Advertisement
| production sharing agreements an economic analysis: Production-sharing Agreements Kirsten Bindemann, 1999 |
| production sharing agreements an economic analysis: Advances in raw material industries for sustainable development goals Vladimir Litvinenko, 2020-12-30 Advances in Raw Material Industries for Sustainable Development Goals presents the results of joint scientific research conducted in the context of the Russian-German Raw Materials Forum. Today Russia and Germany are exploring various forms of cooperation in the field of mining, geology, mineralogy, mechanical engineering and energy. Russia and Germany are equally interested in expanding cooperation and modernizing the economy in terms of sustainable development. The main theme of this article collection is connected with existing business ventures and ideas from both Russia and Germany. In this book the authors regard complex processes in mining industry from various points of view, including: - modern technologies in prospecting, exploration and development of mineral resources - progressive methods of natural and industrial mineral raw materials processing - energy technologies and digital technologies for sustainable development - cutting-edge technologies and innovations in the oil and gas industry. Working with young researchers, supporting their individual professional development and creating conditions for their mobility and scientific cooperation are essential parts of Russian-German Raw Materials Forum founded in Dresden 13 years ago. This collection represents both willingness of young researchers to be involved in large-scale international projects like Russian-German Raw Material Forum and the results of their long and thorough work in the promising areas of cooperation between Russia and Germany. |
| production sharing agreements an economic analysis: Fiscal Systems for Hydrocarbons Silvana Tordo, 2007-01-01 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. |
| production sharing agreements an economic analysis: Economic Analysis of Oil and Gas Engineering Operations Hussein K. Abdel-Aal, 2021-02-25 Engineers seek solutions to problems, and the economic viability of each potential solution is normally considered along with the technical merits. This is typically true for the petroleum sector, which includes the global processes of exploration, production, refining, and transportation. Decisions on an investment in any oil or gas field development are made on the basis of its value, which is judged by a combination of a number of economic indicators. Economic Analysis of Oil and Gas Engineering Operations focuses on economic treatment of petroleum engineering operations and serves as a helpful resource for making practical and profitable decisions in oil and gas field development. Reflects major changes over the past decade or so in the oil and gas industry Provides thorough coverage of the use of economic analysis techniques in decision-making in petroleum-related projects Features real-world cases and applications of economic analysis of various engineering problems encountered in petroleum operations Includes principles applicable to other engineering disciplines This work will be of value to practicing engineers and industry professionals, managers, and executives working in the petroleum industry who have the responsibility of planning and decision-making, as well as advanced students in petroleum and chemical engineering studying engineering economics, petroleum economics and policy, project evaluation, and plant design. |
| production sharing agreements an economic analysis: Putting a Price on Energy , 2007 |
| production sharing agreements an economic analysis: Production Sharing United States International Trade Commission, 1994 |
| production sharing agreements an economic analysis: Production Sharing Agreements , 2022-01-15 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 an economic analysis: The Law and Economics of Framework Agreements Gian Luigi Albano, Caroline Nicholas, 2016-04-28 This book addresses the increasing demand for a logical understanding of how framework agreement should be used and implemented. |
| production sharing agreements an economic analysis: The New Economy of Oil Norman Selley, 2013-11-05 'The global oil industry is an exceptionally complex one, and its importance to governments, business and society as a whole is immense...The New Economy of Oil aims to set out the challenges and choices ahead, and it makes a fascinating read.' Business News 'John Mitchell, in this excellent book, is looking at the new elements which may influence, or indeed determine, the shape of the oil industry, the behaviour of the main actors, the forces of supply and demand, and the price path.' From the Foreword by Robert Mabro, Director, Oxford Institute for Energy Studies 'The New Economy of Oil is a superior, state-of-the-art tour of a conventional scenario about the near future of the world's oil and oil economy and polity.' Society and Natural Resources In a world where international accountability is increasingly important, the oil industry faces an unprecedented series of challenges. Mitchell's main theme is that the acceptability of oil is becoming more important than its availability. The implications are enormous, given the huge current dependence on oil of so much industry and government revenue. This book is of importance to all those involved with oil - from industry professionals to competitors, commentators, investors, managers, politicians and regulators. |
| production sharing agreements an economic analysis: A Review of the Legal Framework on Production Sharing Agreements in the Oil and Gas Industry. The Ugandan Case Study Kefah Tumusiime, 2021-02-27 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. |
| production sharing agreements an economic analysis: Economic Analysis of Property Rights Yoram Barzel, 1997-04-13 This is a study of the way individuals organise the use of resources in order to maximise the value of their economic rights over these resources. |
| production sharing agreements an economic analysis: Fiscal Regimes for Extractive Industries—Design and Implementation International Monetary Fund. Fiscal Affairs Dept., 2012-08-16 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 |
