Stochastic modeling of natural resource discovery — The case of oil and gas

2006 ◽  
pp. 334-351
Author(s):  
Eytan Barouch
Keyword(s):  
Stochastic Modeling ◽  
Natural Resource ◽  
Oil And Gas ◽  
Resource Discovery

Natural resource governance, accountability and legitimising propensity: insights from Ghana's oil and gas sector

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Emmanuel Asare ◽  
Bruce Burton ◽  
Theresa Dunne
Keyword(s):  
Natural Resource ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Resource Discovery ◽  
Legitimacy Theory ◽  
Structured Interviews ◽  
Content Type ◽  
Resource Governance ◽  
Wide Range ◽  
The Impact

PurposeThis study explores Ghanaian views about accountability discharge by firms and government in the context of the nation's newly discovered oil and gas resources. The research focusses on a range of issues relating to stakeholder interaction, communication flows and the impact of decision-making on Ghanaian lives, as perceived by individuals on the ground.Design/methodology/approachThe paper adapts elements of legitimacy theory to interpret the outcome of a series of semi-structured interviews with members of key accountee and accountor groups including citizens and representatives of the state and private firms in the oil and gas industry in Ghana.FindingsThe results indicate that rather than attempting to effect substantive accountability discharge, Ghana's government and oil and gas firms employ a wide range of legitimation strategies despite the apparently complete absence of the accountee power normally seen as driving the need for social contract repair.Research limitations/implicationsThe findings suggest that accountability discharge in Ghana is cursory at best, with several legitimising strategies in evidence. The representatives from state institutions appear to share some of the concerns, suggesting that the problems are entrenched and will require robust enforcement of a strengthened regulatory approach to effect meaningful change.Originality/valueThis paper contributes to the literature on the discharge of institutional accountability by building on earlier conceptualisations of legitimacy theory to explore perceptions around a recent natural resource discovery. The analysis highlights grave concerns regarding the behaviour of state and corporate actors, one that runs counter to sub-Saharan African tradition.

Evaluating Oil Spill Risks through Stochastic and Deterministic Trajectory Modeling

2017 ◽  
Vol 2017 (1) ◽  
pp. 2017247
Author(s):  
Keyword(s):  
Stochastic Modeling ◽  
Oil Spill ◽  
Oil And Gas ◽  
Natural Variability ◽  
Potential Consequence ◽  
Oil And Gas Exploration ◽  
Exploration And Production ◽  
Modeling Strategy ◽  
Computational Resources ◽  
Spatially Varying

Oil spill risks associated with oil and gas exploration and production are changing as industry moves to deeper water. Computer-based modeling is typically used to quantify the fate and trajectory of sub sea releases (e.g., well blowouts). Stochastic modeling has become common as computational resources have grown, allowing for a large number of combinations of met ocean parameters to be evaluated. Simulating many potential realizations of a single discharge event allows for the calculation of spatially varying probabilities of oiling due to natural variability in the prevailing wind and current, but this needs to be treated separately from the likelihood of the sub sea release occurring to appropriately evaluate the oil spill risks of the offshore activity. Some industry guidance explicitly recognizes that the likelihood of a discharge event occurring is independent of the natural variability of the environmental setting and correctly treat these items as statistically independent; however, this distinction is sometimes lost in practice. In these instances, the resulting oil spill risk assessments may inadvertently be based on highly improbable combinations of release conditions and met ocean forcing. A transparent and robust risk-based oil spill risk assessment needs to explicitly communicate the differences between the likelihood of a release event occurring and the probabilities of the potential trajectories that could result under different combinations of met ocean parameters. This poster uses a hypothetical deepwater blowout to illustrate how stochastic and deterministic modeling can be combined to characterize the probability distribution associated with the (variable) potential consequence of a discharge event. The proposed modeling strategy allows for the set of trajectories generated by stochastic modeling to be ranked based on various metrics of interest (e.g., volume of water column swept, area of surface slick, or volume of oil ashore) so the distribution of potential consequence can be evaluated. Following recently industry guidance (IPECA-OGP), it is suggested that the most probably deterministic trajectory be paired with statistical analysis, although the strategy allows for an identifiable amount of conservatism to be incorporated into the analyses by selecting one or more other trajectories for detailed impacts assessment.

