The issue of allocating the excess-profits tax on the production targets within the framework of the feasibility study of design solutions on the development of hydrocarbon fields

UDK: 338.45:622.276

DOI: 10.24887/0028-2448-2025-8-6-12

Key words: excess-profits tax, feasibility study of the projects, tax liabilities of oil and gas companies, the algorithm of allocation of the excess-profits tax, commercial reserves, production target, hydrocarbon field development

Authors: V.V. Traise1,2 (Tyumen Petroleum Research Center LLC, RF,Tyumen; Industrial University of Tyumen, RF, Tyumen); A.S. Lebedeva (Tyumen Petroleum Research Center LLC, RF,Tyumen); P.S. Maslovskikh (Tyumen Petroleum Research Center LLC, RF,Tyumen); E.V. Sharaeva (Tyumen Petroleum Research Center LLC, RF,Tyumen); I.Sh. Khasanov (Rosneft Oil Company, RF, Moscow)

The article is devoted to the issues of the assessment of the excess-profits tax and its allocation on subsurface productions facilities and development options in the process of preparing project documents for the development of hydrocarbon fields. The Tax Code of the Russian Federation stipulates that the excess-profits tax shall be calculated and paid for a subsurface site, while the issues related to the allocation of the excess-profits tax on subsurface development facilities are not regulated. This situation leads to a lack of a common understanding of methodological approaches to the assessment of taxes both between the authors of project design documents and within the expert community. One of the key purposes of the project design document is to justify a wise and rationale development option for both separate production targets and for the entire field. The choice of the recommended development case is based on the economic indicators such as net discounted income and government revenues which are accumulated over a cost-effective period and reflected in the integrated indicator Topt. In this regard, the correct assessment of the tax and its allocation between the production targets is an important aspect when deciding on an option for the development of raw hydrocarbon fields.

References

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