| production sharing agreements an economic analysis: The Natural Resources Trap Federico Sturzenegger, 2010 This book is important and timely, bringing together some of the world's leading economists. The theory chapters provide new insights and apply new developments in contract theory to the problems of natural resources and credible host country policies. The case studies provide up-to-date illustrations of the difficulties and development of host country policy in Latin America and the UK. Roderick Duncan, Charles Sturt University, Australia This book is likely to become a standard reference in the area of natural resources and credible host country policies-coming, as it does, with a solid grounding in modern economic theory. Tim Worrall, University of Manchester Volatility in commodity prices has been accompanied by perpetual renegotiation of contracts between private investors in natural resource production and the governments of states with mineral and energy wealth. When prices skyrocket, governments want a larger share of revenues, sometimes to the point of nationalization or expropriation; when prices fall, larger state participation becomes a burden and the private sectoris called back in. Recent and newsworthy changes in the price of oil (which fell from an all-time high of $147 in mid-2008 to $40 by year's end) are notable for their speed and the steepness of their rise and fall, but the up-and-down pattern itself is not unusual. If the unpredictability of commodity prices is so predictable, why do contracts not allow for this with mechanisms that would provide a more stable commercial framework? In The Natural Resources Trap, top scholars address this guestion in terms of both theory and practice. Theoretical contributions range across a number of fields, from contract theory to public finance, and treat topics that include taxation, royalties, and expropriation cycles. Case studies examine experiences in the U.K., Bolivia, Argentina, Venezuela, and other parts of the world. --Book Jacket. |
| production sharing agreements an economic analysis: Natural Resource Investment and Africa's Development Francis N. Botchway, 2011-01-01 'This book makes a significant contribution to the literature on natural resource law and governance by engaging specifically with the issues arising in the African region. It covers a wide spectrum of issues that are key to the sustainable use of natural resources in the region, thus making it an important resource for anyone interested in natural resource governance and economic development in the African region.' – Philippe Cullet, University of London, UK This well-researched book covers a wide spectrum of important issues that are central to investment in natural resources and ultimately, economic development of Africa. Francis Botchway and the expert contributors analyse the relationships between good governance and resource management, as well as the existing commercial and financial agreements. The environmental implication of resource exploitation and the international dimensions of the industry are also explored in this insightful study. Each comprehensive and concise contribution highlights the importance of transparency and equity in investment and management of natural resources. Natural Resource Investment and Africa's Development is essential material for scholars and students of development, environmental law, international economic law and dispute resolution, as well as any international investor in natural resources. |
| production sharing agreements an economic analysis: Offshore Energy Law Ignacio Herrera Anchustegui, Madeline Taylor, Eduardo G Pereira, Eddy Wifa, 2025-05-29 This book examines the regulatory, environmental, financial, socio-legal, and safety aspects that shape offshore energy infrastructure projects and their operation. The marine environment holds vast resources to provide energy solutions for humankind. The sustainable development of such offshore energy resources is one of the most pressing challenges posed by the energy transition. Whereas offshore hydrocarbons have been explored and extracted for more than a century, the offshore renewable industry is rapidly expanding, with lawmakers increasingly looking to the oceans for significant energy development. Offshore spaces now amalgamate mature and emerging energy industries, creating a pressing need to identify synergies and regulatory challenges. However, and despite the pivotal role offshore energy is to play in the future, the interaction, synergies and conflicts arising between these regulatory, socio-legal, environmental and financial dimensions of offshore energy are often not discussed within the energy law scholarship. This book aims to fill this evident gap in existing energy law research to distil critical legal lessons from traditional offshore energy sectors to encourage best practice regulation of offshore energy net zero industries. Offshore Energy Law provides a functional analysis that covers the life cycle of offshore energy developments, including renewable and hydrocarbons, within the broader context of the energy crisis and energy transition debates. Written and edited by leading global offshore energy experts, the book brings together a global and sectoral comparative perspective to central offshore energy topics such as licensing, socio-legal challenges and opportunities, safety and ecological governance, and the use of marine/maritime spatial planning. |
