45 50 55 60 price usbbl percentage government 200 500

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45 50 55 60 Price (US$/Bbl) Percentage Government Take 0.0% 10.0% 20.0% 50.0% 30.0% 60.0% 40.0% Percentage IRR Government Take Project’s IRR Field B Government Take and Project IRR at Different Price Levels Fiscal Model 4 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% 13 20 25 30 35 40 45 50 55 60 Price (US$/Bbl) Percentage Government Take 0.0% 10.0% 20.0% 50.0% 30.0% 60.0% 40.0% Percentage IRR Government Take Project’s IRR
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66 World Bank Working Paper Graph 7. Government Take and Project IRR at Different Price Levels—Field C Field C Government Take and Project IRR at Different Price Levels Fiscal Model 1 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 15 20 25 30 35 40 45 50 55 60 Price (US$/mmcf) Percentage Government Take 0.0% 10.0% 20.0% 50.0% 30.0% 60.0% 70.0% 80.0% 40.0% Percentage IRR Government Take Project’s IRR Field C Government Take and Project IRR at Different Price Levels Fiscal Model 3 0.0% 30.0% 20.0% 10.0% 40.0% 50.0% 60.0% 70.0% 80.0% 15 20 25 30 35 40 45 50 55 60 Price (US$/mmcf) Percentage Government Take 0.0% 40.0% 30.0% 20.0% 10.0% 50.0% 80.0% 60.0% 90.0% 70.0% Percentage IRR Government Take Project’s IRR Field C Government Take and Project IRR at Different Price Levels Fiscal Model 2 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 15 20 25 30 35 40 45 50 55 60 Price (US$/mmcf) Percentage Government Take 0.0% 10.0% 20.0% 50.0% 30.0% 60.0% 70.0% 80.0% 40.0% Percentage IRR Government Take Project’s IRR Field C Government Take and Project IRR at Different Price Levels Fiscal Model 4 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 15 20 25 30 35 40 45 50 55 60 Price (US$/mmcf) Percentage Government Take 0.0% 10.0% 20.0% 50.0% 30.0% 60.0% 70.0% 80.0% 40.0% Percentage IRR Government Take Project’s IRR
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Fiscal Systems for Hydrocarbons 67 Graph 8. Government Take and Project IRR at Different Price Levels—Field D Note: The combined effect of royalties and cost recovery limit may produce a government take above 100 percent. In these cases, the graphs conventionally show a government take of 101 percent. Field D Government Take and Project IRR at Different Price Levels Fiscal Model 1 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% 15 20 25 30 35 40 45 50 Price (US$/Bbl) Percentage Government Take 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% Percentage IRR Government Take Project’s IRR Field D Government Take and Project IRR at Different Price Levels Fiscal Model 3 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% 15 20 25 30 35 40 45 50 Price (US$/Bbl) Percentage Government Take 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Percentage IRR Government Take Project’s IRR Field D Government Take and Project IRR at Different Price Levels Fiscal Model 2 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% 15 20 25 30 35 40 45 50 Price (US$/Bbl) Percentage Government Take 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% Percentage IRR Government Take Project’s IRR Field D Government Take and Project IRR at Different Price Levels Fiscal Model 4 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% 15 20 25 30 35 40 45 50 Price (US$/Bbl) Percentage Government Take 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Percentage IRR Government Take Project’s IRR
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APPENDIX H Government Participating Interest 69
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Table 26. Government Participating Interest—Field A 10.0% 12.5% 15.0% (@ 10%) 10.0% 12.5% 15.0% (@ 10%) 10.0% 12.5% 15.0% (@ 10%) 10.0% 12.5% 15.0% (@ 10%) Production (MBO) 20 Price ($/Bbl) 35 Capex ($ Million) 123 Opex ($/Bbl) 4.54 19.53 21.90 24.50 19.52 21.90 24.50 18.24 20.27 22.98 17.80 19.76 21.91 Sensitivities: Prod. +20% 64.5 47.3 34.0 27.4% 70.2% 64.5 47.3 34.0 27.4% 70.2% 65.1 49.3 36.8 29.6% 69.9% 67.6 50.9 37.8 29.6% 68.8% -20% 28.7 17.7 9.2 18.8% 75.3% 28.7 17.7 9.2 18.8% 75.3% 31.6 20.6 12.1 20.1% 72.8% 38.1 25.6 16.0 21.4% 67.2% Price +20% 67.1 49.5 35.8 27.9% 70.0% 67.1 49.5 35.8 27.9% 70.0% 66.4 50.4 37.8 30.0% 70.3% 70.4 53.2 39.8 30.2% 68.5% -20% 26.1 15.5 7.4 18.1% 76.0% 26.1 15.5 7.4 18.1% 76.0% 29.7 19.0 10.8 19.6% 72.7% 36.0 23.8 14.5 20.8% 67.0% Capex +20% 38.4 24.5 13.9 19.7% 74.3% 38.4 24.5 13.9 19.7% 74.3% 42.2 28.4 17.6 21.2% 71.8% 50.1 34.5 22.4 22.5% 66.5% -20% 54.9 40.5 29.4 28.0% 70.1% 54.9 40.5 29.4 28.0% 70.1% 54.3 41.3 31.1 30.2% 70.4% 57.6 43.6 32.7 30.4% 68.6% Opex +20% 44.1 30.4 19.9 22.7% 72.3% 44.1 30.4 19.9 22.7%
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  • Winter '14
  • Bijay K Behra
  • host government, fiscal systems, world bank working

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