Bonuses enhance upstream fiscal system analysis

Andrew Derman Thompson & Knight, P.C. Dallas Daniel Johnston Daniel Johnston & Co. Inc. Dallas The U.S. Outer Continental Shelf (OCS) provides data that give insights into the effect of bonuses on the dynamics of fiscal system analysis and design. Much of the focus of fiscal system/contract analysis, design, and negotiations in the upstream sector of the petroleum industry is on the division of profits such as government or state "take." Take statistics associated with various countries' fiscal systems and contracts are important and widely used, but these statistics have weaknesses. The key weaknesses are signature bonuses and government participation ...

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