This report presents the results of the Fraser Institutes 7th annual survey of petroleum industry executives and managers regarding barriers to investment in oil and gas exploration and production facilities in various jurisdictions around the globe. Those barriers include high tax rates, costly regulatory obligations, uncertainty over environmental regulations and the interpretation and administration of regulations governing the upstream petroleum industry, and concerns over political stability and security of personnel and equipment. A total of 864 respondents participated in the survey, providing sufficient data to evaluate 157 jurisdictions.