[Home ] [Archive]   [ فارسی ]  
:: Main :: About :: Current Issue :: Archive :: Search :: Submit :: Contact ::
Main Menu
Home::
Journal Information::
Articles archive::
For Authors::
For Reviewers::
Registration::
Contact us::
Site Facilities::
اصول اخلاق نشریه::
اصول اخلاق نشریه::
::
Search in website

Advanced Search
..
Receive site information
Enter your Email in the following box to receive the site news and information.
..
:: Volume 12, Issue 51 (Winter 2016 2017) ::
QEER 2017, 12(51): 181-213 Back to browse issues page
Introduction to A Theoretical Framework for Evaluating Petroleum Contracts from an Optimal Production Policy Point of View: Iran’s Buyback Contracts
Abstract:   (5012 Views)
Introduction to a theoretical framework for evaluating petroleum contracts from an optimal production policy point of view: Iran’s Buyback Contracts.
In this article, compared the definition of optimal policy and implementation in theoretical framework, it would be shown that this specification is favorable for the government as the owner of the exhaustible resources in any contractual framework. However if that planning for developing reservoir obtain then could be have; A-Flexibility, B-Long-term planning horizon, C-integrity and comprehensiveness of decisions and D-ability to attract financial resources and know how . If mentioned provision in planning considered then it could be ensured about optimal policy and implementation for reservoirs. Study of the buyback contract, showed that for the reasons of determination of reservoir development model, contractor work commitment, investment costs cap and sustainable production profile before signing the contract and etc., actually contract provisions could not be obtained.   Regarding to the  transfer of the field  operation right after the completion of development phase  to the National Iranian Oil Company (NIOC) it seems on time accomplishment of  optimal design and exploration EOR projects will faced by the measures taken by the contractor in the past. Study of the conceptual model of new Iranian Buy-Back contracts is presented to that an important part of structural problems of old buyback contract is considered. Flexibility in the design and implementation development models of reservoir, using the latest data available (the possibility of phasing development), flexible financial model and operational (annual capital budget, the possibility of repayment of all capital costs) and reward model based on production profile from the reservoir, which is the most important reforms as a prerequisite for the preservation of policy is considered.
JEL Classification: M11,O13,Q35  
 

 
Keywords: "petroleum contract", "Iranian service contract", "optimal production policy"
Full-Text [PDF 495 kb]   (1925 Downloads)    
Type of Study: Research | Subject: Contracts
Received: 2016/05/9 | Accepted: 2016/11/2 | Published: 2017/02/14 | ePublished: 2017/02/14
Add your comments about this article
Your username or Email:

CAPTCHA


XML   Persian Abstract   Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Introduction to A Theoretical Framework for Evaluating Petroleum Contracts from an Optimal Production Policy Point of View: Iran’s Buyback Contracts. QEER 2017; 12 (51) :181-213
URL: http://iiesj.ir/article-1-841-en.html


Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Volume 12, Issue 51 (Winter 2016 2017) Back to browse issues page
فصلنامه مطالعات اقتصاد انرژی Quarterly Energy Economics Review
Persian site map - English site map - Created in 0.06 seconds with 37 queries by YEKTAWEB 4645