Upstream petroleum fiscal and valuation modeling in Excel [electronic resource] : a worked examples approach / Ken Kasriel and David Wood.

Includes index.

Introduction -- Introduction to tax and royalty regimes -- Tax consolidation and incremental value -- Royalties -- Bonuses -- Abandonment -- Introduction to production sharing contract-based fiscal regimes -- More realistic psc modeling -- Psc regime variations -- Appendices (available on disk) -- Appendix I: Depreciation -- Appendix II: Tax loss carrybacks -- Appendix III: Time-limited tax loss carryforwards -- Appendix IV: Knowing when to quit an alternative economic limit test method -- Appendix V: Intoduction to probability and crystal ball (on disk) -- Index.

This book demystifies fiscal analysis which, unlike disciplines such as Earth sciences and engineering, can be learned from a book. It does not catalogue the 100+ different petroleum fiscal regimes in use at the time of writing. Rather, drawing on the authors combined 48 years experience, it takes a more timeless, generic treatment, by covering the most common variants of royalties, taxation, production sharing arrangements, bonuses and abandonment funding , through a dual approach: first, showing how to model them in Excel , and then providing interactive exercises to prompt (and answer) questions that analyze impacts on cashflows.

Description based on online resource; title from digital title page (viewed on Jan. 10, 2014)