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Review of Iran and Iraq Strategies for Exploitation of Common Oil Fields
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Ali Emami Meybodi *1   , Javad Kashani2 , Ghahraman Abdoli3 , Atefeh Taklif2 , Parisa Fotouhi Mozafarian4 |
1- Alameh Tabatabayi University , emami@atu.ac.ir
2- Alameh Tabatabayi University
3- University of Tehran
4- Ministry of Petroleum |
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Abstract: (5802 Views) |
The existence of numerous common oil and gas fields between Iran and the neighboring countries as well as Iran's less efficient exploitation of these fields compared with other beneficiary countries, has led the development of common fields to always be among the priorities of the Iran Petroleum Ministry. While introducing different methods applied for joint exploitation of common fields, this study consider the possibility of unitization between Iran and its neighboring countries. For this purpose, Iraq is considered as a best choice for cooperation in exploitation of common oil fields among Iran's neighbors. The negotiation of share and production plan is modeled as a bargaining problem which is solved by using Nash solution and concludes that whenever the profits gained by competitive exploitation of the commom field is the same for both parties, they will equally share the profit in unitization.
JEL Classification: Q34, Q39, C71
Keywords: Strategies for developing common fields, Common Fields, Bargaining
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| Keywords: Strategies for developing common fields, Common Fields, Bargaining |
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Full-Text [PDF 573 kb]
(6067 Downloads)
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Type of Study: Thesis(PhD.) |
Subject:
Contracts
Received: 2018/06/25 | Accepted: 2019/01/13 | Published: 2019/06/15 | ePublished: 2019/06/15
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