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 email@example.com.