دانلود کتاب Petroleum Exploration and Production Rights: Allocation Strategies and Design Issues

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Contents......Page 4
Acknowledgments......Page 7
Acronyms and Abbreviations......Page 8
Executive Summary......Page 10
Uncertainty and Risk: Key Elements of Petroleum Exploration, Development, and Production......Page 16
The Decision to Explore for Petroleum Resources......Page 17
Exploration and Inter-Generational Equity......Page 18
Exploration and the Maximization of the Resource Rent......Page 19
Who Carries the Risk of Exploration?......Page 20
Legal Regimes for Petroleum E&P......Page 23
Concessions......Page 24
Fiscal Regimes for Petroleum E&P......Page 25
Table 2.1. Objectives of Fiscal Systems......Page 26
The Allocation of Petroleum E&P Rights......Page 27
Licensing Rounds......Page 29
Biddable or Negotiable Factors......Page 32
Some Countries’ Experience......Page 35
Allocation System Objectives......Page 44
Figure 3.1. Allocation Policy Flow Chart......Page 45
Selecting the Most Efficient Operator......Page 46
Box 3.3. Administrative Complexity......Page 48
Box 3.7. Oversized Work Programs......Page 50
Box 3.8. Fiscal Incentives to Cost Saving......Page 51
Auctions or Administrative Procedures?......Page 53
Box 3.11. Example of Sequential Auction......Page 54
Are Planning and Commitment Important?......Page 55
What Really Matters for the Design of Licensing Rounds?......Page 58
Box 3.15. Transparency Mechanisms......Page 60
What Type of Allocation System Is Best?......Page 63
Is System Design Important?......Page 64
Appendixes......Page 65
I. Life Cycle of a Typical Oil and Gas Project......Page 66
II. Main Fiscal Instruments: Advantages and Disadvantages......Page 68
III. World Average Fiscal Terms......Page 72
Licensing policy......Page 73
General observations......Page 74
Licensing policy......Page 77
Licensing history......Page 78
General observations......Page 79
Table A.1. Alternative Bid Design......Page 82
Licensing history......Page 83
General observations......Page 84
Licensing policy......Page 88
Licensing history......Page 89
General observations......Page 93
Licensing policy......Page 96
Licensing history......Page 97
Table A.3. Bidding Rounds Summary......Page 99
Licensing policy......Page 102
Licensing history......Page 103
General observations......Page 105
V. Allocation Systems Design: Example......Page 107
Glossary......Page 109
References......Page 115
Table 2.2. Fiscal Elements of Petroleum Agreements......Page 28
Table 2.3. Overview of Allocation Systems in Select Countries......Page 36
TableA.2. Overview of Brazil’s Licensing Rounds......Page 92
Table A.4. Biddable Parameters......Page 104
Box 3.1. Licensing Policy as a Means to Promote Local Content......Page 47
Box 3.5. Minimum Bidding Requirements......Page 49
Box 3.10. Joint Bidding or a Forced Marriage?......Page 52
Box 3.12. Issues with the Planning of Licensing Rounds......Page 56
Box 3.13. Changing the Rules of the Game......Page 57
Box 3.14. Reserve Prices......Page 59