Video Clip: Norway's Oil Minister discusses oil taxes, revenue and cost sharing for oil production

What's New

Alaska Economic Update

About Alaskanomics

Northrim Bank launched the Alaskanomics blog to provide news, analysis and commentary on Alaska’s economy. With contributions from economists, business leaders, policy makers and everyday Alaskans, Alaskanomics aims to engage readers in an ongoing conversation about our economy, now and in the future.

« Video Clip: The Alaska State Legislature has helped the construction industry, and consumers, by funding utilities in capital budgets recently | Main | Video Clip: Defense spending is not the bright spot for Alaska in the future »

Friday, February 24, 2012

Video Clip: Norway's Oil Minister discusses oil taxes, revenue and cost sharing for oil production

Norwegian Minister of Petroleum and Energy, Ola Borten Moe, talks about elements of oil production fiscal terms. Norway has a 78% marginal tax on income taxes, and a government share of every license. The government also shares in the costs of research and development according to their share in the license. In Norway's system, oil companies can deduct all expenses over a short period of time.

Moe was speaking at a Northrim Bank Oil and Gas Speaker Series event in November 2011 in Anchorage presented by the Alaska World Affairs Council.

Click here to see the upcoming schedule in the Northrim Bank Oil and Gas Speaker Series.