Fiscal Systems For Hydrocarbons

Author : Silvana Tordo
Publisher : World Bank Publications
Page : 86 pages
File Size : 48,6 Mb
Release : 2007-01-01
Category : Technology & Engineering
ISBN : 9780821372678

Get Book

Fiscal Systems for Hydrocarbons by Silvana Tordo Pdf

Although host governments and investors may share one common objective - the desire for projects to generate high levels off revenue - their other goals are not entirely aligned. Host governments aim to maximize rent for their country over time, while achieving other development and socioeconomic objectives. Investors aim to ensure that the return on investment is consistent with the risk associated with the project, and with their corporations' strategic objectives. To reconcile these often conflicting objectives, more and more countries rely on transparent institutional arrangements and flexible, nuetral fiscal regimes. This paper examines the key elements of the legal and fiscal frameworks utilized in the petroleum sector and aims to outline desirable features that should be considered in the design of fiscal policy with the objective of optimizing the host government's benefits, taking into account the effect this would have on the private sector's investment.

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 82 pages
File Size : 49,5 Mb
Release : 2012-08-16
Category : Business & Economics
ISBN : 9781498340069

Get Book

Fiscal Regimes for Extractive Industries—Design and Implementation by International Monetary Fund. Fiscal Affairs Dept. Pdf

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

Author : Muhammed Abed Mazeel
Publisher : diplom.de
Page : 449 pages
File Size : 51,9 Mb
Release : 2014-04-11
Category : Business & Economics
ISBN : 9783836638210

Get Book

Petroleum Fiscal Systems and Contracts by Muhammed Abed Mazeel Pdf

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 [...]

Author : Ms. Alpa Shah
Publisher : International Monetary Fund
Page : 36 pages
File Size : 45,6 Mb
Release : 2021-10-18
Category : Business & Economics
ISBN : 9781513599663

Get Book

Natural Resource Taxation in Mexico: Some Considerations by Ms. Alpa Shah Pdf

Mexico has large extractive industries and it traditionally has raised sizable fiscal revenues from the oil and gas sector. A confluence of factors—elevated commodity prices, financial challenges of the state-owned oil company Pemex, and revenue needs for financing social and public investment spending over the medium term—suggest that a review of Mexico’s taxation regimes for natural resources would be opportune, against the backdrop of a comprehensive approach to tackling Mexico’s challenges. This paper identifies opportunities for redesigning mining taxation to increase somewhat the revenue intake while maintaining the favorable investment profile of the sector. It also discusses recent reforms to the oil and gas fiscal regime and future reform considerations, with attention to the attractiveness of investment on commercial terms—an issue that should be placed in the context of an overall reform of Pemex’s business strategy and possibly of the energy sector more generally.

Author : Frank Jahn
Publisher : Elsevier
Page : 396 pages
File Size : 48,6 Mb
Release : 1998-03-13
Category : Technology & Engineering
ISBN : 0080551459

Get Book

Hydrocarbon Exploration and Production by Frank Jahn Pdf

This book on hydrocarbon exploration and production is the first volume in the series Developments in Petroleum Science. The chapters are: The Field Life Cycle, Exploration, Drilling Engineering, Safety and The Environment, Reservoir Description, Volumetric Estimation, Field Appraisal, Reservoir Dynamic Behaviour, Well Dynamic Behaviour, Surface Facilities, Production Operations and Maintenance, Project and Contract Management, Petroleum Economics, Managing the Producing Field, and Decommissioning.

Author : Daniel Johnston
Publisher : Unknown
Page : 266 pages
File Size : 50,9 Mb
Release : 1997
Category : Oil and gas leases
ISBN : OCLC:1059175462

Get Book

International Petroleum Fiscal Systems and Production Sharing Contracts by Daniel Johnston Pdf

Author : Ms.Oana Luca,Diego Mesa Puyo
Publisher : International Monetary Fund
Page : 52 pages
File Size : 45,6 Mb
Release : 2016-02-24
Category : Business & Economics
ISBN : 9781498386302