| production sharing agreements an economic analysis: Risk Allocation and Distributive Justice in the Energy Industry Smith I Azubuike, 2024-09-30 Brings the concept of gross negligence to the fore and highlights how distributive justice forms a better foundation for risk allocation in the offshore energy industry Assessed the practice of risk allocation in gross negligence cases in offshore petroleum drilling contracts Presented a public policy perspective on risk allocation in offshore drilling contracts Discussed gross negligence as a sui generis risk and provides a definitional pathway for determining when gross negligence has occurred and how it should apply to offshore energy drilling contracts to encourage a pollution-free drilling operation Advanced the concept of distributive justice as a basis for risk allocation between participants when a downside arises due to gross negligence This book examines the practice of risk allocation in the offshore energy industry through the public policy lens and offers a novel perspective on the concept of gross negligence in risk allocation. This perspective is founded on the proportionality element of distributive justice in burden distribution. The assessment of how mutual indemnity clauses apply as an absolute shield against liability arising from gross negligence reveals that moral hazard can result from the practice. In the analysis, this book considers the risk allocation practice in PSC and Concession regimes and how parties' liability is determined in drilling contracts. This book considers gross negligence a sui generis risk and provides a definitional pathway for determining when gross negligence occurs and how it should apply to offshore drilling contracts. Thus, it advances an environmental sustainability approach to offshore petroleum drilling operations. This book will be useful to operators and contractors, resource-rich countries, insurance companies, practitioners, scholars, and academics interested in risk allocation in the petroleum industry. |
| production sharing agreements an economic analysis: International Energy Investment Law Mustafa Erkan, 2011-01-01 Presents the results of a questionnaire-based survey circulated to the main players in the petroleum sector, revealing actual existing contractual risk management techniques and showing a true picture of the political risk situation in the petroleum sector--P. [4] of cover. |
| production sharing agreements an economic analysis: The Development of Iran’s Upstream Oil and Gas Industry Mahmoud Fard Kardel, 2019-09-12 This book critically examines different forms of petroleum contracts, the historical perspective of the oil and gas industry and the political economy of the petroleum development in Iran. In doing this, the author provides analysis of the concept of concession in oil and gas development. This is discussed through the main forms of concession contracts; namely, the classic concession contract (CCC) and the new concession contract (NCC). The book ties together much of the existing work on the history of oil and gas regulation in Iran and builds on that foundation to propose a coherent and balanced approach within the framework of the NCC. To consider the role of the NCC in developing national upstream oil and gas industry, comparative examples are drawn from countries currently using, or having previously used, NCC oil and gas contracts. The selected developed and developing countries are Brazil, Thailand, the United Kingdom, Australia and Norway. The analysis considers the extent to which the NCC has served to advance the objectives and national interests of the national governments in this industry. The book involves a comparative exploration of the utilisation of NCCs in other jurisdictions and synthesises a framework through which Iran may develop its underutilised oil and gas resources. Of interest to academics, students and practitioners throughout the world, this book focuses on the relevant aspects of Iran’s Constitution and natural resource laws and makes recommendations for law reform to Iran’s legal frameworks. |
| production sharing agreements an economic analysis: Handbook on Oil and International Relations Dannreuther, Roland, Ostrowski, Wojciech, 2022-08-16 This Handbook provides an in-depth analysis of the multiple ways in which oil has shaped, changed and affected international relations and global politics. Theoretically innovative, it provides new insights into the interaction between the materiality of oil and its social, economic and political manifestations. |
| production sharing agreements an economic analysis: Africa Arise Dr. Isaac Yak R. Tutdel, 2021-10-28 The continent of Africa is endowed with natural resources in each country. Tapping into these resources provides a great opportunity for African countries to grow and develop. However, this vast wealth of resources cannot be tapped by the African countries because of a lack of capacity and Funds. Oil producing countries in Africa heavily rely on the expertise and resources of Foreign Oil companies to help them exploit the oil. The foreign Oil companies signed contracts with the unsuspecting African countries to help them benefits from their resources. Those contracts are not the same that are signed internationally. They are steeped towards the benefit of the foreign oil companies. This book examines what went wrong and suggest some remedies to maximize the benefits of those national natural resources. Examples are drawn from the study conducted in the Republic of South Sudan’s oil sector. |
| production sharing agreements an economic analysis: International Handbook of Network Industries Matthias Finger, R. W. K_nneke, 2011 'To learn about how economic and institutional forces have shaped the network industries and policies towards them, read the first part of the book. To discover their impacts on particular industries, read the second part. And to find out what has happened in particular countries, read the third part. I think anyone interested in network industries should read all of it! The book's structure allows for many interesting comparisons across countries and sectors.' Richard Green, University of Birmingham, UK 'This is a very useful and comprehensive guide to reforms in network industries in communications, energy, transport and water. It is organized by generic topic, sector and region. Its authors are acknowledged experts. I am confident that this Handbook will be a widely read and valuable resource for many years.' Martin Cave, London School of Economics, UK 'Quite an accomplishment, this Handbook provides by far the most comprehensive overview of the role of the private sector and competition in infrastructure industries, with thoughtful surveys of each of the major infrastructure sectors and of the key regions and countries.' José Gómez-Ibáñez, Harvard University, US In recent decades, all infrastructures have undergone significant restructuring. This worldwide phenomenon is often labelled 'liberalization' and although expectations were high with respect