Forging alliances to meet future energy demand | MRRT/ PRRT – The implementation challenge The MRRT and extended PRRT are proposed to apply from 1 July 2012 (pdf, 955kb). Our Tax Insight addresses the key focus areas for affected tax payers. It also explores the impact on financial statements, how to manage tax risk and compliance, and what systems and processes are required. Extension of the Petroleum Resource Rent Tax The release of the Exposure Draft legislation to extend the Petroleum Resource Rent Tax (PRRT) to onshore oil and gas projects and the North West Shelf Project, marks the next stage in the Federal Government’s proposed changes to the taxation of resources. Learn more about the PRRT Exposure Draft. Top 10 risks and opportunities: oil and gas sector Access to reserves ranks as the number one concern in the oil and gas sector, while frontier acreage presents the biggest opportunity. Our research explores the top 10 risks and opportunities facing the oil and gas sector today. Coal seam gas: broadening the energy mix Coal seam gas (CSG) is seen as an important source of energy in many countries. What was once considered a safety risk is potentially becoming a profitable resource. We explore how to confront the risks and challenges. Growing oil and gas market in Africa Investors are optimistic about the potential for growth in the African oil and gas sector. Economic growth, expanding populations and the building of efficient and effective political and social institutions will all have positive implications for energy consumption in the region. Learn more about the opportunities. Oil and gas: capital projects life cycle Understanding and managing the capital life cycle is critical to the long-term success of an upstream capital project. Poor decisions today result in loss of value tomorrow. Discover how the economy has reshaped the rules, how to manage risk and the steps to improve your oil and gas capital project. Untapping opportunities in the Australian coal seam gas sector Growth in the CSG sector in Australia has been meteoric. Stimulated by the Queensland Government’s Gas Scheme and the world’s growing appetite for LNG, the future appears assured. However, it’s not without challenges. This report provides an overview of the CSG sector in Australia and discusses issues and potential pitfalls facing the industry. |
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Contacts Russell Curtin Oceania Sector Leader Oil & Gas Tel: +61 8 9429 2424 The business of climate change
Are you ready? We can assist you in navigating the complexities of the Clean Energy Legislation Package, understand the implications on your industry or business and plan the way forward. 2011 global oil and gas tax guide
Our annual tax guide summarizes the oil and gas corporate tax regimes in 61 countries and also provides a directory of our tax contacts in each market. Learn more about variations in local tax legislation and what tax implications have emerged from recent industry trends. Download the 2011 tax guide today.
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