Fiscal System Analysis: Concessionary and Contractual Systems
Used in Offshore Petroleum Arrangements

OCS Study MMS 2004-016

The Minerals Management Service (MMS), Gulf of Mexico OCS Region, announces the availability of a new study report, Fiscal System Analysis: Concessionary and Contractual Systems Used in Offshore Petroleum Arrangements.

This report quantifies the influence of private and market uncertainty on concessionary and contractual fiscal systems used in petroleum arrangements across the world. The manner in which the terms of a fiscal system impact the economic and system measures used by an operator or government agency to assess the profitability or take parameter of a field is complicated and not well understood; therefore, a modeling framework was developed to discover the interrelationships that occur between the system variables. A meta-modeling approach was used to derive relationships that specify how the present value, rate of return, and take statistic vary as a function of the system parameters. The critical assumptions involved in estimation, the uncertainty associated with interpretation, and the limitations of the analysis were also examined.

This report is available only in compact disc format. The discs are available from the Minerals Management Service, Gulf of Mexico OCS Region, at a charge of $15.00 by referencing OCS Study MMS 2004-016. The report may be ordered through the Minerals Management Service’s on-line ordering system at http://www.gomr.mms.gov/WebStore/front.asp. You will be able to obtain this report also from the National Technical Information Service in the near future. Here are the addresses. You may also inspect copies at selected Federal Depository Libraries.