... the backdrop of a maturing basin made the North Sea a less attractive place to invest in. Renewed interest in the North Sea seen in the last 5 years has been a direct result of the UK and Norwegian governments engaging with the stakeholders and introducing new policies which have the right incentives to extend...

... of the country. The United States Shale Revolution has, and will, bring market distortions throughout the entire nation and to many others such as the energy-starving, Southeast Asia markets of China and Japan. The recent removal of restrictions on LNG exports by the American government means that new forces...

... Abstract A partnership between oilfield operators and the federal government in the coupled CO 2 enhanced oil recovery (EOR) and storage projects may bring long-term benefits for both. This paper quantifies the win-win condition for this partnership in terms of an optimum storage tax credit...

... exploration would be appropriate for the exploitation of unconventional gas deposits. To assess this issue, this study approached the question with a fiscal policy formulation perspective. It was assumed that a desirable fiscal system, able to balance opposed objectives from the Government and private...

... Abstract This paper examines the wide variety of international agreements that are currently used by host governments when granting rights to explore for, develop, produce and market hydrocarbons. The variation in fiscal terms found in these agreements covers a broad spectrum. In addition...

... in the ground; but with rise of nationalism some foreign governments adopting the concessionary system have added a nuance to this understanding, asserting that the ownership passes to the licensee at the wellhead or the export point. In contractual systems ownership to the resource still remains...

... Abstract Fiscal systems used by various governments in the oil and gas industry are integral to the economic analysis of projects. Complete economic models which aid decision making should incorporate the terms of these fiscal systems. The terms vary by country and frequently by the resource...

... and reconciled through a win-win fiscal system that not only protects the interests of the host govern- ment, but also provides sufficient incentives to the investing oil company. Such a fiscal system enables E&P activities to proceed. The task, however, is not easy. A win-win upstream fiscal system is one...

... and facilities, downstream markets, transmission and distribution infrastructure, and the legal/regulatory framework governing gas activity. gas processing investment customer gas monetization gas sector economic evaluation reserves evaluation distribution network Upstream Oil & Gas government...

... investment modeling & simulation marginal oil field seismic survey nigeria economic analysis information project valuation signature bonus exploration government npv upstream oil & gas percentage change oml reservoir characterization spe 81998 marginal field agreement reservoir...

... to question whether the strategy of adopting a single contract formula, the Brazilian Standard Concession Agreement, applied equally to the onshore and offshore activities, is convenient. Formulated primarily to govern the relationship between the State and the investors in the offshore activities, which...

... Abstract Fiscal regimes, such as production sharing contracts (PSC's), specify how hydrocarbons and costs are shared between host governments and contractors. An important part of the economic analysis in any new country or region involves modelling the fiscal terms for that area...

... by environmental groups and non-governmental organizations encouraged many national governments to enact laws that protected the air, water and environmental quality as well as define and constrain the handling and disposal of hazardous waste. 2 The oil companies treated the cost of meeting the new...

... of interference by governmental entities is high. These risks can be imposed by host governments, rebel groups in the host country or by regional countries and governments surrounding the location of the asset. A bidding company would be unwise not to consider these risks in their evaluation of an asset...

... Abstract Political risk assessment provides a prediction of the likelihood that future foreign government actions will deteriorate the return on a planned foreign investment. Such political risk predictions are commonly provided with great assurance by political experts. Political risk...

... and the availability of sustainable production capacity. The estimation of reserves also involves geological and engineering judgment affected by bias by companies and governments alike. Moreover, commercial reserves – the "real" reserves – will be produced with a reasonable degree of certitude, but technical reserves...

... Abstract Apart from some exceptions, everywhere the State is the owner of the natural resources in its territory. Therefore, the exploration for oil and gas, being natural resources; entails the execution of agreements between the Oil Companies and the local governments. Such agreements...

... ABSTRACT This paper examines how the desires of the Nigerian government as expressed in the Petroleum Development policies have acted as incentives or disincentives to further investment in oil field development in the face of uncertain economic environmental conditions and reserve sizes...

... of petroleum engineers stability price movement upstream oil & gas weekly aver netback deal opec government spot market price stability futures quote united states government contract banking & finance asia government volatility product market integration spe 16293 gatekeeper jai...

... to receive the attention of governments. Trading of reliance on insecure oil sources for reliance on insecure gas sources makes little sense. importer gas monetization soviet union norway europe government energy consumption consumption liquified natural gas lng netherlands international...