to lower prices, greater efficiency and innovation, the expected gains have not always been fully realized. This extensive, state-of-the-art Handbook provides a comprehensive overview of the various experiences of liberalization across different sectors, regions and disciplines. The multidisciplinary approach focuses on the economic, political and institutional aspects of liberalization as well as, to a lesser extent, on technological issues. As such, it constitutes a unique contribution, as this broad overview is often lost in the sector specific, country-focused and purely disciplinary approaches prevalent in the current literature. Sectors explored include telecoms, the Internet, energy and transport, whilst the truly global perspective incorporates unique case studies from an array of developed and developing countries including the US, China, India and the EU. The International Handbook of Network Industries will become the definitive volume for academics researchers and students of economics, political science and law interested in infrastructure regulation. It will also prove a valuable guide to practitioners and policy-makers involved in liberalization and competition. |
| production sharing agreements an economic analysis: Extractives Industry Law in Africa Damilola S. Olawuyi, 2018-09-11 The book provides a systematic examination of the legal, fiscal and institutional frameworks for the commercial development of petroleum and solid mineral resources in Africa. First, it considers the values, assumptions, and guiding principles underpinning legislation and governance in Africa’s extractive sector. It then provides detailed and comparative evaluations of regulatory frameworks, pricing, local content, procurement, sales, and contractual arrangements across African extractive industries. Further, the book assesses how questions of business and human rights risks, accountability, corporate social responsibility, waste and pollution control, environmental justice, and participatory development have been addressed to date, and how they could be addressed better in the future. Enhancing readers’ understanding of the geography, sources and scope of extractive resources in Africa, the book explains how corporations can effectively identify, mitigate and prevent legal and business risks when investing in African extractive industries. Lastly, it discusses the innovative legal strategies and tools needed to achieve a sustainable and rights-based extractive industry.Written in a user-friendly style, the book offers a valuable resource for corporations, investors, environmental and human rights administrators, advocates, policymakers, judges, international negotiators, government officials and consultants who advise on, or are interested in, petroleum and solid mineral investments in Africa. It also offers students and researchers an authoritative guidebook to the current state of extractive industry laws and institutions in Africa. Numerous examples of how international legal norms could be used to help revitalize the underlying legal and fiscal regimes in African extractive industries – to make them more robust, accountable, sustainable and rights-based – round out the coverage |
| production sharing agreements an economic analysis: Rising States, Rising Institutions Alan S. Alexandroff, Andrew F. Cooper, 2010-04-01 A Brookings Institution Press and Centre for International Governance Innovation publication The global order is shifting. Even though no major war has intervened to reshape the architecture of the international order, the global financial crisis has accentuated the emergence of an enlarged global leadership. It is clear that change is afoot. The United States may be hanging on as the world's leading power, as the European Union remains an independent force in global politics, but a host of rising states—including China, India, and Brazil—clamor to be heard and take on bigger roles in world forums. Rising States, Rising Institutions features a panel of distinguished scholars who examine the forces at work: Gregory Chin (York University), Daniel W. Drezner(Tufts University), Thomas Hale (Princeton University), Andrew Hurrell (Oxford University), G. John Ikenberry (Princeton University), John Kirton (University of Toronto), Flynt Leverett (New America Foundation), Steven E. Miller (Harvard University), Andrew Moravcsik (Princeton University), Amrita Narlikar (Cambridge University), and Anne-Marie Slaughter (U.S. State Department). Together they analyze different models of international cooperation, the states that have most actively challenged the existing order, and leading and emergent international institutions such as the G-20, the nascent regime for sovereign wealth funds, the International Atomic Energy Agency, and the entities organized to foster cooperation in the war on terror. |
| production sharing agreements an economic analysis: Host Government Agreements and the Law in the Energy Sector Hakan Sahin, 2018-12-12 The energy industry is a key source of growth stimulation for developing states. Understandably, developing states are eager to enter into petroleum investment contracts with international investors, with the expectation that this will benefit their countries. The domestic law of some developing states provides a welcoming investment environment in the form of guarantees and stability, while other states provide these opportunities by agreeing to investment contracts or treaties drafted by international organisations established to facilitate such agreements. This book identifies the political risks, particularly of indirect expropriation, that arise from the unilateral actions of host governments during the lifespan of energy investment projects. Focusing on stabilisation clauses as a political risk management tool, this research-based study draws on comparative empirical evidence from Turkey and Azerbaijan to determine what influences host states to consent to the insertion of stabilisation clauses in long-term host government agreements. Proposing a framework for the role to be played by both internal forces and external forces, it examines political regimes and state guarantees to foreign investors in Azerbaijan and Turkey from a comparative perspective, assessing how effective internal factors in Azerbaijan and Turkey are in facilitating contractual stability in their energy investment projects. Providing a comprehensive analysis of stabilisation clauses and the internal and external factors that compel host states to commit to them, this book will appeal to practitioners, students and scholars in international investment law and energy law. |