Get Book

Fiscal Analysis of Resource Industries by Ms.Oana Luca,Diego Mesa Puyo Pdf

This manual introduces key concepts and methodology used by the Fiscal Affairs Department (FAD) in its fiscal analysis of resource industries (FARI) framework. Proper evaluation of fiscal regimes for extractive industries (EI) requires economic and financial analysis at the project level, and FARI is an analytical tool that allows such fiscal regime design and evaluation. The FARI framework has been primarily used in FAD’s advisory work on fiscal regime design: it supports calibration of fiscal parameters, sensitivity analysis, and international comparisons. In parallel to that, FARI has also evolved into a revenue forecasting tool, allowing IMF economists and government officials to estimate the composition and timing of expected revenue streams from the EI sector, analyze revenue management issues (including quantification of fiscal rules), and better integrate the EI sector in the country macroeconomic frameworks. Looking forward, the model presents a useful tool for revenue administration practitioners, allowing them to compare actual, realized revenues with model results in tax gap analysis.

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 154 pages
File Size : 43,5 Mb
Release : 2015-09-08
Category : Business & Economics
ISBN : 9781513514802

Get Book

South Africa by International Monetary Fund. Fiscal Affairs Dept. Pdf

This Technical Assistance report reviews South Africa’s tax system and also examines the fiscal regime with a view to generating a sustainable revenue contribution from mining and petroleum in future. Mining has historically been the mainstay of the South African economy. Mineral exports remain the principal contributor to foreign exchange earnings on the current account. South Africa is not yet a significant producer of crude oil or natural gas. Oil and gas exploration nevertheless shows promise. Taxation is far from top of the list in current challenges facing the development of extractive industries in South Africa. The national goal of economic and social transformation in favor of Historically Disadvantaged South Africans has major impact on the mining sector.

Author : Alexander Huurdeman,Anastasiya Rozhkova
Publisher : World Bank Publications
Page : 296 pages
File Size : 46,6 Mb
Release : 2019-05-16
Category : Business & Economics
ISBN : 9781464813856

Get Book

Balancing Petroleum Policy by Alexander Huurdeman,Anastasiya Rozhkova Pdf

Petroleum discovery in a country presents its policy makers with a challenging and complex task: formulating and agreeing on policies that will shape the country’s petroleum sector and guide the translation of the newly discovered resources into equitable and sustainable economic and social growth for the nation over the long term. Balancing Petroleum Policy provides policy makers and other stakeholders with the basic sector-related knowledge they need to embark on this task. It introduces a number of topics: the petroleum value chain and pivotal factors affecting value creation, a consultative process for developing a nation’s common vision on key petroleum development objectives, design of a legislative and contractual framework, petroleum fiscal regimes and their administration, prudent fiscal management, transparency and governance, environmental and social safeguards, and economic diversification through industrial linkages. Although much of the material is relevant to designing policies for the development of the petroleum sector in general, the book gives special focus to developing countries, countries in a federal or devolved setting, and countries that have experienced or are still experiencing civil conflict. With this focus in mind, the book examines three questions—ownership, management, and revenue sharing of petroleum resources—that are central to petroleum policy in any federal or devolved state. It also offers important perspectives on how to prevent violent conflicts related to such resources. Petroleum policies tend to vary significantly from country to country, as do the objectives that such policies aim to achieve in the specific context of each particular country. Although there is no one-size-fits-all policy and there are no clear-cut answers to the many potential policy dilemmas associated with the discovery of petroleum resources, this publication may help policy makers find the right balance among the chosen objectives—and the right policy choices to achieve these objectives.

