The process towards a new lease sale schedule from 2017–2022 has started. The comments’ period on the draft of the proposed program closed in March 2015 and is expected to be released for comments in 2016. The program includes plans to open the south-eastern Atlantic region to oil and gas exploration, ranging from Virginia to Georgia, but faces considerable political and environmental opposition. Significant changes to the fiscal terms for US OCS leases are not expected in the short-to-medium term. However, there may be a greater potential for progress towards corporate tax reform when a new president takes office in 2017.
GlobalData’s US OCS Upstream Fiscal and Regulatory Report – Next Steps on 2017-2022 Lease Sale Program Expected in 2016 presents essential information relating to the terms which govern investment into the US Outer Continental Shelf (OCS)’s upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state’s take from hydrocarbon production.
- Published: Oct 2015
- Single User Price: $1,000
- Pages: 16
For more information, you can go to US OCS Upstream Fiscal and Regulatory Report – Next Steps on 2017-2022 Lease Sale Program Expected in 2016