United Nations “Royalty”: Potential Impacts on Future Deep Water Investments

By February 28, 2015Publications

Article 82 of the United Nations Convention on the Law of the Sea (UNCLOS) requires Coastal States to make payments for the benefit of other, land-locked states. These payments relate only to production from a coastal state’s jurisdiction beyond 200 nm.

This report describes the UN Levy, identifies relevant issues around its interpretation, and provides estimates of the potential impacts on investors and the host jurisdiction, both taxpayers and resource owners.

Download UNCLOS Royalty ’15 Report

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