International Petroleum Fiscal Systems and Production Sharing Contracts

International Petroleum Fiscal Systems and Production Sharing Contracts PDF Author: Daniel Johnston
Publisher:
ISBN:
Category : Oil and gas leases
Languages : en
Pages : 266

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International Petroleum Fiscal Systems and Production Sharing Contracts

International Petroleum Fiscal Systems and Production Sharing Contracts PDF Author: Daniel Johnston
Publisher:
ISBN:
Category : Oil and gas leases
Languages : en
Pages : 266

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Book Description


Production Sharing Agreements

Production Sharing Agreements PDF Author:
Publisher:
ISBN: 9781787426870
Category : Law
Languages : en
Pages : 245

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Book Description
The Production Sharing Agreement (PSA) is the most widely used host government contract in the oil and gas industry, and is becoming the leading choice for most countries in their relationship with International Oil Companies (IOCs). However, there are many jurisdictional variations, and being aware of and understanding these is crucial for oil and gas practitioners working in this space.This title is the first comparative treatment of this topic and provides a comprehensive, in-depth overview of Production Sharing Agreements in key oil and gas jurisdictions around the world. It offers a rich, critical analysis and evaluation, and features contributions from an international group of leading experts and academics who address the legal, economic and political aspects of PSAs. It also provides guidance on key recent developments by looking at jurisdictions' overall regulatory framework and their relationship with the PSA.This edition covers jurisdictions worldwide, including: -Brazil;-Indonesia;-Kazakhstan;-Nigeria; and-RussiaProduction Sharing Agreements: A Global Legal Handbook will be of interest to practitioners, academics and anyone who is involved in these contracts. It provides readers with a clear understanding of PSAs in different jurisdictions, and a variety of practical recommendations and takeaways.

Production-sharing Agreements

Production-sharing Agreements PDF Author: Kirsten Bindemann
Publisher:
ISBN: 9781901795158
Category : Oil and gas leases
Languages : en
Pages : 93

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Upstream Government Petroleum Contracts

Upstream Government Petroleum Contracts PDF Author: King & Spalding
Publisher:
ISBN: 9781578235070
Category : Petroleum industry and trade
Languages : en
Pages : 413

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A Review of the Legal Framework on Production Sharing Agreements in the Oil and Gas Industry. The Ugandan Case Study

A Review of the Legal Framework on Production Sharing Agreements in the Oil and Gas Industry. The Ugandan Case Study PDF Author: Kefah Tumusiime
Publisher: GRIN Verlag
ISBN: 334638540X
Category : Law
Languages : en
Pages : 55

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Book Description
Master's Thesis from the year 2021 in the subject Law - Civil / Private, Trade, Anti Trust Law, Business Law, , language: English, abstract: This research paper analyses the existing laws and regulatory frameworks in the oil and gas sector with a particular focus on Uganda’s oil and gas industry. This research analyses the background of the country’s oil and gas industry with specific reference to the adaptation of the Production sharing agreement (PSA) model in as far as oil and gas contracts are concerned. The research commences by undertaking an in depth analysis of the basic laws, regulatory, policy and institutional frameworks concerning the management and administration of the oil and gas sector. The research then focuses on the legal framework on the PSA model pertaining to the ownership of the resources, the issuing of licenses and concessions, in as well as efforts undertaken to safeguard the effects of signing PSAs on aspects of environmental protection. This research is also designed to critically analyse the weaknesses and strengths of the current legal regime as well as identifying the gaps in laws relating to the applicability of PSAs and measures being taken to tackle such gaps in the regulatory framework of the country and exploring the ways in which aspects of transparency and effective management of the oil and gas industry are concerned. The research paper also discusses if other factors such as the different stakeholders like media houses, civil societies, Non-governmental organisations and International Oil and gas companies have a had a role to play in influencing the PSA model as the most appropriate choice of the Ugandan oil and gas contracts. Conclusively the research puts forward recommendations regarding how the gaps in the legal framework on the PSA model should integrate or regulate the identifiable influences of other stakeholders in Uganda’s oil and gas industry.

Understanding Joint Operating Agreements

Understanding Joint Operating Agreements PDF Author: Eduardo G. Pereira
Publisher:
ISBN: 9781780684116
Category : Joint ventures
Languages : en
Pages : 0

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Book Description
This book focusses on key practical issues faced by oil and gas companies in different parts of the world in negotiating and implementing Joint Operating Agreements.

Petroleum Fiscal Systems and Contracts

Petroleum Fiscal Systems and Contracts PDF Author: Muhammed Abed Mazeel
Publisher: diplom.de
ISBN: 3836638215
Category : Business & Economics
Languages : en
Pages : 449

