Oil and Gas Management - Contract Regimes in Fiscal Systems - Fiscal Systems Issues - Project Management Assignment Help

Assignment Task:

Part 1:

The role of contract regimes in fiscal systems is of vital interest in the petroleum industry:
 
The petroleum industry is marked by its sheer size, which can create mutual benefits for both host nations and oil companies. In particular, petroleum exploration contributes steady revenue streams to the host nation. 

In contract negotiations, both the host nation and the oil company are aiming to obtain what they consider to be a fair share of the lucrative petroleum business. For the host nation, the revenues accrued from exploration can (if used wisely) have transformative effects on a country.
 
In this part, you will address the following issues/questions:

• Using the Moylan article about the UK oil discovery near Gatwick, propose elements of a contract regime between the UK government and the oil company. 
• Base your analysis on the experiences of other countries as outlined in the readings attached, as well as your own research.

Part 2:

Write a reflection regarding your perspective on how fiscal systems issues will impact the proposed contract regime you described in part 1. Support your assertion with the literature and specific examples to illustrate your viewpoint

Part 3:

Use references from the list and other academic sources to provide the following:

1. Analyse ways in (which your experiences/research) how contract principles and negotiations are within any oil & gas industry organisations are similar or different from the I.T. organisations, and why you think these similarities or differences exist.
 
2. Provide an alternative perspective of a contract regime between the state and the oil company. Assess the legality and contract cancellation impacts of implementing sustainability principles and oil & gas management. Provide a well-known example from oil & gas industry organisations.
 
3. Extend the subject into a new but relevant area related to the contract negotiations in terms of discouraging the development of marginal fields. Explain the risks, team issues and how it can be overcome of any uncertainties.

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