International Petroleum Fiscal Systems And Production Sharing Contracts

Author : Daniel Johnston
Publisher : Pennwell Books
Page : 0 pages
File Size : 51,7 Mb
Release : 1994
Category : Business & Economics
ISBN : 0878144269

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

Description of the fundamentals of petroleum taxation, in particular the arithmetic and mechanics and the industry/government relationships involved. Focus on the two main fiscal systems, i.e. concessions and production sharing contracts. Consideration is given to economic issues such as the threshhold field size and also to the legal and regulatory framework. Double taxation is covered in the final chapter primarily by reference to the US. Appendices give comparative overviews of various fiscal systems as well as statistics.

Author : Muhammed Abed Mazeel
Publisher : diplom.de
Page : 449 pages
File Size : 40,5 Mb
Release : 2014-04-11
Category : Business & Economics
ISBN : 9783836638210

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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 : Rector Press, Limited
Publisher : Unknown
Page : 300 pages
File Size : 41,5 Mb
Release : 1995-07-01
Category : Electronic
ISBN : 076052498X

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Petroleum Fiscal Systems and Production Sharing Contracts International by Rector Press, Limited Pdf

Author : Daniel Johnston
Publisher : Pennwell Books
Page : 0 pages
File Size : 40,8 Mb
Release : 2001
Category : Petroleum
ISBN : 0878148221

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International Petroleum Fiscal Systems Analysis by Daniel Johnston Pdf

This report collects public information that is obscure and difficult to gather, making it a great value and timesaver. It is an excellent source of reference that depicts the diversity of petroleum exploration and development and production contract terms around the world. Nowhere else will you find this information collected in one place. Contents Country/system listing (130 Countries/352 Regimes and Contracts) Abbreviations, Acronyms and symbols Introduction Database format Example analysis format and definitions Example production sharing contract - and analysis World petroleum fiscal system statistics One-page summaries and analysis One-line summaries Glossary.

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 82 pages
File Size : 42,5 Mb
Release : 2012-08-16
Category : Business & Economics
ISBN : 9781498340069

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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 : E. T. Jarlsby,Eduardo G. Pereira
Publisher : Pennwell Books
Page : 471 pages
File Size : 40,5 Mb
Release : 2018
Category : Petroleum industry and trade
ISBN : 1593704801

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Petroleum Fiscal Systems by E. T. Jarlsby,Eduardo G. Pereira Pdf

The book reviews the various instruments which may form the petroleum fiscal system of a jurisdiction, with numerous examples from countries having configured their systems very differently.

Author : Silvana Tordo
Publisher : World Bank Publications
Page : 86 pages
File Size : 48,7 Mb
Release : 2007-01-01
Category : Technology & Engineering
ISBN : 9780821372678

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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 : Ms. Alpa Shah
Publisher : International Monetary Fund
Page : 36 pages
File Size : 49,7 Mb
Release : 2021-10-18
Category : Business & Economics
ISBN : 9781513599663

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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 : Kirsten Bindemann
Publisher : Unknown
Page : 93 pages
File Size : 49,5 Mb
Release : 1999
Category : Oil and gas leases
ISBN : 1901795152

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Production-sharing Agreements by Kirsten Bindemann Pdf

Author : Daniel Johnston
Publisher : PennWell Books
Page : 0 pages
File Size : 55,7 Mb
Release : 2003
Category : Business & Economics
ISBN : 0878148876

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International Exploration Economics, Risk, and Contract Analysis by Daniel Johnston Pdf

International exploration and production is challenging and exciting. Negotiating with governments and understanding the dynamics of their fiscal systems and/or production sharing contracts can mean the difference between success and failure. Long-time industry consultant, negotiator and lecturer, Daniel Johnston, provides an extremely clear and practical perspective on: • international exploration economics and risk analysis, • petroleum fiscal system analysis and design, • contract negotiations, • economic, financial and accounting aspects of production sharing contracts, and royalty/tax systems. International Exploration Economics, Risk, and Contract Analysis is an anthology of articles from Johnston's column in the Petroleum Accounting and Financial Management Journal (PAFMJ) Institute of Petroleum Accounting, University of North Texas. While some chapters date back a number of years, the key chapters and concepts have been dramatically updated with detailed examples.

Author : Svetlana Tsalik,Anya Schiffrin
Publisher : Lifting the Resource Curse
Page : 160 pages
File Size : 51,9 Mb
Release : 2005
Category : Language Arts & Disciplines
ISBN : STANFORD:36105114525962

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Covering Oil by Svetlana Tsalik,Anya Schiffrin Pdf

The Revenue Watch program and the Initiative for Policy Dialogue promote transparency and civic participation in natural resource policymaking. Journalists know how hard it is to report on government management of oil, gas, and other natural resource revenues. Governments and industry are seldom forthcoming. And reporters themselves usually lack the background in economics, engineering, geology, and corporate finance helpful to understanding the energy industry and the effects of resource wealth. This book attempts to redress the balance with practical information in easy to understand language. Chapters include Understanding the Resource Curse, A Primer on Oil, Oil Companies and the International Oil Market, the ABCs of Petroleum Contracts, and the Environmental, Social, and Human Rights Impacts of Oil Development. Tip sheets inform reporters about stories to pursue and questions to ask.

Author : King & Spalding
Publisher : Unknown
Page : 413 pages
File Size : 51,5 Mb
Release : 2017
Category : Petroleum industry and trade
ISBN : 1578235073

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Upstream Government Petroleum Contracts by King & Spalding Pdf

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 154 pages
File Size : 51,9 Mb
Release : 2015-09-08
Category : Business & Economics
ISBN : 9781513514802

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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 : Philip Daniel,Michael Keen,Charles McPherson
Publisher : Routledge
Page : 471 pages
File Size : 50,5 Mb
Release : 2010-04-15
Category : Business & Economics
ISBN : 9781136966958

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The Taxation of Petroleum and Minerals by Philip Daniel,Michael Keen,Charles McPherson Pdf

Oil, gas, and mineral deposits are a substantial part of the wealth of many countries, not least in developing and emerging market economies. Harnessing some part of that wealth for fiscal purposes is critical for economic development. This book shows how the harnessing in few areas of economic life are the returns to good policy.

Author : Anonim
Publisher : Unknown
Page : 150 pages
File Size : 41,5 Mb
Release : 2001
Category : Electronic
ISBN : 0878148809

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International Petroleum Fiscal Systems Analysis by Anonim Pdf