Serviceeftersyn af vilkårene for kulbrinteudvinding ... - Skatteministeriet

Fiscal Comparison/Exploration Attractiveness
Table of Contents
1 Introduction ........................................................................... 4
2 Executive Summary .............................................................. 4
2.1 Scope of this report .............................................................................. 4
2.2 Overview of current fiscal terms ........................................................... 4
2.3 Comparison of average, marginal and model field tax rates ............... 5
2.4 Resource base comparison ................................................................. 8
2.5 Exploration performance comparison .................................................. 9
2.6 Cost comparison ................................................................................11
2.6 General fiscal comparison overview ..................................................12
3 Methodology and Assumptions ......................................... 13
3.1 Definitions...........................................................................................13
3.2 Data Sources .....................................................................................13
3.3 Methodology .......................................................................................13
4 Comparison of current fiscal regimes ............................... 16
4.1 Average Tax Rates ............................................................................16
4.2 Marginal Tax Rates ............................................................................17
4.3 Model field comparison ......................................................................17
4.4 Danish fiscal terms .............................................................................19
4.5 Norwegian fiscal terms .......................................................................22
4.6 Netherlands fiscal terms .....................................................................25
4.7 UK fiscal terms ...................................................................................29
5 Comparative attractiveness ............................................... 33
5.1 Overview ............................................................................................33
5.1 Denmark .............................................................................................36
5.2 Norway ...............................................................................................42
5.3 Netherlands ........................................................................................52
5.4 UK ......................................................................................................59
Appendix 1 – Model oil field results: Government Share ........ 68
Appendix 2 – Model gas field results: Government Share ...... 69
Appendix 3 – Model oil field results: Government NPV ........... 70
Appendix 4 – Model gas field results: Government NPV ......... 71
Appendix 5 – Model oil field results: Investor IRR ................... 72
Appendix 6 – Model gas field results: Investor IRR ................. 73
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