Description
The practical examples and step-by-step calculations in the book, partnered with illustrations and diagrams, make the text easy to read and understand. Johnston does an excellent job clarifying international oilfield taxation and regulation in the same way he explained oilfield accounting in his other PennWell title, Oil Company Financial Analysis in Nontechnical Language. Covers everything from historical development of contracts to terminology of accounting and negotiations, to threshold field size analysis, to arithmetic behind contract terms, and much more.
Contents
- Introduction
- 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
- Double taxation
- Commentary
- Appendices
- Glossary
- Index
Audience
- Field level personnel
- Management
- Energy lending and finance professionals
- Students
About the Author
Daniel Johnston has a Bachelor of Science Degree in Geology from Northern Arizona University and graduated with the Dean's Award from the University of Texas at Austin with an M.B.A. (Finance).
He started his career in 1977 as an open-hole logging engineer for Gearhart Industries in Fort Worth, Texas. In 1981 he went to work for Gaffney, Cline and Associates, an international petroleum consulting firm. In 1984 he was hired as an evaluations engineer with Santa Fe Minerals for the Special Projects Group. He founded his private independent consulting practice in 1985.
He has published a numerous articles and lectures on the subjects of Economics and Risk Analysis, Petroleum Fiscal Systems, and Financial Analysis.
Details
Type: Hardcover
Size: 6 x 9 inches
Pages: 325
Published: 1994
ISBN: 9780878144266
