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Best Sellers | | Home International Petroleum Fiscal Systems and Production Sharing Contracts | |
|  | |  | | | International Petroleum Fiscal Systems and Production Sharing Contracts | | | | | SKU:
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| | Product Details | | Author: | Daniel Johnston | | Hardcover: | 325 pages | | Publisher: | Pennwell Corp | | Publication Date: | 1994-11 | | Language: | English | | ISBN: | 0878144269 | | Product Length: | 9.26 inches | | Product Width: | 6.38 inches | | Product Height: | 0.87 inches | | Product Weight: | 1.38 pounds | | Package Length: | 9.3 inches | | Package Width: | 6.2 inches | | Package Height: | 0.9 inches | | Package Weight: | 1.4 pounds | | Average Customer Rating: |  based on 2 reviews |
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| | Customer Reviews | Average Customer Review: ( 2 customer reviews )
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Most Helpful Customer Reviews
12 of 14 found the following review helpful:
 An excellent practical tool. Apr 28, 2001
By Elena Warburton
This book is an excellent practical tool to gain understanding on how the Production Sharing Contracts/ Agreements of the international oil industry work and how the negotiations on PSA normally flow. Johnston does not concentrate on cultural aspects of a particular country, but rather on the mechanics of the PSA and its major issues. The topics that Johnston covers are "Petroleum Fiscal Systems," "Concessionary Systems," "Production Sharing Contracts," "Risk Service Contracts," "Threshold Field Size Analysis," "Global Market for Exploration Acreage," "Production Sharing Contract Outline" "Accounting Principles," and "Double Taxation." This introductory comprehensive overview of PSA concepts is written in a clear and understandable manner so that even a person without a background in accounting, taxation, and oil engineering is able to understand the author's explanations and conclusions. This source will be most helpful to consult if one is interested in learning or simply clarifying the concepts of exploration economics, oil taxation, contract/fiscal terms, and PSA negotiations in the international context.
1 of 1 found the following review helpful:
 Essential reading for anyone interested in the oil industry and resource economics Mar 01, 2010
By Terrapolitan
I first read this book in 1996 and consider it to be the most useful book I have ever read on the oil industry. If you want to understand the basics of resource economics, risk sharing and rent sharing (taxes vs profits), no book will serve you better.
Don't be put off by the fact that the book was published in 1994 (and as far as I can tell, has not been updated since). This is a book about core principcles that works as well in a $100/bbl as a $10/bbl world.
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