Serviceeftersyn af vilkårene for kulbrinteudvinding ... - Skatteministeriet

Fiscal Comparison/Exploration Attractiveness
Exploration activity 2002 – 2011
400
350
300
250
200
150
100
50
0
Exploration Wells Drilled
Netherlands UK Norw ay Denmark
Source Wood M ackenzie
Exploration results comparison
70%
60%
50%
40%
30%
20%
10%
0%
Exploration Success Rate (%)
Netherlands UK Norw ay Denmark
Source Wood M ackenzie
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
Discovered Volume (mmboe)
Netherlands UK Norw ay Denmark
Source Wood M ackenzie
70
60
50
40
30
20
10
0
Average Discovery Size (mmboe)
Netherlands UK Norw ay Denmark
Source Wood M ackenzie
All countries reviewed except Denmark have created value through exploration in the last decade. Exploration
investment has generally corresponded to this trend, with Denmark having the lowest total exploration expenditure over
the past decade. Drilling activity in the UK and Norway are driven by the large number of players and, in Norway
specifically, direct incentives for non-tax paying companies to obtain a tax refund on exploration costs.
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