This book discusses the art and science of economic decision making. It combines logical thinking with analytics, economics, and finance to draw decision insights for the upstream petroleum projects. The book offers useful analysis skills for practitioners in industry, including analysts,...

Many factors affect the survival and sustainability of upstream oil and gas companies during periods of low crude prices. One of such key factors is how the fiscal system adopted by the host government responds to such unforeseen and uncontrolled events like the beginning of the pandemic of...

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 petroleum fiscal system for a country is essentially the taxation structure, including royalty payments, that has been established by legislation. More broadly, the fiscal system includes all aspects of the contractual and taxation framework that governs the relationship between the host...