Competition and Performance in Oil and Gas Lease Sales and Development in the U.S. Gulf of Mexico Ocs Region, 1983-1999

Competition and Performance in Oil and Gas Lease Sales and Development in the U.S. Gulf of Mexico Ocs Region, 1983-1999 PDF

Author: U. S. Department U.S. Department of the Interior

Publisher: CreateSpace

Published: 2015-06-22

Total Pages: 118

ISBN-13: 9781514312179

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This report studies petroleum lease sales and development in the U.S. Gulf of Mexico (GOM) Outer Continental Shelf (OCS) using estimated physical and economic measures of performance in offshore petroleum lease sales and development. The physical performance measures include the prospectivity index, expeditious index, and development productivity. The estimated economic performance measures include a profitability index and internal rate of return.

Petroleum Exploration and Production Rights

Petroleum Exploration and Production Rights PDF

Author: Silvana Tordo

Publisher: World Bank Publications

Published: 2010

Total Pages: 106

ISBN-13: 9780821381670

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Many governments rely on oil companies to efficiently exploit natural resources. Governments have the challenging task of deciding which companies should be awarded exclusive rights to explore, develop, and produce their petroleum resources, and on what conditions such rights should be awarded. This paper analyzes the available evidence on the advantages and disadvantages of various systems used by petroleum-producing countries to allocate petroleum exploration, development, and production rights, and considers the policy implications of each system. The experience of six petroleum-producing countries is presented in detail, and numerous other examples are provided to derive lessons of wider applicability. The paper presents various conclusions for policy makers about the optimal design of allocation systems.

Petroleum Exploration and Production Rights

Petroleum Exploration and Production Rights PDF

Author: Silvana Tordo

Publisher: World Bank Publications

Published: 2010

Total Pages: 128

ISBN-13:

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The paper aims to provide practical information to policy makers on the advantages and disadvantages of various practices used by petroleum producing countries to allocate exploration, development, and production rights.