International Petroleum Fiscal Systems and Production Sharing Contracts

Front Cover
PennWell Books, Jan 1, 1994 - Business & Economics - 325 pages
1 Review
This work includes practical examples and step-by-step calculations, along with illustrations and diagrams. It covers everything from historical development of contracts to terminology of accounting and negotiations to threshold field size analysis, to the arithmetic behind contract terms.
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

INTRODUCTION
1
SEMANTICS
3
PETROLEUM FISCAL SYSTEMS
5
NEGOTIATIONS
16
FAMILIES OF SYSTEMS
21
CONCESSIONARY SYSTEMS
29
CASH FLOW PROJECTION
31
PRODUCTION SHARING CONTRACTS
39
PSC COMPONENTS
154
ACCOUNTING PRINCIPLES
177
ACCOUNTING CONCEPTS
178
SUCCESSFUL EFFORTS AND FULL COST ACCOUNTING
183
DEPRECIATION DEPLETION AMORTIZATION DDA
186
DOUBLE TAXATION
191
TAX CONSIDERATIONS
192
BRANCHES VS SUBSIDIARIES
198

FLOW DIAGRAM
40
SAMPLE PSC CASH FLOW PROJECTION
48
BASIC ELEMENTS
49
THE INDONESIAN PSC
71
RISK SERVICE CONTRACTS
87
PHILIPPINE RISK SERVICE CONTRACT
88
ECUADOR RISK SERVICE CONTRACT
90
RATE OF RETURN CONTRACTS
92
JOINT VENTURES
102
TECHNICAL ASSISTANCE CONTRACTS TACs
107
THRESHOLD FIELD SIZE ANALYSIS
113
EXPLORATION VS DEVELOPMENT THRESHOLDS
114
TECHNICAL VS COMMERCIAL SUCCESS RATIOS
117
GAS PROJECTS
124
GLOBAL MARKET FOR EXPLORATION ACREAGE
131
PROSPECTIVITY
135
POLITICAL RISK
136
PRODUCTION SHARING CONTRACT OUTLINE
151
COMMENTARY
203
Appendices
207
PERSPECTIVES ON ECONOMIC RENT
263
ABBREVIATIONS AND ACRONYMS
269
WORLDWIDE PRODUCTION STATISTICS 1992
274
SELECTED US ENERGY STATISTICS 1992
277
CONVERSION FACTORS
279
METRIC US CONVERSIONS
282
BARRELS PER METRIC TON VS API GRAVITY
283
RELATIVE OIL PRICE VS API GRAVITY
284
NATURAL GAS PRODUCTS
285
H2S AND NATURAL GAS
286
PRESENT VALUE OF ONE TIME PAYMENT
287
REFERENCES AND SOURCES OF INFORMATION
288
GLOSSARY
293
INDEX
319
Copyright

Common terms and phrases

References to this book

All Book Search results »

Bibliographic information