Webinar: Global Fiscal Regimes and Bid Rounds: Areas to Watch in 2017

Sponsored by: GlobalData Technology

Focused on:

  • Fiscal Regimes
  • Investment

Date: 26 January

179

Time: 2PM London/9AM New York

Are Terms Attractive Enough to Entice Investment in Upcoming Rounds?

Fiscal regimes have a major impact on field valuations, in some cases making the difference between a profitable investment and inviable project. Some countries have sought to adjust their regimes in response to the low-price environment in order to attract investment. However, average levels of global state take as a percentage of project pre-tax cash flows have not declined sharply since the 2014 price decline. As E&P companies’ exploration budgets have tightened significantly since the oil price crash, the fiscal burden applied by countries offering new licensing opportunities will be critical in determining investor interest. Countries offering improved terms, or terms that are flexible based on the oil price or investor profitability, may attract more interest as explorers avoid areas where margins are tightest.

Presented by

Erik Lambert,

Upstream Fiscal Analyst

Erik Lambert performs economic and regulatory analysis on fiscal regimes, and assess the impact of fiscal regimes on project valuations in the upstream oil and gas sector. Erik covers regimes across a range of geographies and has conducted detailed analysis of areas including Western Europe, Brazil and West Africa. Erik previously worked for Verisk Maplecroft, a political and regulatory risk consultancy, where he focused on resource nationalism risks. Erik holds an MA degree in Contemporary European Studies from the University of Bath, UK, and a BA degree in Economics and Political Science from Miami University, United States.

Key Learning Objectives

  • Which countries place the highest and lowest fiscal burden on the upstream oil and gas sector?
  • What are the key bid rounds expected to occur in 2017?
  • How have recent fiscal regime changes impacted project economics?
  • What regulatory hurdles must investors navigate in key areas of opportunity?

Audience

  • Heads of Exploration and Production
  • Heads of Planning and Strategy
  • Heads of Research and Analysis
  • Heads of Project Evaluation
  • Heads of Fiscal Analysis
  • Upstream Consulting
  • Marketing and Strategy