TYPES OF FI SCAL REGIME IN HYDROCARBON EXPLORATION AND PRODUCTION
Journal Title: UNKNOWN - Year 2017, Vol 32, Issue 1
Abstract
The choice of the right fi scal regime represents the main object of the energy policy concerning hydrocarbon exploration and production for the state government. For the operator and service companies it represents the terms and conditions for practical conducting of the process in whole. This paper analyse aspects of agreements used in the petroleum indus-try. Elements of agreement, regardless of regime, have been described together with their advantages and disadvantages. Due to the fact that the fi scal regime has to be chosen to attract companies willing to invest in exploration and produc-tion, it represents a relevant part of the business strategy and also a base for the decision making process during start up. It has to minimize the risk for the both parties involved and maximize the state’s share during the exploitation phase. For the companies, it has to be attractive enough to balance risks during the exploration phase with profi ts gained during the exploitation phase. The aim of this paper is to show the existing fi scal systems in the petroleum industry and to analyze the process for concluding a contract regarding the exploration and production of hydrocarbons. An overview of diff er-ent business practices in the oil and gas industry with a detailed breakdown of the contract terms between the parties involved have been described in the paper. The aim of this paper is to show the diff erent possibilities of fi nancial regimes which could help during the negotiation process for conducting hydrocarbon exploration and production for everyone involved.
Authors and Affiliations
Daria Karasalihović-Sedlar, Goran Barbir, Vladislav Brkić
Keywords
Related Articles
- EP ID EP30135
- DOI 10.17794/rgn.2017.1.6
- Views 206
- Downloads 5
GEOMAGNETSKA ISTRAŽIVANJA LEŽIŠTA GRAĐEVINSKIH MATERIJALA
Prikazani su karakteristični primjeri magnetskih istraživanja stijena koje se koriste kao građevinski materijali. Izvedeni su i zaključci o mogućnostima primjene magnetske metode. Istraživanja ovom metodom su vrlo brza i...
ORGANISATIONAL-TECHNOLOGICAL CHARACTERISTICS OF BLASTING WORKS ON THE GRIČ TUNNEL
The paper describes organisational-technological characteristics of blasting works during the excavation of the Grič Tunnel. The significance of blasting works during the excavation of the tunnel is shown through adjustm...
Engineering Geological Research of Flysch in the Eastern Housing Developments in Split
This paper present the results of engineering geological research carried out for the construction in the eocene flysch layer of the housing settlements in the eastern part of Split, Yugoslavia. They are marked on the ba...
LEŽIŠTA ARHITEKTONSKOG KAMENA U HRVATSKOJ
Opisani su geologija, petrografski sastav i svojstva ležišta arhitektonskog kamena u Hrvatskoj. Ležišta arhitektonskog kamena razmatrana su prema koncepciji mobilističkog pogleda na genezu i građu Dinarida, kao i prema s...
NEMETALNE MINERALNE SIROVINE HRVATSKE
Nemetalne mineralne sirovine su znatno prirodno bogatstvo Hrvatske koje, u suporedbi s razvijenim svijetom, nije dovoljno iskorišteno. Gospodarski potencijal Hrvatske za 12 nemetalnih mineralnih sirovina neograničenih re...