Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy advisory and research products for E&P and oil service companies, investors and governments.
New York, USA
June 17, 2014
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Rystad Energy estimates that E&P companies paid ~1.9 trillion USD globally to governments during 2013. This represents ~50% of the total revenues generated from the E&P industry. In 2013 governments experienced the effects of lower oil prices and higher costs levels. In total, cash flow to the government was down 5% in 2013 compared to 2012.
Among the non-OPEC countries, Russia and United States are the two countries with highest tax collection from the E&P industry with 180 and 135 BUSD, respectively. Norway was the fifth largest country with a total income of 67 BUSD.
The map above indicates the oil and gas fiscal regimes for each country. There are three main fiscal regime types: profit sharing contracts (PSC), royalty/tax, and service agreements. Among the OSCE countries the standard regime is royalty/tax (also referred to as Concession), while PSC contracts are more common in Africa, Asia and South America. Iran, Iraq and Mexico are among the few countries with service agreements.
July 02, 2014