Survey Affects of Effective Factors on Contracts for Development of South Pars Gas Field
Keywords:
South Pars Gas Field, Offshore Gas Resource, Risk Aversion, Asymmetric Information, Buy-Back ContractAbstract
Exploration and extraction contracts are the main tool for using foreign new technologies for development of offshore oil and gas resources. Some factors such as risk aversion of owner country and foreign company, oil and gas price and asymmetric information have effects on value of contracts. These factors are so important in developing of contracts for extraction from offshore resources as South Pars Filed in Iran, exactly in some contracts such as buyback contracts.
References
Cummings, R.C, 1996. Some Extensions of the Economic Theory of Exhaustible Resources, Western Economic
Journal, 7, 201-210.
Ghandia, A., Linb, C.Y., 2012. Do Iran's buyback service contracts lead to optimal production? The case of Soroosh
and Nowrooz, Energy Policy, 42, 181–190.
Jin, D., Grigalunas, Th., 1993. Environmental Compliance and Energy Exploration and Production: Application to
Offshore Oil and Gas, Journal of Land Economics, 69 (1), 82-97.
Leland, H., 1978. Optimal Risk Sharing and Leasing of Natural Resources with Application to Oil and Gas, The
Quarterly Journal of Economics, 92(3), 413-138.
Millsaps, S., Mack, O., 1985. Risk Aversion, Risk Sharing and Joint Bidding: A Study of Outer Continental Shelf
Petroleum Auctions, Journal of Land Economics, 61, 372-386.
Moody, C.E., Kruvant, W.J., 1990. OCS Leasing Policy and Lease Prices, Journal of Land Economics, 66, 30-39.
Rothkopf, M.H., 1969. A Model of Rational Competitive Bidding, Journal of Management Science, 15, 362-372.
Reece, D., 1977. Leasing Offshore oil: an analysis of some alternative policies, PhD Thesis, University of California,
Berkeley.
Reece, D., 1978. Competitive Bidding for Offshore Petroleum Leases, The Bell Journal of Economics, 9(2), 369-384.
Scarfe, B.L., Rilkoff, 1984. Financing Oil and Gas Exploration and Development Activity, Discussion Paper, NO 274,
Economic Council of Canada.
Groenendaal, V., Mazraati, M., 2006. A Critical Review of Iran's Buyback Contract, Energy Policy, 34, 3709-3718.
Villar, J., Joutz, F., 2006. The Relationship between Crude Oil and Natural Gas Prices, Natural Gas Division Energy
Information Administration and Department of Economics the George Washington University.
Wiilersrud, A., Imsland, L., Hauger, S., Kittilsen, P., 2011. Short-term Production of Offshore Gas Production Using
Nonlinear Model Predictive Control, 18th IFAC Congress, Millani(Italy).
Willersruda, A., Imslanda, L., Haugerb, S., Kittilsen, B.P., 2012. Short-term Production Optimization of Offshore Oil
and Gas Production Using Nonlinear Model Predictive Control, Journal of Process Control,
www.elsevier.com/locate/jprocon
Wilson, R.B., 1977. A Bidding Model of Perfect Competition, Review of Economic Studies, 44, 511-518.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2013 Majid Ahmadian, Vida Varahrami
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.