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Petroleum Exploration and Production Rights: Allocation Strategies and Design Issues Book

Petroleum Exploration and Production Rights: Allocation Strategies and Design Issues
Petroleum Exploration and Production Rights: Allocation Strategies and Design Issues, Many governments rely on oil companies to efficiently exploit natural resources. Governments have the challenging task of deciding which companies should be awarded exclusive rights to explore, develop, and produce their petroleum resources, and on what c, Petroleum Exploration and Production Rights: Allocation Strategies and Design Issues has a rating of 3 stars
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Petroleum Exploration and Production Rights: Allocation Strategies and Design Issues, Many governments rely on oil companies to efficiently exploit natural resources. Governments have the challenging task of deciding which companies should be awarded exclusive rights to explore, develop, and produce their petroleum resources, and on what c, Petroleum Exploration and Production Rights: Allocation Strategies and Design Issues
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  • Petroleum Exploration and Production Rights: Allocation Strategies and Design Issues
  • Written by author Silvana Tordo
  • Published by World Bank Publications, January 2010
  • Many governments rely on oil companies to efficiently exploit natural resources. Governments have the challenging task of deciding which companies should be awarded exclusive rights to explore, develop, and produce their petroleum resources, and on what c
  • The paper analyses the factors that determine the efficiency of allocation systems and their interaction with other policy tools, with particular focus on the design of allocation systems to achieve economic objectives.
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Authors

Acronyms and Abbreviations

1 The Exploration, Development, and Production of Petroleum Resources 1

2 Alternative Approaches to the Granting of Petroleum Exploration, Development, and Production Rights 8

3 The Design of Appropriate Allocation Systems 29

4 Conclusions 48

Appendixes 50

I Life Cycle of a Typical Oil and Gas Project 51

II Main Fiscal Instruments: Advantages and Disadvantages 53

III World Average Fiscal Terms 57

IV Select Countries' Experience 58

V Allocation Systems Design: Example 92

Glossary 94

References 100


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