scholarly journals The legal system of tax income and tariff revenue in the natural resources and mining sector of Uganda: obstacles and challenges in collecting taxes, duties, parliamentary and judicial control

2019 ◽  
Vol 6 (1) ◽  
pp. 71-82
Author(s):  
Gloria Kembabazi ◽  
John Osapiri
Keyword(s):  
Natural Resources ◽  
Natural Resource ◽  
Oil And Gas ◽  
Policy Framework ◽  
Government Revenue ◽  
Judicial Control ◽  
Resource Governance ◽  
Natural Resource Governance ◽  
Legal Provisions ◽  
Legal Foundations

This paper examines the legal foundations of taxation of minerals examining legal provisions concerning natural resources generally and, mining as a sector - with oil and gas as one of the emerging sub-sectors for regulation. The paper examines the challenges and offers potential solutions with a view that economic policymaking is critical and the legal and policy framework must be critically structured and carefully implemented to allow for maximum government revenue and positive natural resource governance.

A Legislative Proposal for Public Participation in Oil and Gas Decision-Making in Nigeria

2010 ◽  
Vol 54 (2) ◽  
pp. 184-211 ◽  
Author(s):  
Chilenye Nwapi
Keyword(s):  
Decision Making ◽  
Public Participation ◽  
International Law ◽  
Natural Resource Management ◽  
Natural Resource ◽  
Oil And Gas ◽  
Gas Laws ◽  
The People ◽  
Legislative Proposal ◽  
Legislative Framework

AbstractNigeria is on the verge of comprehensively reviewing its oil and gas laws. The review is aimed at, among other things, addressing the conflicts associated with the management of the resources and, especially, the affect on the people of the oil producing region of the country who have been vigorously protesting about their alienation from the resources. Drawing on the international law of public participation in natural resource management, this article seeks to develop a viable legislative framework for public participation in oil and gas decision-making that Nigeria can adopt. A viable legislative framework must take into account the various factors that shape the effectiveness of participation and the elements that promote the objectives of participation. It is premised on the ground that looking to international prescriptions might help to elucidate gaps in domestic laws, as well as alternatives to overcome them.

scholarly journals KETIMPANGAN PENDAPATAN DAN POTENSI SEKTORAL DI KALIMANTAN TIMUR TAHUN 2002-2004

1969 ◽  
Vol 2 (3) ◽  
Author(s):  
Mayahayati Kusumaningrum
Keyword(s):  
Natural Resource ◽  
Oil And Gas ◽  
Local Development ◽  
Third Sector ◽  
Oil And Gas Industry ◽  
Developed Countries ◽  
Economic Activities ◽  
Location Quotient ◽  
Gas Industry ◽  
East Kalimantan

One of common characteristics of the less-developed countries is widespread of economic inequality among their regions. The problem of regional disparity occurs due to differentiation of both quality and quantity of human and natural resources. Indonesia is a classic example of a country with deep economic gap among its provinces. Ironically, East Kalimantan as one of the richest provinces in Indonesia has experienced the similar case. The development of Cities is approximately faster than that of Districts. Such situation is contributed by some factors such as concentration of economic activities, uneven distribution of investment, mobility rate of production, deprived domestic and international trade, etc. The implementation of policy on regional autonomy is intended to minimize such development upheaval. To some extent, however, autonomy laws have been sharpening the disparity among regions, particularly between oil-and-gas-based-regions and non-oiland- gas-based-regions. It means that natural resource (i.e. oil and gas) industry plays crucial role in escalating local development, especially where third sector (services, technology-based, communication, etc) is poorly developed. In the long-term perspective, the dependency on natural resource which is nonrenewable should be shifted to other sector having the potency to be continuously renewed. By using affiliation from Location Quotient (LQ) analysis, this paper tries to excavate the potency and inequality of economic development in East Kalimantan Province. The analysis aims to identify the priority of sound development sector in certain area and finding out the area owning advantage of location from any sector, in order to improve efficiency of economic activities.Keywords: ketimpangan ekonomi/pendapatan, sektor potensial, Kalimantan Timur.

