Nigeria deep offshore inland basin production sharing contract acts: evaluating contractor’s take
Nigeria deep offshore inland basin production sharing contract acts: evaluating contractor’s take
This study evaluates the new fiscal regime to ascertain its attractiveness and impact on contractor take. Four features (royalty, cost recovery, tax oil, and profit oil) of the PSC contract terms were used to determine contractor and government takes from the transactions. This study adopted the full range of oil prices captured in the amended DOIBPSC Act in addition to the current market price of oil estimation. Six ranges of oil price ($20/bbl, $ 0/bbl, $0/bbl, $0/bbl, $20/bbl, $160/bbl) were