Petroleum Taxation: Sharing the Oil Wealth: A Study of Petroleum Taxation Yesterday, Today and Tomorrow Book

List of variables

List of figures

List of tables

1 Petroleum taxation: art and science 1

2 The taxation of oil: theoretical background 5

3 Comparing fiscal regime 30

4 The UK petroleum fiscal regime 50

5 The economics of petroleum projects 70

6 Regimes and outcomes 93

7 Other financial evaluation techniques 116

8 Sharing the oil wealth: the political and social contexts 149

9 Sharing the wealth: the way forward 159

Appendix A Example of post tax NCF of an oilfield under a concessionary regime 178

Appendix B Example of tax take computation in the UKCS 180

Appendix C International comparison 192

Appendix D NPV [pound]M under different tax scenarios using low oil price 212

Appendix E Oil price model 224

Appendix F The Black-Scholes model 226

Appendix G DCF versus MAP results 230

References 233

Index 247