| production sharing agreements an economic analysis: Energy Law and the Sustainable Development Goals Eduardo G Pereira, Thomas L Muinzer, Patrick R Baker, 2024-05-07 The UN Sustainable Development Goals are an ambitious agenda for environmental sustainability, economic development, and social transformation. The SDGs include targets for governments, in partnership with private industry and communities, to improve access to affordable and reliable energy, reduce inequality, protect natural resources, and invest in transparent legal institutions and resilient infrastructure. Although transitioning energy systems towards a low-carbon future is a core aspect of the SDGs, the International Energy Agency anticipates that oil and gas will remain a significant component of the global energy mix for some time. Host Government Instruments are tools which governments use to grant oil and gas companies permission to develop state-owned resources. In addition to bringing substantial resources into governments, these HGIs often also include environmental commitments as well as commitments to local hiring, stakeholder engagement, and investment in economic development programmes. The different structures of HGIs and their precise terms and conditions are crucial determinants of the sustainability of oil and gas operations conducted thereunder. This book addresses how governments can use HGIs to advance the SDGs. Part I introduces the SDGs and the legal institutions and governance related to HGIs, including in relation to international energy development, international environmental treaties, the Paris Agreement, and human rights regimes. Part II examines specific provisions within HGIs and regulatory systems which relate to the oil and gas sector and SDGs. It provides case studies to illustrate approaches to HGIs and to identify opportunities for host governments and international oil and gas companies to advance the SDGs. The book concludes with a summary of recommendations regarding how host governments, in partnership with the oil and gas industry, can use HGIs to advance economic development and sustainability goals, and advances potential insights towards development of new and renewable resources. |
| production sharing agreements an economic analysis: The Economics of Oil and Gas Xiaoyi Mu, 2020 This book examines the economics of the entire value chain of the oil and gas industry, from exploration, development, and production, to transportation, refining, and marketing. At each stage, the key economic costs, considerations, and appropriate business strategies are explored. |
| production sharing agreements an economic analysis: Advanced Reservoir Management and Engineering Tarek Ahmed, Nathan Meehan, 2011-09-22 Reservoir management is concerned with the geoscience and reservoir/production engineering required to plan and optimize the development of discovered or producing oil and gas assets. One of the only books to cover both management and engineering issues, Advanced Reservoir Management and Engineering is redesigned to be the only book you need throughout your career. Written by two of the industry's best-known and well respected reservoir engineers and managers, this new edition offers readers a complete guide for formulating workflow solutions on a day to day bases. Authoritative in its approach, the book begins with the theory and practice of transient flow analysis and offers a brief but thorough hands-on guide to gas and oil well testing. Chapter two documents water influx models and their practical applications in conducting comprehensive field studies, widely used throughout the industry. Essential topics such as Type-Curve Analysis, unconventional gas reservoirs, and gas hydrates are also covered. The book moves on to provide a clear exposition of key economic and financial management methods for evaluation criteria and cash flow analysis, analysis of fixed capital investments and advanced evaluation approaches. This is followed by a frank discussion of advanced evaluation approaches such as integration of decision analysis and professional ethics. Readers will find the website a valuable guide for enhancing their understanding of different techniques used for predicting reservoir performance and cost. The website will also include information such as properties, tables and simple calculations. This combination book and website arrangement will prove particularly useful to new professionals interested in increasing their skills or more experienced professional wishing to increase their knowledge of current industry best practices. The 2nd Edition of the book includes 3 new management chapters, representing a 30% increase over the previous edition. The new subjects include step by step approach to cash flow analysis, analysis of fixed capital investments, cash flow consequences, maintenance as well as a detailed approach to managing working capital. This is followed by a clear exposition of advanced evaluation approaches such as integration of decision analysis and economic evaluation and professional ethics. - Maximize cash flow, subject to capital and operating budget - Deliver new high-quality investment opportunities to management - Effectively manage the development of oil and gas assets - Maximize the benefit to the legitimate stakeholders |
| production sharing agreements an economic analysis: Global Resources R. Dannreuther, W. Ostrowski, 2013-05-30 This EU-funded project examines the dynamics of conflict, collaboration and competition in relation to access to oil, gas and minerals. It involves 12 different institutions from across the EU and examines oil, gas and other minerals - spanning geology, technology studies, sociology, economics and political science. |
