The Relationship Between Upstream Petroleum Agreements & Exploration and Production Costs
Article from: OGEL 2 (2005), in Taxation
Abstract
This article evaluates upstream petroleum agreements and examines the Exploration and Production costs (E&P) in major petroleum exporting countries, with the intention of determining the relationship between types of upstream petroleum agreements and E&P costs. This article uses data obtained from experts and then splits the available data statically into three categories. 1st quartile represents low E&P cost countries (below or equal to $4.65 per barrel), 2nd quartile embodies countries with E&P costs (between $4.65 and $8.50 per barrel), and 3rd quartile stands ...