Petroleum Science >2010, Issue 2: 283-288 DOI: https://doi.org/10.1007/s12182-010-0034-8
Modeling China's offshore production sharing contracts using meta analysis Open Access
文章信息
作者：Hao Hong and Mark J. Kaiser
作者单位：
School of Business Administration, China University of Petroleum, Beijing 102249, China;Center for Energy Studies, Louisiana State University, Baton Rouge, LA 70803, USA
投稿时间：2009-06-25
引用方式：Hao, H. & Kaiser, M.J. Pet. Sci. (2010) 7: 283. https://doi.org/10.1007/s12182-010-0034-8
文章摘要
Production sharing contracts have been used in the development of China's offshore petroleum resources since 1982, but the mechanism in which the fiscal terms impact project economics is complicated and not well understood. The purpose of this paper is to model China's offshore production sharing contracts using a probabilistic approach. Cash flows and economic indicators are used for a typical offshore oilfield development, and meta-models are constructed to analyze the basic features of the fiscal system. Applications of the models in contract negotiation are discussed.
关键词
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Contract negotiation, fiscal models, multiple regression, production sharing contract, simulation