Production Sharing Agreements

Author : Anonim
Publisher : Unknown
Page : 245 pages
File Size : 41,5 Mb
Release : 2022-01-15
Category : Law
ISBN : 1787426874

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Production Sharing Agreements by Anonim Pdf

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.

Author : Kirsten Bindemann
Publisher : Unknown
Page : 93 pages
File Size : 48,9 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 : Unknown
Page : 266 pages
File Size : 50,7 Mb
Release : 1997
Category : Oil and gas leases
ISBN : OCLC:1059175462

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

Author : Kefah Tumusiime
Publisher : GRIN Verlag
Page : 55 pages
File Size : 54,5 Mb
Release : 2021-04-13
Category : Law
ISBN : 9783346385406

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

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.

Author : King & Spalding
Publisher : Unknown
Page : 413 pages
File Size : 53,9 Mb
Release : 2017
Category : Petroleum industry and trade
ISBN : 1578235073

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Upstream Government Petroleum Contracts by King & Spalding Pdf

Author : Eduardo G. Pereira
Publisher : Unknown
Page : 0 pages
File Size : 45,6 Mb
Release : 2017
Category : Joint ventures
ISBN : 1780684118

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Understanding Joint Operating Agreements by Eduardo G. Pereira Pdf

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.

Author : Muhammed Abed Mazeel
Publisher : diplom.de
Page : 449 pages
File Size : 48,8 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 : Achmad Madjedi Hasan
Publisher : Unknown
Page : 162 pages
File Size : 48,8 Mb
Release : 2005
Category : Contracts
ISBN : UOM:39015064242004

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Pacta Sunt Servanda by Achmad Madjedi Hasan Pdf

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 82 pages
File Size : 40,7 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 : Keith W. Blinn
Publisher : Unknown
Page : 486 pages
File Size : 45,7 Mb
Release : 1986
Category : Concessions
ISBN : STANFORD:36105043912034

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International Petroleum Exploration & Exploitation Agreements by Keith W. Blinn Pdf

Author : Judith Rees,Peter Randon O'Dell
Publisher : Springer
Page : 194 pages
File Size : 40,8 Mb
Release : 1987-06-18
Category : Business & Economics
ISBN : 9781349093403

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International Oil Industry by Judith Rees,Peter Randon O'Dell Pdf

Author : Tengku Nathan Machmud
Publisher : Kluwer Law International B.V.
Page : 264 pages
File Size : 49,8 Mb
Release : 2000-07-12
Category : Business & Economics
ISBN : 9789041113870

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The Indonesian Production Sharing Contract:An Investor's Perspective by Tengku Nathan Machmud Pdf

The model contract for oil and gas development known as the Production Sharing Contract (PSC) originated in Indonesia in 1966 and enjoyed over a decade of successful implementation, with minor adjustments, in several oil-producing countries. In more recent years, however, numerous problems have arisen as changes in economic realities have driven the level of private investment down. This penetrating study, the only one of its kind, uses legal analysis as well as historical data to pinpoint the reasons for the initial success of the PSC and for its subsequent and persistent frustrations for investors. The author first examines the original Indonesian contract, along with the variants adopted in Malaysia and the People's Republic of China, and then proceeds to an in-depth analysis of the main clauses and their amendments and execution in all three countries. Taking into account various commissioned surveys and emerging policies and strategies espoused by both governments and industry representatives, he concludes with a detailed proposal for an overhauled contract that allows for meaningful adjustments, or even renegotiation, when the balance of interests between parties changes substantially. Focusing as it does on some central issues in global economic development, The Indonesian Production Sharing Contract will be of great value to lawyers, multinational corporate executives, and policymakers far beyond the Asia-Pacific region.

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 : 46,7 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 : Bernard Mommer
Publisher : Unknown
Page : 280 pages
File Size : 54,7 Mb
Release : 2002
Category : Business & Economics
ISBN : UCSD:31822031255458

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Global Oil and the Nation State by Bernard Mommer Pdf

This book deals with governance structures in oil: the long-term relationship between the natural resource owners (private or public), investors, and consumers. It thus focuses on the political and institutional dimensions of the economy where economists, and most notably those specialising in energy, have neglected.