscal and regulatory terms in Norway
Reasons to Buy
Understand the complex regulations and contractual requirements applicable to Norway’s upstream oil and gas sector
Evaluate factors determining profit levels in the industry
Identify potential regulatory issues facing investors in the country’s upstream sector
Utilize considered insight on future trends to inform decision-making
Table of Contents
List of Tables
List of Figures
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