| production sharing agreements an economic analysis: Trends in Emerging Markets Finance, Institutions and Money Duc Khuong Nguyen , Stéphane Goutte, 2020-12-02 Since the waves of financial liberalization in the 1980s, emerging market economies have been accessible to foreign investors. Altogether, they contributed up to 43.8% of the global GDP in 2018, and many of them, such as China, India, Bangladesh, Philippines, Myanmar and Vietnam from 2010 to 2019, are among the fastest-growing economies in the world. Given the high economic growth, the assets issued by companies in emerging markets are viewed as a new set of investment opportunities for global investors and fund managers who seek to improve the risk-adjusted performance of their portfolios. In addition to their risky profile due to the lack of transparency as well as stable and matured institutions, their recent development path faces a number of challenges arising not only from the slow pace of economic reforms but also from their increased integration with the world. Geopolitical risks, the US–China trade wars, and rising policy uncertainty around the world are expected to reduce their growth potential and performance. This Special Issue dedicates special attention to the current dynamics of emerging financial markets, as well as their perspectives of development as a key driver for sustainable firms and economies. Accordingly, the focus is particularly placed on market integration and interdependence, valuations and risk management practices, and the financing means for inclusive growth. |
| production sharing agreements an economic analysis: The Politics and Institutions of Global Energy Governance Thijs Van de Graaf, 2013-10-04 From climate change over shale gas to the race for the Arctic, energy makes headlines in international politics almost daily. Thijs Van de Graaf argues that energy is in dire need of global governance. He traces the history of international energy cooperation from the notorious 'Seven Sisters' oil-companies cartel to the recent creation of the International Renewable Energy Agency (IRENA). He analyses how international institutions have been created for securing oil rents, coordinating consumer-countries' energy security policies, promoting producer-consumer dialogue, managing regional gas markets, and dealing with energy-related environmental externalities. Drawing on the emerging regime complexity literature, he constructs a novel analytical framework to explain the fragmented architecture of global energy governance, and studies prospects for institutional reform at the International Energy Agency (IEA) and the G8/G20. |
| production sharing agreements an economic analysis: Principles of International Energy Transition Law Frédéric G. Sourgens, Leonardo Sempertegui, 2023-10-04 Energy transition is a complex global problem, with governance and policies cutting across multiple legal silos including human rights, environment, international economics, finance, energy, law of the sea, and transnational commerce. As of yet, there is no comprehensive treatment of the legal principles governing energy transition as a whole. Furthermore, energy transition must solve a trilemma that pits energy equity (the need to provide access to energy needed to fuel human development) and energy security (the need to provide resilient and reliable energy systems) against environmental sustainability. Without a comprehensive understanding of these issues, law and policy-makers risk exacerbating rather than resolving the underlying problems. Principles of International Energy Transition Law introduces the energy transition problem by situating the climate emergency in its broader energy and development context, showing how global energy value chains are deeply enmeshed in and drive global economic and human development. It combines the different legal perspectives in one consistent analysis by outlining their interactions and showing how they can be reconciled. The book discusses thirty-two international legal principles governing different aspects of the energy transition trilemma's three parts. It then uses a commons governance perspective to propose a holistic approach to applying and balancing these different parts and their different legal principles. Highlighted sections summarise the most important concepts and ideas for easy reference, making the title particularly accessible for students and policy-makers as well as law practitioners. |
| production sharing agreements an economic analysis: Handbook of Governance and Security James Sperling, 2014-08-29 The Handbook is divided into four sections which examine, in turn: the emergence, evolution, and forms of security governance, as well as the theoretical orientations that have so far dominated the literature (networks, multilateralism, regimes, and sy |
| production sharing agreements an economic analysis: Energy Abstracts for Policy Analysis , 1976 |
| production sharing agreements an economic analysis: Proceedings of the International Field Exploration and Development Conference 2019 Jia'en Lin, 2020-07-11 This book gathers selected papers from the 8th International Field Exploration and Development Conference (IFEDC 2019) and addresses a broad range of topics, including: Low Permeability Reservoir, Unconventional Tight & Shale Oil Reservoir, Unconventional Heavy Oil and Coal Bed Gas, Digital and Intelligent Oilfield, Reservoir Dynamic Analysis, Oil and Gas Reservoir Surveillance and Management, Oil and Gas Reservoir Evaluation and Modeling, Drilling and Production Operation, Enhancement of Recovery, Oil and Gas Reservoir Exploration. The conference not only provided a platform to exchange experiences, but also promoted the advancement of scientific research in oil & gas exploration and production. The book is chiefly intended for industry experts, professors, researchers, senior engineers, and enterprise managers. |
