Published : Apr-2020
No. of Pages : 20
1.1. List of Tables
1.2. List of Figures
2. Executive Summary
2.1. Regime Overview - Royalty Tax Agreement
2.2. Timeline
2.3. State Take Assessment
3. Key Fiscal Terms
3.1. Royalties, Bonuses and Fees
3.1.1. Area Fees
3.1.2. Additional Fees
3.1.3. Royalties (Production Fees) - Abolished January 1, 2006
3.2. Abandonment and Decommissioning
3.3. Direct Taxation
3.3.1. Corporate Income Tax
3.3.2. Special Petroleum Tax
3.3.3. Norm Prices
3.3.4. Deductions and Depreciation
3.3.5. Uplift
3.3.6. Losses Carried Forward
3.3.7. Exploration Tax Loss Rebate
3.3.8. Withholding Tax
3.4. Indirect Taxation
3.4.1. Environmental Taxes
3.4.2. Value Added Tax
3.4.3. Customs Duties
3.5. State Participation
4. Regulation and Licensing
4.1. Legal Framework
4.1.1. Governing Law
4.1.2. Contract Type
4.1.3. Title to Hydrocarbons
4.2. Institutional Framework
4.2.1. Licensing Authority
4.2.2. Regulatory Agency
4.2.3. National Oil Company
4.3. Licensing Process
4.3.1. Licensing Rounds
4.3.2. License Applications
4.3.3. Award Criteria
4.4. License Terms
4.4.1. Duration and Relinquishments
4.4.2. Work Obligations
5. Appendix
5.1. References
5.2. Contact Us
5.3. Disclaimer
List of Tables
Table 1: Regime Overview
Table 2: Norway, Key Events since 2000
Table 3: Norway, Area Fees (NOK/km2), 2007 Onwards
Table 4: Norway, Area Fees (NOK/km2), 1965-2006
Table 5: Norway, Liquid Royalty Rates, 1972-2005
Table 6: Norway, Corporate Income Tax Rates (%), 1965-2019
Table 7: Norway, Special Petroleum Tax Rates (%), 1975-2019
Table 8: Norway, Uplift, 1992-2019
Table 9: Norway, Interest Rate on Losses Carried Forward (%), 2003-2020
Table 10: Norway, Environmental Taxes, 2015-2020
Table 11: References
List of Figures
Figure 1: Regime Flow Chart
Figure 2: Norway, Indicative NPV10/boe, IRR and State Take Comparison, and Price and Cost Sensitivity Analysis
Figure 3: Norway, Legal Framework
Figure 4: Norway, Institutional Framework
