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Petroleum Exploration and Production Rights : Allocation Strategies and Design Issues.

Governments often pursue a variety of economic, social and political objectives through their allocation policies that go beyond the maximization of the net present value of the economic rent. The optimal allocation policy depends on a range of country specific and exogenous factors. Despite the var...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Silvana, Tordo
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : World Bank, 2009.
Temas:
Acceso en línea:Texto completo

MARC

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520 |a Governments often pursue a variety of economic, social and political objectives through their allocation policies that go beyond the maximization of the net present value of the economic rent. The optimal allocation policy depends on a range of country specific and exogenous factors. Despite the variety of factors influencing optimal design, most countries use similar solutions. In particular, when auctions or administrative procedures are used, most governments opt for simple simultaneous multi-object sealed-bid rounds. While this may appear to be paradoxical, there is a practical explanation. 
588 0 |a Print version record. 
505 0 |a Acknowledgments; Acronyms and Abbreviations; Executive Summary; 1. The Exploration, Development, and Production of Petroleum Resources; 2. Alternative Approaches to the Granting of Petroleum Exploration, Development, and Production Rights; Table 2.1. Objectives of Fiscal Systems; Table 2.2. Fiscal Elements of Petroleum Agreements; Table 2.3. Overview of Allocation Systems in Select Countries; 3. The Design of Appropriate Allocation Systems; Figure 3.1. Allocation Policy Flow Chart; Box 3.1. Licensing Policy as a Means to Promote Local Content. 
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650 0 |a Petroleum industry and trade. 
650 0 |a Petroleum  |x Prospecting. 
650 6 |a Pétrole  |x Industrie et commerce. 
650 6 |a Pétrole  |x Prospection. 
650 7 |a Petroleum industry and trade  |2 fast 
650 7 |a Petroleum  |x Prospecting  |2 fast 
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