×
 

Webinar: How Government Responses to Low Oil Prices will Affect Supply

 

Join this webinar to increase your knowledge of price-adjustment mechanisms in upstream fiscal regimes and where policy changes may be required following recent falls in the oil price. 

With the oil price having fallen from over US$110/bbl to lows below US$50/bbl over the past eight months, E&P companies are lobbying for tax cuts in many countries. In most mature basins, relatively low costs and the design of fiscal regimes should mitigate the impact of lower prices on the viability of oil and gas developments. However, with costs for new sources of supply likely to be higher as the industry moves into more challenging locations, government responses to the current price scenario are likely to significantly impact the supply outlook for the long term. 

Analysing the effects of lower oil prices on project economics in 10 mature basins, (Argentina, China, Indonesia, Iraq, Norway, Russia, UAE, UK, US Gulf of Mexico and Venezuela) and four key areas for supply growth (Brazil’s pre-salt, Canada’s oil sands, Mexico and the Russian Arctic), GlobalData’s analysis assesses where low prices may threaten supply if the tax burden is not reduced.

In this webinar, GlobalData’s Analyst covering Upstream Fiscal and Regulatory Regimes, Will Scargill, will share insights pulled from GlobalData’s Government Responses to Low Oil Prices to Affect Supply Dynamics into Long Term report. Following the webinar there will be a Q&A session. Please send your questions in advance to wscargill@globaldata.com.

  • Will Scargill

    Will Scargill

    Analyst, Oil & Gas

    Will Scargill analyses the fiscal and regulatory environment facing the upstream oil and gas industry across global markets. At GlobalData, Will has analyzed the fiscal attractiveness of new upstream investment opportunities such as offshore Lebanon and the Brazilian Pre-Salt, as well as scrutinizing the impact of changes to the fiscal regimes of established areas such as UK, Norway and Algeria. Will received a B.A. (Hons) in Philosophy, Politics and Economics from Oxford University, where his studies incorporated focuses on Middle Eastern politics and economics in developing countries.

 Key Questions Answered

  • How will lower oil prices affect the commercial viability of projects in both mature basins and key supply growth areas?
  • What types of mechanisms adjust the tax burden according to the oil price?
  • To what extent have recent tax cuts in various countries over the past six months impacted the economics of E&P operations in the lower price environment?
  • What projects and operators are likely to be most significantly impacted by price shifts?
  • What are the typical breakeven oil prices for projects in key supply-growth areas?
  • In which countries do governments need to alter fiscal regimes in order to mitigate the impact of lower prices on the upstream oil and gas sector?
 

© GlobalData 2017. John Carpenter House, 7 Carmelite Street, London EC4 0BS.