File Name: international petroleum fiscal systems and production sharing contracts by daniel johnston .zip
Search this site. International Petroleum Fiscal Systems and Production Sharing Contracts by Daniel Johnston Synopsis: Daniel Johnston covers everything including historical development of contracts, terminology of accounting and negotiations, threshold field size analysis, arithmetic behind contract terms, and more. Contents Petroleum fiscal systems Concessionary systems Production-sharing contracts Risk service contracts Threshold field size analysis Global market for exploration acreage Production-sharing contract outline Accounting principles Double taxation Commentary Appendices Glossary.
Business relationships between international oil companies IOCs and governments are among the most dynamic in the world. There is a heated debate — currently particularly intense in Mexico and India — over a fundamental feature of global agreements. Others, however, propose a structure based simply on the division of Queue ["Typeset",MathJax. The file s for this record are currently under an embargo. If you complete the attached form, we can attempt to contact the author and ask if they are willing to let us send you a copy for your personal research use only.
A valuable examination ofanalytical and state-of-the-art techniques in fiscal systemanalysis and design. Extensive Course documentation— Over Pages! For further details, please email mpgc cconnection. With globalisation, mega mergers, volatile prices and changing geopoliticalscenarios, it is vital to understand not only the changing terminology and semantics of the PSC but also how fiscal systems have evolved, their economic and financial impact. A must for all senior managers in new ventures,exploration, corporate planning, geology as well as petroleum negotiators, oil company legal counsel,advisers, geologists and engineers. The course provides you with critical information to create the right commercial framework for successful PSCnegotiations.
The international petroleum industry involves tremendous wealth and power. In many countries petroleum, whether exported or imported, dominates the economy. Natural resources are the crown jewels. Few industries combine such a dramatic contrast between risk and reward. Countries with petroleum resources carefully guard this wealth. Petroleum taxation is a vital aspect of the industry.
This article explores some of the key trends and events of the past 10 years and how they influence and shape the business relationships in the industry today. There is no doubt this was a landmark time in our history. The 10 years since the JWELB was first published have been particularly dramatic because of the price shock just getting underway in the mid s. It colored everything and will leave an everlasting mark, but, in many ways it was not unique. It was catalytic.
I would like to take this opportunity to thank Prof. John Paterson for his advice and comments which were invaluable to this dissertation. I also owe sincere thanks to the Government of the United Republic of Tanzania through the Ministry of Energy and Minerals for sponsoring my studies at the University of Aberdeen. This dissertation is dedicated to my Mother Elizabeth Makula and My Father Mlyandingu Masunga; My lovely Wife; and My children Grace and Gibson for their prayers, love and patience throughout the period of we have been apart.
The petroleum fiscal regime of a country is a set of laws, regulations and agreements which governs the economical benefits derived from petroleum exploration and production. The regime regulates transactions between the political entity and the legal entities involved.
Production sharing agreement. A production sharing agreement or PSA, which is also known as a production sharing contract or PSC, is another type of oil and gas agreement, specifically a type of a contractual system that was first introduced by Indonesia in Proposed changing the fiscal regime to a simpler revenue sharing system. Contests proposed changes, saying there is no need to move away from PSCs, which in their view are more investor friendly. Government to share in revenue as soon as production starts. Contractor should recover all costs before sharing profits with the government. Over pages of additional information and one-page summaries of the commercial terms for an additional 14 countries not found in the book.
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