Browsing by Author "Fernando, CR"

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    Analysis of Sri Lankan petroleum fiscal system - petroleum resources agreement - 2007
    (Department of Earth Resources Engineering, 2019-08) Jayamal, KC; Fernando, CR; Niroshan, WKD; Wickrama, MADMG; Dissanayake, DMDOK; Samaradivakara, GVI
    Economic structure of the World Oil and Gas Industry significantly differs from other industries due to the greater risk and uncertainties associated with the industry. Petroleum fiscal regime of a county defines the set of laws, regulations and agreements related to petroleum exploration and production. Since Sri Lankan basins are not much known to the petroleum world, attraction of technically and - economically capable International Oil Companies for the investment is highly dependent on the Sri Lankan petroleum fiscal terms. The main objective of the study is to analyze the existing Sri Lankan petroleum fiscal systems. Fiscal model created w i t h the MS Excel according to the terms defined i n 2007 was used to calculate cash flow of government and contractor, contractor and government takes, IIR value and payback period i n dynamic envirormient conditions. Behaviour of above parameters under three variable conditions (by varying price of oil, reservoir size and life span of the project) were used to decide the attractiveness of the fiscal system. Results show that contactor share is decreasing i n un-favourable conditions w i t h the terms defined i n 2007 fiscal system.