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The UK offers a concession-style agreement, and the general style is applicable to other countries as diverse as Argentina, Australia, Norway and the United States. UK licenses are for the most part awarded on the basis of competitive work program bids in licensing rounds. However, there is an element of discretion in the award process […]

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Production Sharing Contracts The first production sharing contracts (PSC) were signed in 1967 with Indonesia. The two parties to the PSC are the NOC and the IOCs, referred to as the “Contractor”.  Unlike tax/royalty systems, PSCs (in some countries also known as Production Sharing Agreements (PSA) generally transfer title to the produced hydrocarbons at the […]

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Present Value (PV) is particularly useful in ranking comparably sized projects with similar investment requirements. Net Present Value (NPV) refers to the total of all cash flows to (and from) a given party.  It can be a pre-tax or after-tax number. The terms PV and NPV are often used interchangeably with some companies using NPV […]

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Shale Engineering Supports a Billion Dollar Investment in Montney Shale Play Baker Hughes RDS shale engineering models establish viability of Farrell Creek project I generally use original content in the blog, but today I would like to draw your attention to a case study from Baker Hughes. It is a good example of how interdisciplinary […]

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