Petroleum Exploration and Production
Rights : Allocation Strategies and Design Issues

Petroleum Exploration and Production Rights : Allocation Strategies and Design Issues

Petroleum has become an integral part of today's global economy and a key component of many national economies. Hence, the presence of petroleum in meaningful quantities can have important economic, developmental, and strategic consequences fo...

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Bibliographic Details
Main Authors:	Tordo, Silvana, Johnston, David, Johnston, Daniel
Format:	Publication
Language:	English
Published:	World Bank 2012
Subjects:	ACCESS TO INFORMATION ACCOUNTING AFFILIATED ORGANIZATIONS AMORTIZATION AUCTION AUCTIONS BARGAINING BARGAINING POWER BID BIDDERS BIDS BONDS BORROWING BUYBACKS CAPITAL ALLOCATION CAPITAL INVESTMENT CASH FLOWS CASH OUTFLOW CASH PAYMENT CLIMATE CHANGE COLLUSION COMPETITIVE BIDDING COMPETITIVENESS CONCESSION CONSUMPTION RATES CONTRACT RENEGOTIATION CORPORATE INCOME TAX CORPORATE INCOME TAXES CORPORATE TAX RATE CREDIBILITY CRUDE OIL DEBT DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT POLICY DISCOUNT RATE DOMESTIC MARKET DRILLING DUTCH AUCTION ECONOMIC CONDITIONS ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC RENT ECONOMIC RENTS ECONOMIC RISKS ECONOMICS ENERGY INFORMATION ADMINISTRATION ENVIRONMENTAL PROTECTION EQUIPMENT EXCHANGE COMMISSION EXCHANGE RATE EXCLUSIVE RIGHTS EXPECTED VALUE EXPENDITURE EXPENDITURES EXPLORATION DRILLING EXPLORATORY WELL EXTERNALITIES EXTRACTION FINANCIAL RISKS FISCAL ARRANGEMENTS FISCAL INCENTIVES FISCAL REGIME FISCAL SYSTEM FISCAL TERMS FOREIGN EXCHANGE GAS COMPANY GAS EXPLORATION GAS FIELD GAS FLARING GAS FLARING REDUCTION GAS PRICE GAS PRICES GAS RESERVES GAS RESOURCES GEOLOGICAL SURVEYS GEOPHYSICAL DATA GLOBAL ECONOMY GLOBAL MARKET GOVERNMENT REVENUE GOVERNMENT REVENUES GOVERNMENT · SUPPORTS HOST COUNTRY HOST GOVERNMENT HOST GOVERNMENTS HYDROCARBON EXPLORATION HYDROCARBON LAW HYDROCARBONS IMAGING TECHNOLOGY IMPERFECT INFORMATION INCOME TAX INCOME TAXES INEFFICIENCY INFORMATION ASYMMETRIES INFORMATION ASYMMETRY INFRASTRUCTURE INVESTMENTS INTANGIBLE INTERNATIONAL BANK INTERNATIONAL MARKET INVESTING INVESTMENT AGREEMENTS INVESTMENT ALLOWANCES INVESTMENT DECISIONS INVESTMENT ENVIRONMENT JOB CREATION JOINT VENTURES LACK OF TRANSPARENCY LANDOWNER LEVEL OF RISK LIQUID PETROLEUM LIQUID PETROLEUM GAS LNG LOCAL INFRASTRUCTURE MACROECONOMIC EFFECTS MACROECONOMIC POLICIES MACROECONOMIC STABILITY MARKET CONDITIONS MARKET MECHANISMS MARKET PARTICIPANTS MARKET PRICES MARKET SEGMENTATION MARKET STRUCTURE MATURITIES MATURITY MINERAL MINISTRY OF PETROLEUM MONETARY FUND NATIONAL ECONOMIES NATIONAL OIL NATURAL GAS NATURAL RESOURCES NPV OIL OIL AND GAS OIL COMPANIES OIL COMPANY OIL INDUSTRY OIL PRICE OIL PRICE CHANGES OIL RECOVERY PETROLEUM PETROLEUM COMPANY PETROLEUM DEVELOPMENT PETROLEUM EXPLORATION PETROLEUM GEOLOGISTS PETROLEUM GEOLOGY PETROLEUM PRODUCING PETROLEUM PRODUCING COUNTRIES PETROLEUM RESERVES PETROLEUM RESOURCES PETROLEUM SECTOR PETROLEUM SHARING AGREEMENT PETROLEUM SHARING CONTRACT POLITICAL RISKS PORTFOLIO POTENTIAL INVESTORS PRICE CHANGES PRIVATE INVESTORS PRODUCTION COSTS PRODUCTION SHARING CONTRACTS PROFIT SHARING PROFITABILITY RATE OF RETURN RATES OF RETURN REFINERIES REFINERY REGULATORY REFORM RENTS RESERVE RESERVES RESERVOIR RESERVOIR CHARACTERISTICS RESERVOIRS RESOURCE ALLOCATION RETURN ON INVESTMENT RETURNS RISK AVERSE RISK MANAGEMENT RISK PREMIUM RISK PROFILE RISKY BUSINESS ROYALTY ROYALTY RATES SECONDARY MARKETS SHAREHOLDERS SOCIAL BENEFITS SURPLUS VALUE TAX TAX PAYMENTS TAX REGIME TAX REVENUE TAXABLE INCOME TAXATION TENDERS TIME VALUE OF MONEY TRANSPARENCY VALUATION WEALTH
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100218232459 http://hdl.handle.net/10986/2701 http://hdl.handle.net/10986/5954

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100218232459
http://hdl.handle.net/10986/2701
http://hdl.handle.net/10986/5954