Description
International exploration and production is challenging and exciting. Negotiating with governments and understanding the dynamics of their fiscal systems and/or production sharing contracts can mean the difference between success and failure. Long-time industry consultant, negotiator and lecturer, Daniel Johnston, provides an extremely clear and practical perspective on:
- international exploration economics and risk analysis,
- petroleum fiscal system analysis and design,
- contract negotiations,
- economic, financial and accounting aspects of: production sharing contracts, and royalty/tax systems.
International Exploration Economics, Risk, and Contracts Analysis is an anthology of articles from Johnston's column in the Petroleum Accounting and Financial Management Journal (PAFMJ) -- Institute of Petroleum Accounting, University of North Texas. While some chapters date back a number of years, the key chapters and concepts have been dramatically updated with detailed examples.
Features & Benefits
- Collection of valuable articles gathered in one book
- Fully updated with detailed examples
Audience
- Field level personnel
- Management
- Energy lending and finance professionals
- Anyone who seeks to understand how, or relies upon, energy markets
- Students
About the Author
Daniel Johnston is an active international consultant and lecturer with more than 20 years’ experience in the petroleum industry. He is founder of Daniel Johnston & Co., Inc. and teaches worldwide on the subject of economics and risk analysis, petroleum fiscal systems, and financial analysis for the petroleum industry. Mr. Johnston is also the best-selling author of these titles from PennWell: International Oil Company Financial Management in Nontechnical Language (1998), Oil Company Financial Analysis in Nontechnical Language (1992), International Petroleum Fiscal Systems and Production Sharing Contracts (1994), International Exploration Economics, Risks, and Contracts Analysis (2003), and Government Take for Petroleum Exploration & Development Contracts Wall Chart (2001).
Details
Type: Hardcover
Size: 6x9
Pages: 479
Published: 2003
ISBN: 9780878148875
