WATCHING THE WORLD RESPONSE TO INCENTIVES

09/17/1990
Many governments around the world still find it hard to come to terms with the fact that the level of exploration and production activity is closely related to attractiveness of fiscal terms under which oil companies operate. Oil ministers and officials wondering why industry enthusiasm for their prospects are on the wane might study a paper by P.J. Hoenmans, president of Mobil Oil Corp.'s exploration and production division, given at the Offshore Northern Seas conference late last month in Stavanger. ASSESSING GOVERNMENT TAKE Hoenmans said Mobil computed government take from a sample of 25 countries using 1989 published t...
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