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Norway Upstream Fiscal and Regulatory Report - Headline Upstream Tax Rate Stable Despite General Corporate Tax Cut

Norway Upstream Fiscal and Regulatory Report - Headline Upstream Tax Rate Stable Despite General Corporate Tax Cut


“Norway Upstream Fiscal and Regulatory Report - Headline Upstream Tax Rate Stable Despite General Corporate Tax Cut”, 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.


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

  • Regime Overview
    • Table Summary
    • Regime Overview
      • Table Figure 1: Regime Flow Chart
  • State Take Assessment
    • Table Figure 2: Norway Indicative NPV10/boe, IRR and State Take Comparison - Regional Peers, 2016
  • Key Fiscal Terms
    • Upfront Payments
      • Area Fees
        • Table Norway, Area Fees (NOK/km2), 2007-2016
        • Table Norway, Area Fees (NOK/km2), 1965-2006
      • Exploration Fees
      • Royalties (Production Fees) - Abolished January 1, 2006
        • Table Norway, Liquid Royalty Rates, 1972-2005
    • Direct Taxation
      • Corporate Income Tax
        • Table Norway, Corporate Income Tax Rates (%),
      • Special Petroleum Tax
        • Table Norway, Special Petroleum Tax Rates (%), 1975-2016
      • Norm Prices
      • Deductions and Depreciation
      • Uplift
        • Table Norway, Uplift, 1992-2016
      • Losses Carried Forward
        • Table Norway, Interest Rate on Losses Carried Forward (%), 2003-2015
      • Exploration Tax Loss Rebate
      • Withholding Tax
    • Indirect Taxation
      • Environmental Taxes
        • Table Norway, Environmental Taxes, 2015-2016
      • Value Added Tax
    • State Participation
  • Regulation and Licensing
    • Legal Framework
      • Table Figure 3: Norway, Legal Framework
      • Governing Law
      • Contract Type
      • Title to Hydrocarbons
    • Institutional Framework
      • Table Figure 4: Norway, Institutional Framework
      • Licensing Authority
      • Regulatory Agency
      • National Oil Company
    • Licensing Process
      • Licensing Rounds
      • License Applications
      • Award Criteria
    • License Terms
      • Duration and Relinquishments
      • Work Obligations
  • Outlook
  • Contact Information

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