Financial Evaluation of Selected Buy-Back Contracts and Comparing with Production Sharing Contracts

Fiscal regime is one of the main differences between petroleum contracts. Fiscal regimes in oil contracts are divided in two main categories namely Concessionary and Contractual Systems. In contractual systems, the main difference between service and production sharing contracts is the way of compen...

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Main Authors: Davood Manzoor, Roohollah Kohan Hoosh Nejad, Masoud Amani
Format: Article
Language:fas
Published: Allameh Tabataba'i University Press 2016-03-01
Series:Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān
Subjects:
Online Access:https://jiee.atu.ac.ir/article_7196_9ccef4c1878eacbba919f4e6f14a1373.pdf
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author Davood Manzoor
Roohollah Kohan Hoosh Nejad
Masoud Amani
author_facet Davood Manzoor
Roohollah Kohan Hoosh Nejad
Masoud Amani
author_sort Davood Manzoor
collection DOAJ
description Fiscal regime is one of the main differences between petroleum contracts. Fiscal regimes in oil contracts are divided in two main categories namely Concessionary and Contractual Systems. In contractual systems, the main difference between service and production sharing contracts is the way of compensation of contractor services which could be in cash or in kind. In production sharing contracts the contractor receives a portion of produced oil. One of the main criteria to compare fiscal regimes is government and contractor takes in real values. Comparing the net present value of contractor take shows that PSC could have been more desirable and cost effective in Azadegan, Soroush & Norouz, Forouzan & Esfandyar oil fields than Buy-Back contracts.
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spelling doaj.art-1d1ed14b1fb843efba35aeb8c52263832024-01-02T10:47:41ZfasAllameh Tabataba'i University PressPizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān2423-59542476-64372016-03-0151817921710.22054/jiee.2016.71967196Financial Evaluation of Selected Buy-Back Contracts and Comparing with Production Sharing ContractsDavood Manzoor0Roohollah Kohan Hoosh Nejad1Masoud Amani2Associate Professor, Faculty of Economics, University of Imam Sadiq (PBUH)Ph.D Student in International Oil and Gas Contracts Management, Faculty of Economics, University of Imam Sadiq (PBUH), Iran.Assistant Professor, Faculty of Law, University of Imam Sadiq (PBUH), Iran,Fiscal regime is one of the main differences between petroleum contracts. Fiscal regimes in oil contracts are divided in two main categories namely Concessionary and Contractual Systems. In contractual systems, the main difference between service and production sharing contracts is the way of compensation of contractor services which could be in cash or in kind. In production sharing contracts the contractor receives a portion of produced oil. One of the main criteria to compare fiscal regimes is government and contractor takes in real values. Comparing the net present value of contractor take shows that PSC could have been more desirable and cost effective in Azadegan, Soroush & Norouz, Forouzan & Esfandyar oil fields than Buy-Back contracts.https://jiee.atu.ac.ir/article_7196_9ccef4c1878eacbba919f4e6f14a1373.pdffiscal regimebuy-backproduction sharingtakeiran
spellingShingle Davood Manzoor
Roohollah Kohan Hoosh Nejad
Masoud Amani
Financial Evaluation of Selected Buy-Back Contracts and Comparing with Production Sharing Contracts
Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān
fiscal regime
buy-back
production sharing
take
iran
title Financial Evaluation of Selected Buy-Back Contracts and Comparing with Production Sharing Contracts
title_full Financial Evaluation of Selected Buy-Back Contracts and Comparing with Production Sharing Contracts
title_fullStr Financial Evaluation of Selected Buy-Back Contracts and Comparing with Production Sharing Contracts
title_full_unstemmed Financial Evaluation of Selected Buy-Back Contracts and Comparing with Production Sharing Contracts
title_short Financial Evaluation of Selected Buy-Back Contracts and Comparing with Production Sharing Contracts
title_sort financial evaluation of selected buy back contracts and comparing with production sharing contracts
topic fiscal regime
buy-back
production sharing
take
iran
url https://jiee.atu.ac.ir/article_7196_9ccef4c1878eacbba919f4e6f14a1373.pdf
work_keys_str_mv AT davoodmanzoor financialevaluationofselectedbuybackcontractsandcomparingwithproductionsharingcontracts
AT roohollahkohanhooshnejad financialevaluationofselectedbuybackcontractsandcomparingwithproductionsharingcontracts
AT masoudamani financialevaluationofselectedbuybackcontractsandcomparingwithproductionsharingcontracts