| production sharing agreements an economic analysis: Ethiopian Yearbook of International Law 2018 Zeray Yihdego, Melaku Geboye Desta, Martha Belete Hailu, 2019-09-25 EtYIL 2018 comes at a time when multilateralism and its underpinning norms of international law and institutions are under siege. At the same time, in 2018, Africa stood out for upholding multilateralism and international law. From the adoption of the Agreement establishing the African Continental Free Trade Area to the signing of peace agreements that brought to an end two decades of hostilities between Eritrea and Ethiopia, 2018 was indeed a remarkable year for international law in Africa. EtYIL 2018 covers some of these issues, including the Eritrea-Ethiopia Claims Commission decisions on jus ad bellum, jus in bello, evidentiary and procedural matters and the role of arbitration in upholding the international rule of law. Such new developments as the lifting of UN sanctions against Eritrea and the agreements signed between Eritrea and Ethiopia are also covered in this volume. The volume further devotes considerable attention to other legal issues including: the use and misuse of European patent law to the detriment of developing countries’ interests, sharing transboundary resources, production sharing agreements on extractives , evolving rules governing economic relations between Africa and the European Union in the context of Brexit, contract-farming in the African cocoa and chocolate industry, the International Criminal Court and human rights law, and cyber-attacks and the role of international law in tackling them. These chapters, authored by experts from Africa, Asia, Europe and North America not only bring new and diverse voices to the international law discourse; they also contribute to EtYIL’s overarching goal of contributing to the effort to rebalance the narrative of international law. |
| production sharing agreements an economic analysis: Addicted to Oil Ian Rutledge, 2005-02-25 It has long been acknowledged that in America the car is king. However, America's car-orientated and car-dependent lifestyle goes beyond the culture of fast cars and freeways. In Addicted to Oil, Ian Rutledge explores the political, economic and social ramifications of the motorisation of the US economy. He argues that America's dependence on the car has created a lifestyle leading to oil needs which have heavily influenced US foreign policy in the modern era. Rutledge traces the origins of America's addiction throughout the twentieth century and explains how America's relations with the Middle East were developed through its quest for energy security. America's motorisation and its consequent demand for oil at predictable market prices was and continues to be an important influence on US policy towards Iraq – especially given the uncertainties relating to what has so far been the securest source of Middle East oil – Saudi Arabia. Ian Rutledge argues that the war in Iraq was neither a war for 'freedom' or 'democracy' nor was it a plot to 'steal Iraq's oil', but rather an attempt to establish a pliant and dependable oil protectorate in the Middle East which would underwrite the soaring demand from America's hyper-motorised consumers. Addicted to Oil is the first book to undertake an in-depth analysis of the motorisation of US society which explicitly links it to America's foreign policy adventures, past and present. Addicted to Oil is essential reading for an understanding of America's international political priorities and its fraught relations with the Middle East. |
| production sharing agreements an economic analysis: International Energy Investment Law Hamid R. Younesi, 2024-11-08 This book analyses relational contract theory within the context of international energy investment agreements. Putting forth an exhaustive assessment of the field, the book provides a pragmatic resolution to the challenges inherent in the relationship between host states and foreign investors. Addressing critical queries confronting legal practitioners, arbitrators, judges, and scholars grappling with contractual imbalances, including the looming threat of expropriation, the book offers comprehensive insights. Balancing the interests of both host states and investors, the volume discusses global case studies which have proven to be efficacious and proposes a solution grounded in existing legal doctrines and practices. The book will be of interest to researchers in the field of energy law, international investment law, and contract theory and law. |
| production sharing agreements an economic analysis: Engineering Economy in Upstream Oil & Gas Field Development Menglan Duan, Mac Darlington Uche ONUOHA, 2021-02-09T00:00:00+01:00 The business of upstream oil and gas industry is a complex process that involves multidisciplinary participation. Producing crude oil and natural gas from the subsurface reservoir rocks to the point of the selling terminal requires stage by stage processes that costs several hundreds of millions of dollars to the operating companies. Because of the capital intensive nature of upstream investments, every required process is challenged of its economic impact or benefits it will have on the project’s net present value (NPV). The techniques applied in determining the economics of these processes and their selection criteria are addressed in the book. This book guides the reader through these strategic processes, and presents the participants involved in the business of upstream oil and gas prospecting and the conditions that dictate the field development and investment decisions by investors. It also reveals the shared interests and relationships that exist between international oil companies (IOCs) and national oil companies (NOCs) in the exploration and exploitation of their hydrocarbon resources and reserves. This text will serve the purpose of teaching and learning to those in the energy and financial sectors, as the methods, tools, and techniques discussed throughout the chapters will equip students, tutors, experts, and professionals with the necessary skills and knowledge of Exploration and Production (E&P) projects and energy financing and investment. The principles of project management as it applies in upstream oil/gas projects are discussed as well. And the criteria for project ranking, selection, and budgeting which are sine qua non to project financing and execution are well documented in this book. |
| production sharing agreements an economic analysis: Technical Guidance for Petroleum Exploration and Production Plans Tarek Al-Arbi Omar Ganat, 2020-03-31 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. |
PRODUCTION Definition & Meaning - Merriam-Webster
The meaning of PRODUCTION is something produced : product. How to use production in a sentence.