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Book Description
Inhaltsangabe:Introduction: The petroleum fiscal system for a country is essentially the taxation structure, including royalty payments, that has been established by legislation. More broadly, the fiscal system includes all aspects of the contractual and taxation framework that governs the relationship between the host government and an international oil company. Worldwide, there are many different fiscal systems with different taxation and contractual terms. These vary from country to country and some countries use more than one system. Countries, for example, may offer concessionary system arrangements or service and production sharing agreements. Whichever system prevails, the issue for an oil company is how can it recover costs expended and how will the profit be divided. This depends upon tax regulations and the principles of the economics of the life of a field. The focus of this book is on the mechanics of the various kinds of fiscal systems and the factors that drive exploration and development economics. The emphasis is on practical aspects of petroleum taxation and industry/government relationships. There is also fertile ground for considering the philosophy of petroleum taxation which has changed the industry. Legal and operational aspects of contract/fiscal terms are also examined to provide a foundation in the dynamics of international negotiations. Both industry and government viewpoints are addressed in this book since a complete grasp of the subject requires an understanding of the aims and concerns of both sides. There are few things more discouraging for a government s national oil company than an unsuccessful licensing round. Yet prolonged, inconclusive negotiations can be equally frustrating for oil companies. This book has been written for those interested in petroleum taxation and international negotiations, and the way to carry out successful exploration and development projects. Much of the subject has evolved years ago whilst some aspects of taxation are timeless. Examples are included to give the reader a wide perspective about the implementation of fiscal systems. The terminology has changed over the years and will continue to develop. There is little standardisation of terms in the industry and the abundance of jargon can be rather daunting. The subjects covered in this book are often simple concepts wrapped up with industry and legal jargon. A glossary is provided to help with this. Much of the material provided [...]

Fiscal Regimes for Extractive Industries—Design and Implementation

Fiscal Regimes for Extractive Industries—Design and Implementation PDF Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN: 1498340067
Category : Business & Economics
Languages : en
Pages : 82

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Book Description
Better designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors, according to a new policy paper from the International Monetary Fund. Revenues from extractive industries (EIs) have major macroeconomic implications. The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries. About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments. IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. Also available in Arabic: ????? ??????? ?????? ???????? ???????????: ??????? ???????? Also available in French: Régimes fiscaux des industries extractives: conception et application Also available in Spanish: Regímenes fiscales de las industrias extractivas: Diseño y aplicación

Joint Venture Agreements in the Qatari Gas Industry

Joint Venture Agreements in the Qatari Gas Industry PDF Author: Talal Abdulla Al-Emadi
Publisher: Springer
ISBN: 3030126234
Category : Technology & Engineering
Languages : en
Pages : 137

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Book Description
This book addresses a question of importance for both theory and practice: Why are joint venture agreements preferred over other types of agreements such as concession agreements, service contracts, and production sharing agreements in the Qatari gas industry? On a theoretical level, the author analyses this decision-making process by developing an approach that integrates a micro-level analysis, more specifically within international oil companies, with a macro-level analysis that spring from the organisational culture of the Qatari gas industry. At the micro level, the author proposes John Dunning’s eclectic paradigm (as one set of theoretical ideas) to explaining one element of the decision-making process leading to the preference for joint venture agreements, that is, that of international oil companies. At the macro-level, the author proposes Antony Giddens’ structuration theory (as another set of theoretical ideas) to explaining another part of this decision-making process, that is, how it is being shaped by the organisational culture of the Qatari gas industry. On an empirical level, the proposed book applies a combination of a micro-economic approach such as Dunning’s eclectic paradigm with a macro-sociological approach such as Giddens’ structuration theory by empirical investigation. Grounded on a qualitative strategy that focuses on the meaning-making which brings together different perspectives of this decision-making process including those of international oil companies and the organisational culture of the Qatari gas industry, the proposed book utilises a case study design, named the case of the Qatari gas industry. The author employs a triangulation of data collection techniques to access empirical data: analysing official documents and semi-structured interviews (a sample of the interview questions are included in an appendix to the proposed books). In line with the qualitative nature of this proposed book, a thematic Analysis is adopted to interpret data based on Dunning’s eclectic paradigm at the micro level and Giddens’ structuration theory at the macro level. In doing so, this book connects theory with practice by investigating the preference for joint venture agreements in the case of the Qatari industry by the combined application of one of the most effective frameworks for explaining foreign direct investment, named Dunning’s eclectic paradigm along with the most complex sociological framework that offers a rich definition of organisational culture, named Giddens’ structuration theory. Audience could include academics, professionals, and graduate and senior undergraduate students.

Co-Operative Agreements in the Extractive Petroleum Industry

Co-Operative Agreements in the Extractive Petroleum Industry PDF Author: Bernard Taverne
Publisher: Springer
ISBN: 9789041109262
Category : Law
Languages : en
Pages : 0

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Book Description
In this work, a distinction is made between two forms of cooperation in the exploration and exploitation of petroleum: proportional cooperation between oil companies who jointly own an exclusive petroleum right, either an exclusive licence or a risk contract; and non-proportional cooperation between state enterprises and oil companies who enter into production-sharing agreements or other type of risk contracts. The book explains the reasons for cooperation and the strategies followed to minimise non-market-related risks. It provides detailed analysis of customary joint venture agreements and of special provisions in these agreements such as non-consent options and sole risk options. The work further covers compulsory cooperation in the form of either state participation or unitisation agreements. A separate chapter is devoted to production-sharing agreements. This book is intended for geologists and petroleum engineers in charge of extractive ventures and for international lawyers, consultants and other professionals who are in charge of designing, negotiating and promoting any type of cooperative agreement. The author has drawn on 34 years' experience of the legal, economic and technical aspects of the international petroleum industry, most recently as senior concessions lawyer with Shell Internationale Petroleum Maatschappij in The Hague, The Netherlands, and as part- time professor at the Delft University of Technology.