Because of a long time frame, irreversible and specific investments, incomplete contracts andpolitical constraints, it is generally difficult for governments to commit themselves in a credibleway to a fixed petroleum tax regime. Many controversial renegotiations and tightenings of suchsystems...

Financial leasing is prevalent in LNG projects. Actually, in many LNG infrastructure projects,leasing is the only option for oil companies. A common approach in such settings is to treatfinancial leasing costs as operating cost and discount with the firm s weighted average cost ofcapital (WACC)....

leaders and employees in an large international oil company. The purpose is to provide robust empiricalinsights on the individual and organisational determinants of perceived performance appraisalDesign/methodology/approach – Based on a powerful set of survey data (n 12,000), we specify...

Predictions from the original geophysical approach to oil explorationand production suggest that oil production will develop according to a predeterminedand inflexible bell-shaped trajectory, quite independent of variables relatingto technological development, economics, and policy. Exploring...

Topical issues in petroleum tax design are in this chapter discussed by means of a tax model for anet income tax system (Norway) and a representative PSA regime. We analyse the entire lifecycle of a typical petroleum project, i.e., the exploration decision is included. Many petroleumtax systems...

Shortages of rigs and personnel have encouraged creativity in designing incentive contracts in thedrilling sector. In particular for oil service contracts, since those companies have the most directcontrol of drilling efficiency. A large variety of contract types are in use, including within...

The oil companies are concerned to replace the petroleum reserves they producein order to maintain their future level of activity. Booked reserves alsorepresent an important input when analysts value these companies. Many producercountries want to control their own resources, a goal which can...

The provision of outsourcing services creates relationships between knowledge vested with thesupplier and the viability of outsourcing arrangements. Knowledge accumulation by theoutsourcee can reach a level where it poses a market entry or takeover risk to the outsourcer.Knowledge translates...