Author : Muhammed Mazeel
Publisher : Diplomica Verlag
Page : 453 pages
File Size : 40,5 Mb
Release : 2010-06
Category : Business & Economics
ISBN : 9783836688529

Get Book

Petroleum Fiscal Systems and Contracts by Muhammed Mazeel Pdf

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 it can 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. Exam

Author : Giuseppe Etiope
Publisher : Springer
Page : 199 pages
File Size : 50,5 Mb
Release : 2015-01-30
Category : Science
ISBN : 9783319146010

Get Book

Natural Gas Seepage by Giuseppe Etiope Pdf

The book offers a modern, comprehensive, and holistic view of natural gas seepage, defined as the visible or invisible flow of gaseous hydrocarbons from subsurface sources to Earth’s surface. Beginning with definitions, classifications for onshore and offshore seepage, and fundamentals on gas migration mechanisms, the book reports the latest findings for the global distribution of gas seepage and describes detection methods. Seepage implications are discussed in relation to petroleum exploration, environmental impacts (hazards, pollution, atmospheric emissions, and past climate change), emerging scientific issues (abiotic gas and methane on Mars), and the role of seeps in ancient cultures. With an updated bibliography and an integrated analysis of available data, the book offers a new fundamental awareness - gas seepage is more widespread than previously thought and influences all of Earth’s external “spheres”, including the hydrosphere, atmosphere, biosphere, and anthroposphere.

Author : Tarek Al-Arbi Omar Ganat
Publisher : Springer Nature
Page : 101 pages
File Size : 45,7 Mb
Release : 2020-03-31
Category : Technology & Engineering
ISBN : 9783030452506

Get Book

Technical Guidance for Petroleum Exploration and Production Plans by Tarek Al-Arbi Omar Ganat Pdf

This book presents detailed explanations of how to formulate field development plans for oil and gas discovery. The data and case studies provided here, obtained from the authors’ field experience in the oil and gas industry around the globe, offer a real-world context for the theories and procedures discussed. The book covers all aspects of field development plan processes, from reserve estimations to economic analyses. It shows readers in both the oil and gas industry and in academia how to prepare field development plans in a straightforward way, and with substantially less uncertainty.

Author : John Dolson
Publisher : Springer
Page : 498 pages
File Size : 42,7 Mb
Release : 2016-06-15
Category : Technology & Engineering
ISBN : 9783319297101

Get Book

Understanding Oil and Gas Shows and Seals in the Search for Hydrocarbons by John Dolson Pdf

This book explains in detail how to use oil and gas show information to find hydrocarbons. It covers the basics of exploration methodologies, drilling and mud systems, cuttings and mud gas show evaluation, fundamental log analysis, the pitfalls of log-calculated water saturations, and a complete overview of the use of pressures to understand traps and migration, hydrodynamics, and seal and reservoir quantification using capillary pressure. Also included are techniques for quickly generating pseudo-capillary pressure curves from simple porosity/permeability data, with examples of how to build spreadsheets in Excel, and a complete treatment of fluid inclusion analysis and fluid inclusion stratigraphy to map migration pathways. In addition, petroleum systems modeling and fundamental source rock geochemistry are discussed in depth, particularly in the context of unconventional source rock evaluation and screening tools for entering new plays. The book is heavily illustrated with numerous examples and case histories from the author’s 37 years of exploration experience. The topics covered in this book will give any young geoscientist a quick start on a successful career and serve as a refresher for the more experienced explorer.

Author : Havard Devold
Publisher : Lulu.com
Page : 84 pages
File Size : 46,5 Mb
Release : 2013
Category : Gas fields
ISBN : 9781105538643

Get Book

Oil and Gas Production Handbook: An Introduction to Oil and Gas Production by Havard Devold Pdf

Author : Muharrem Ince,Olcay Kaplan Ince
Publisher : BoD – Books on Demand
Page : 100 pages
File Size : 45,9 Mb
Release : 2019-12-04
Category : Technology & Engineering
ISBN : 9781789844207

Get Book

Hydrocarbon Pollution and its Effect on the Environment by Muharrem Ince,Olcay Kaplan Ince Pdf

This book covers hydrocarbon pollution, measurement techniques for hydrocarbons, risk assessment, and environmental impact. This comprehensive book takes a broad view of the subject and integrates a wide variety of approaches. This book attempts to address the needs of graduate and postgraduate students and other professionals or readers interested in food, soil, water, and air pollution. The aim of this book is to explain and clarify important studies, and compare and develop the new and groundbreaking measurement techniques. Written by leading experts in their respective areas, the book is highly recommended to professionals interested in environmental and human health because it provides specific and comprehensive examples.