Balancing Upstream Investment Performance and Government Take: Empirical Evidence of the Mechanics and Impact of Petroleum Fiscal Terms

摘要

1.Host government of regions with geological prospectivity should design fiscal systems that are flexible, stable and progressive in order to attract investment opportunities in the upstream oil and gas industry2.Profitability indicators such as Internal Rate of Return (IRR), Host Government Take (HGT), Savings Index (SI) and Front Loading Index (FLI) are measures used by investors to evaluate the performance of oil and gas assets.3.The use of progressive and effective fiscal terms are essential to create a balance between prolific geologic prospectivity and fiscal contract terms.