A Comparative Analysis of the Response of State Governments to the Business Challenges Facing Deepwater Exploration and Production: A Study of the Deepwater Fiscal Regimes of the US GoM, Brazil and Nigeria
Article from: OGEL 3 (2004), in Taxation
Summary
This paper highlights the growing importance of deepwater in the context of world oil supply and the difficulties oil companies face in exploring for and producing oil in the deepwater. Against this background, the paper examines the responsiveness of the fiscal systems of the US Gulf of Mexico, Brazil and Nigeria to the business challenges deepwater exploration and production pose. In making this comparism, account is taken of the fact that the design of a successful fiscal regime is essentially a balancing act which must necessarily take into consideration ...