International Exploration Economics, Risk, and Contract Analysis

International Exploration Economics, Risk, and Contract Analysis

By: Daniel Johnston (author)Hardback

1 - 2 weeks availability


This book is written by Daniel Johnston. 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, and, economic, financial and accounting aspects of: production sharing contracts, and royalty/tax systems."International Exploration Economics, Risk, and Contracts 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. It is a collection of valuable articles gathered in one book. It is fully updated with detailed examples.

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Exploration economic modeling-"How to" and things to look for; State-of-the-art in petroleum fiscal system analysis; Government take-strengths and weaknesses; Detailed explanation of effective royalty rate, savings index, and entitlement index; Alignment of interests between governments and oil companies; Booking barrels; Insights into the competitive bidding dilemma; Value of reserves in the ground; Gas development options; Summary and analysis of example fiscal systems; Detailed glossary; Index.

Product Details

  • publication date: 15/04/2003
  • ISBN13: 9780878148875
  • Format: Hardback
  • Number Of Pages: 479
  • ID: 9780878148875
  • weight: 680
  • ISBN10: 0878148876

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