PRODUCTION | definition in the Cambridge English Dictionary
PRODUCTION meaning: 1. the process of making or growing goods to be sold: 2. the amount of something that is made or…. Learn more.
Production - Definition, Meaning & Synonyms - Vocabulary.com
Production is the process of goods being made or manufactured. If people like the cupcakes you sell about school events, you might have to increase production by baking in both your kitchen …
PRODUCTION definition and meaning | Collins English Dictionary
Production is the process of making or growing something in large amounts, or the amount of goods that you make or grow. This car went into production last year. The factory has shown …
What is Production? 4 types of production, Factors of production ...
May 6, 2020 · What is Production? Production is a process of value addition, which is developed to transform a set of input elements like man, raw material, capital, energy, information into …
What is Production? Meaning, Types, Examples, Theory - Study …
Apr 12, 2022 · Production is the process of making or manufacturing goods and products from raw materials or components. In other words, production takes inputs and uses them to create …
Production - definition of production by The Free Dictionary
The act or process of producing: timber used for the production of lumber and paper. b. The fact or process of being produced: a movie going into production. 2. The creation of value or …
Production - Wikipedia
Production, the act or role of assembling, crafting, creating, or presenting, a work of art, or the work of art itself.
What does Production mean? - Definitions.net
Production is the process of creating, manufacturing, or growing goods or services through combining various resources. It involves using labor, raw materials, and technology to …
What is Production? - Definition | Meaning | Example - My …
Definition: Production is the method of turning raw materials or inputs into finished goods or products in a manufacturing process. In other words, it means the creation of something from …
PRODUCTION Definition & Meaning - Merriam-Webster
The meaning of PRODUCTION is something produced : product. How to use production in a sentence.
PRODUCTION | definition in the Cambridge English Dictionary
PRODUCTION meaning: 1. the process of making or growing goods to be sold: 2. the amount of something that is made or…. Learn more.
Production - Definition, Meaning & Synonyms - Vocabulary.com
Production is the process of goods being made or manufactured. If people like the cupcakes you sell about school events, you might have to increase production by baking in both your kitchen …
PRODUCTION definition and meaning | Collins English Dictionary
Production is the process of making or growing something in large amounts, or the amount of goods that you make or grow. This car went into production last year. The factory has shown …
What is Production? 4 types of production, Factors of production ...
May 6, 2020 · What is Production? Production is a process of value addition, which is developed to transform a set of input elements like man, raw material, capital, energy, information into …
What is Production? Meaning, Types, Examples, Theory - Study …
Apr 12, 2022 · Production is the process of making or manufacturing goods and products from raw materials or components. In other words, production takes inputs and uses them to create …
Production - definition of production by The Free Dictionary
The act or process of producing: timber used for the production of lumber and paper. b. The fact or process of being produced: a movie going into production. 2. The creation of value or …
Production - Wikipedia
Production, the act or role of assembling, crafting, creating, or presenting, a work of art, or the work of art itself.
What does Production mean? - Definitions.net
Production is the process of creating, manufacturing, or growing goods or services through combining various resources. It involves using labor, raw materials, and technology to …
What is Production? - Definition | Meaning | Example - My …
Definition: Production is the method of turning raw materials or inputs into finished goods or products in a manufacturing process. In other words, it means the creation of something from …
