{"product_id":"petroleum-fiscal-systems","title":"Petroleum Fiscal Systems","description":"Petroleum fiscal systems are arrangements for sharing the economic value from petroleum extraction between the host nation and the companies engaged in the extraction. In most countries, oil and gas resources are under the control of the national Government. The activities of exploiting the resources are undertaken by firms, some of which are owned by the state. Petroleum resource management therefore is an interaction of two key parties: The enterprises which carry out operations of finding and extracting petroleum from the ground, and the Government as custodian of the resources on behalf of the host nation which ultimately owns them. \u003cbr\u003e\u003cbr\u003eThe book reviews the various instruments which may form the petroleum fiscal system of a jurisdiction, with numerous examples from countries having configured their systems very differently. It also reviews fiscal valuation and control, related cross-border issues, and the economic analysis and design of fiscal systems related to a variety of development scenarios found in modern petroleum operations. \u003cbr\u003e\u003cbr\u003eFeatures and Benefits\u003cul\u003e\n\u003cli\u003eExplain the fiscal and related instruments applied in the upstream petroleum sector internationally: Royalty, production sharing, bonuses, remuneration for service, privileged state participation, corporate income tax, petroleum resource taxes, and non-fiscal business obligations.\u003c\/li\u003e\n\u003cli\u003eReview common issues of delineation and verification of petroleum fiscal parameters, including transfer pricing issues.\u003c\/li\u003e\n\u003cli\u003eAnalyze petroleum fiscal systems in terms of value allocation, risk allocation and incentive effects.\u003c\/li\u003e\n\u003cli\u003eProvide design considerations for setting up and implementing the petroleum fiscal system in the context of national petroleum policy and licensing of petroleum rights.\u003c\/li\u003e\n\u003c\/ul\u003e\u003cbr\u003eAudience\u003cul\u003e\n\u003cli\u003eOil company executives, business developers, analysts, finance and tax professionals\u003c\/li\u003e\n\u003cli\u003ePoliticians and public servants\u003c\/li\u003e\n\u003cli\u003eInvestors and financial sector professionals\u003c\/li\u003e\n\u003cli\u003eLawyers and other professional service providers\u003c\/li\u003e\n\u003cli\u003eManagers and analysts of firms doing business with the petroleum industry\u003c\/li\u003e\n\u003cli\u003eAcademia and civil society whose work may relate to petroleum fiscal systems\u003c\/li\u003e\n\u003cli\u003eStudents of petroleum economics and related disciplines\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"PennWell Books","offers":[{"title":"Default Title","offer_id":54191010480472,"sku":null,"price":114.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9781593704803.jpg?v=1779519654","url":"https:\/\/agendabookshop.com\/products\/petroleum-fiscal-systems","provider":"Agenda Bookshop","version":"1.0","type":"link"}