Daniel Johnston Daniel Johnston & Co. Inc. Dallas
Take and Acdcess to Gross Revenue Calculations [164,090 bytes]
A useful index for evaluating fiscal systems collapses a variety of elements such as royalty, cost recovery limit, and profit oil split. This adds a new dimension to "take" statistics by indicating a country's minimum share of revenue.
From the government's point of view, I refer to this index as "revenue protection" (RP). The complement of RP from the oil company point of view is "access to gross revenues" (AGR).
For example, contractor take for oil under the standard Indonesian and Malaysian contracts is roughly the same, in t...