石油国际化经营—国际石油协议英文.ppt

INTERNATIONAL PETROLEUM AGREEMENT INTRODUCTION OBJECTIVE PROGRAMME BACKGROUND SAFETY AND ENVIRONMENTAL OBJECTIVES COMMUNITY RELATONSOBJECTIVES: BASIC PRINCIPLES INDUSTRY CHARACTERISTICS INDUSTRY CHARACTERISTICS RISKED/RESERVES PROSPECT RISK PROBABILITY SCALE : THE PARTIES INVOLVED POTENTIAL GOVERNMENT NEEDS OIL COMPANY’S NEEDS GOVERNMENT METHORDS OF CONTROL INVESTMENT ENVIRONMENT THE MACRO ECONOMIC SYSTEM : FIELD SIZE DISTRIBUTIONDISTRIBUTION OF WORLD’S OIL FIELDS BY SIZE : FIELD SIZE DISTRIBUTIONDISTRIBUTION OF WORLD’S GAS FIELDS BY SIZE COST NATIONALISATION TO PRIVATISATION TYPES OF AGREEMENT PURPOSE TYPES OF AGREEMENTS FUNDEMENTAL ASPECTS TYPE OF AGREEMENT : CONCESSION – PRICIPLES : CONCESSION – EXAMPLE(1949 GETTY) : ROYALTY/ TAX - PRINCIPLES : ROYALTY / TAX – SIMPLE EXAMPLUK POST 19LAN DEVELOP,PRODUCE MARKET ALL PRODUCTION 93 BUDGET – NEW FIELD : ROYALTY / TAX – COMPLICATED EXAMPLEUK 1981 : PRODUCTION SHARING - PRINCIPLES : PRODUCTION SHARING – SIMIPLE EXAMPLEBURMA : PRODUCTION SHARING – COMPLICATED EXAMPLELIBYA : RISK – PRINCIPLES : RISK – EXAMPLEBRAZIL : SERVICE - PRINCIPLES : SERVICE – EXAMPLEECUADOR : RENT RESOURCE - PRINCIPLES : RENT RESOURE – EXAMPLECAMEROON : HYBRID - PRINCIPLES : HYBRID EXAMPLEINDONESIA “ POLITICAL RISK ” BRIEF HISTORY OF PETROLEUM AGREEMENT OPEC RESOLUTION XVI.90 (1968) SUMMARY COMPRISON CHOICE OF PETROLEUM AGREEMENT ECONOMIC EVALUATION WHAT IS VALUE ? PROJECT ASSUMPTIONS ECONOMIC ASSUMPTIONS DISCOUNTING OBJECTIVE MEASURES EXPECTED MONETARY VALUE ( EMV ) : EXPECTED MONETARY VALUE ( SINGLE POINT ESTIMATE ) : DECISION TREESSINGLE POINT ESTIMATE : DRAWBACK OF SINGLE POINT ESTIMATE : DECISION TREESGENERAL CASE : THREE POINT VALUATION : THREE POINT ESTIMATE : DUAL OBJECTIVES : ACREAGE VALUTION ( 1 )( EXAMPLE ) : ACREAGE VALUTION ( 2 )( EXAMPLE ) FISCAL ASPECTS TAXES DEPRECIATION ALLOWANCES CONCLUSIONSAPPLICABLE TO A SIGNIFIC