COMPARATIVE ANALYSIS OF ROYALTY AND BONUS FEE IN OIL PRODUCTION SHARING CONTRACTS OF THE AFRICAN CONTINENT

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EBRAHIMI SEYYED NASROLLAH; KHODAPARAST NASER

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Journal: Energy Law Studies Year:2016 | Volume:2 | Issue:1 Page(s): 1-30

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Title

COMPARATIVE ANALYSIS OF ROYALTY AND BONUS FEE IN OIL PRODUCTION SHARING CONTRACTS OF THE AFRICAN CONTINENT

Author(s)

EBRAHIMI SEYYED NASROLLAH | KHODAPARAST NASER | Issue Writer Certificate

Keywords

BONUS FEEQ1

CONTINENT OF AFRICAQ1

OIL PRODUCTIONQ1

PRODUCTION SHARING CONTRACTSQ1

ROYALTYQ1

Abstract

More than 9% of world crude oil is reserved in the African continent. Except for some of the African countries that were previously oil producers such as Libya, Algeria, Angola and Nigeria, in recent years other countries in Africa have joined oil producers’ club. Creation of motivation for attracting foreign investors in oil industry in one of the most important issues of these countries because exploration and development of African oil fields need a high level of technical knowledge and know-how and also it involves the incurring of great costs, a huge financial burden for the said countries.. Thus by investing of American, European and in recent years Chinese companies in this continent the capacity of OIL PRODUCTION and exports has increased. The most important contract concluded between the African countries and international oil companies (IOCs) is production sharing contract (PSC). Some of the most important economic factors of PSCs are ROYALTY and BONUS FEE. In this article the rate and kinds of ROYALTY and BONUS FEE in the laws and PSC models of oil producing countries of Africa is considered with the aim of recognizing the mechanisms and rates of ROYALTY and BONUS FEE these countries enjoy better and suitable varieties to attract more foreign oil investors. The results of this study show that only the laws and PSCs of some limited African countries such as Libya, Equatorial Guinea, Angola and specially Nigeria enjoy better, transparent and suitable varieties to fix the ROYALTY and BONUS FEE at the time of negotiating and concluding contracts with IOCs.

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APA: Copy

EBRAHIMI, SEYYED NASROLLAH, & KHODAPARAST, NASER. (2016). COMPARATIVE ANALYSIS OF ROYALTY AND BONUS FEE IN OIL PRODUCTION SHARING CONTRACTS OF THE AFRICAN CONTINENT. JOURNAL OF RESEARCHES ENERGY LAW STUDIES, 2(1 ), 1-30. SID. https://sid.ir/paper/264274/en

Vancouver: Copy

EBRAHIMI SEYYED NASROLLAH, KHODAPARAST NASER. COMPARATIVE ANALYSIS OF ROYALTY AND BONUS FEE IN OIL PRODUCTION SHARING CONTRACTS OF THE AFRICAN CONTINENT. JOURNAL OF RESEARCHES ENERGY LAW STUDIES[Internet]. 2016;2(1 ):1-30. Available from: https://sid.ir/paper/264274/en

IEEE: Copy

SEYYED NASROLLAH EBRAHIMI, and NASER KHODAPARAST, “COMPARATIVE ANALYSIS OF ROYALTY AND BONUS FEE IN OIL PRODUCTION SHARING CONTRACTS OF THE AFRICAN CONTINENT,” JOURNAL OF RESEARCHES ENERGY LAW STUDIES, vol. 2, no. 1 , pp. 1–30, 2016, [Online]. Available: https://sid.ir/paper/264274/en

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