The Distortionary Effect of Production Sharing Contract in Upstream Petroleum Industry

There is a vast literature on the distortionary effects of the tax-royalty system, while the effects of Production Sharing Contract (PSC) is largely understudied. Moreover, economic studies typically oversimplify the physics of the field and consequently end up with models which do not necessarily fully reflect the reality. In this study, we build a dynamic optimisation model which nests the physics of the reservoir and investigates the distortionary effects of a PSC.

Name dc:type.qualificationname

Doctor of Philosophy

Level dc:type.qualificationlevel

Doctoral Thesis

Grantor dc:publisher.institution

University of Dundee

Year dc:date.issued

2018

Author dc:creator

• Moridifarimani, Fazel

Advisor dc:contributor.advisor

• Mu, Xiaoyi

• Upstream Petroleum Contracts
• Production Sharing Contract
• Distortionary Effects
• Dynamic Optimization
• Dynamic Progrmming
• Material Balance
• Production Sharing Agreement

Language dc:language

eng

Identifier

oai:discovery.dundee.ac.uk:studenttheses/d6b5fe43-62d8-4e3f-88ba-3c34653d46bd

OAI identifier oai:identifier

oai:discovery.dundee.ac.uk:studenttheses/d6b5fe43-62d8-4e3f-88ba-3c34653d46bd