Fiscal Systems for Oil : The Government "Take" and Competition for Exploration Investment
Exploration for petroleum occurs on the basis of government-granted concessions, leases, or contracts whose terms and conditions are established by law or negotiated case by case. An important part of these arrangements is the fiscal terms and conditions-bonuses, rentals, royalties, and taxes. The author looks at fiscal systems around the world and draws some conclusions about how governments compete for exploration investment.
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| Main Author: | |
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| Language: | English |
| Published: |
World Bank, Washington, DC
1995-05
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| Subjects: | PETROLEUM EXPLORATION, PETROLEUM LEGISLATION, CONCESSIONS, INVESTMENTS, PRIVATE ENTERPRISES, FISCAL POLICY, GOVERNMENT CONTRIBUTIONS ACREAGE, BARREL, CASH FLOWS, CORPORATE INCOME TAXES, ECONOMIC ANALYSIS, FISCAL, FUEL, GAS FIELDS, GOVERNMENT REVENUES, INCOME, OIL, OIL AND GAS, OIL COMPANIES, OIL FIELD, OIL FIELDS, OIL IMPORTER, OIL INDUSTRY, OIL PRICES, OIL PRODUCTION, PETROLEUM, PRESENT VALUE, PRESIDENCY, WELLHEAD, |
| Online Access: | http://documents.worldbank.org/curated/en/1995/05/441653/fiscal-systems-oil-government-take-competition-exploration-investment https://hdl.handle.net/10986/11671 |
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| Summary: | Exploration for petroleum occurs on the
basis of government-granted concessions, leases, or
contracts whose terms and conditions are established by law
or negotiated case by case. An important part of these
arrangements is the fiscal terms and conditions-bonuses,
rentals, royalties, and taxes. The author looks at fiscal
systems around the world and draws some conclusions about
how governments compete for exploration investment. |
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