.... This underscores the strategic importance of optimizing gas resources and exploring new initiatives to address evolving energy demands in the region. Gas portfolio development and master plan is currently a high priority effort by host government since several oil fields, reservoirs or fault blocks are nearing...

... fiscal system specifies a cost recovery option and profit oil split unlike the concessionary petroleum fiscal system that allows the contractor to recoup his capital before payment of tax. This tends to increase the risk associated with the host government revenue as investment in the production...

... less than before with the improvement made in seismic data acquisition and interpretation. Risk capital in the form of reserve/production lending in the current context became more accessible to NOC. Thus the need for Host Governments to attract expertise and risk capital (including non-recourse...

... rights to contractors for long periods of time and covering vast areas and sometimes even entire countries. Apart from receiving payments based on production, Host Governments had hardly any other rights. There was no requirement to produce and contractors had complete control over schedule and output...

... in the negotiation process with the host government to establish fiscal terms for the area in question. Once terms are finalized, the models are typically used to plan exploration strategies and alternatives. Compilations of typical agreement structures and fiscal terms for numerous countries are available from...

... in using the working interest method, lies in the fact, that the government production entitlement would be treated as a tax expense from the contractor’s point of view. But the host government or their representing oil institution will book their share of profit oil/gas as well, leading to reported gross...

... exploration and production challenges that Maxus faced in 1987, looks at problems faced and accomplishments made in subsequent years, and identifies challenges for the future. retrospective evaluation host government maxus energy corporation society of petroleum engineers upstream oil & gas...

... the fundamental distinction between the exploratory and development phases, and ties the contractors' reward to the financial rather than the physical performance of the field. fiscal efficiency host government upstream oil & gas exploration exploration activity new supply discovery revenue...