scholarly journals Sustainability Reporting and Accounting in Measuring the Costs of Flared Dry Gas Industry

2021 ◽  
pp. 62-70
Author(s):  
Sandoval Ross ◽  
Ed. Thompson
Keyword(s):  
Sustainable Development ◽  
Natural Gas ◽  
Crude Oil ◽  
Natural Resource ◽  
Oil And Gas ◽  
Sustainability Reporting ◽  
Gas Industry ◽  
Large Loss ◽  
Sustainability Accounting ◽  
Harmful Effects

The sector oil and gas are very importance in the Iraqi economy, and natural gas cause less pollution to the environment. Due to the conditions that the country went through, the existing infrastructure is unable to process the quantities of natural gas associated with the extraction of crude oil, therefore it is treated by burning. This has harmful effects on the environment and society. In addition, the expenditure on treating is very large and the country suffer a large loss of revenue in the atmosphere. Therefore, the responsible authorities should decide to limit these burning processes through the information on economy, environment and society that sustainability accounting provides. Also, the company being studied shows that there are a lot of costs incurred by burning dry gas for two reasons: compressors stop working and network pressure. This is a waste of the natural resource and of large sums that could have been revenues for the country. Although there are also disadvantages on the environment and society, the company’s expenditure on the environment and society is small compared to the costs spent on producing dry gas. This does not support sustainable development, and the study concludes with some conclusions and recommendations.

scholarly journals Reform of the system of oil and gas natural resource payments for the purposed of attracting investments: the experience of the People’s Republic of China

2020 ◽  
pp. 8-18
Author(s):  
Gleb Panfilov ◽  
Yui Gao
Keyword(s):  
State Government ◽  
Natural Resource ◽  
Oil And Gas ◽  
National Development ◽  
Executive Branch ◽  
Russian Language ◽  
Republic Of China ◽  
Legal Reforms ◽  
Historical Comparison ◽  
Legislative Changes

The subject of this research consists in the analysis of the experience of the People’s Republic of China (PRC) on reform of the system of taxation of oil and natural gas extraction, which can present significant interest for Russian executive branch and researchers in the conditions of reform of Russian natural resource legislation, as well as introduction of the excess profit tax (Article 25.4 of the Taxation Code of the Russian Federation). Moreover, this is the first Russian-language writer article on exploring the content of the new PRC law “On Resource Tax”, which will be enacted from September 1, 2020. Based on the works of Russian, American, and Chinese scholars alongside Russia’s and China’s legislations, the article employs the method of synchronized and diachronic (historical) comparison and general scientific methods (formal-logical, analysis, synthesis) for determining peculiarities of China’s approach towards execution of legal reforms. The following specificities of China’s legal reforms were determined: preliminary formulation of goals of the legislative changes at the highest levels of state government, testing of the legislative changes in the territories of separate provinces, priority of goals of national development over budget revenue, adaptation of traditions of China’s legal technique to the requirements of foreign investors. The conclusions made in this research can be of interest for lawmakers, as well as all parties interested in comparative legal studies.  

scholarly journals Energy and the New Constitution

1985 ◽  
Vol 23 (1) ◽  
pp. 101
Author(s):  
Brian W. Semkow
Keyword(s):  
North America ◽  
Natural Resources ◽  
Natural Resource ◽  
Future Development ◽  
Oil And Gas ◽  
British North America ◽  
The Future ◽  
The Face

The Constitution Act, 1982 contains two natural resource provisions which amend the British North America Act. On the face of these provisions, the formal jurisdiction which provinces can exercise over natural resources in general, and over onshore oil and gas in particular, has been substantially bolstered. It is unclear, however, whether these provisions add very much substantively to the powers the provinces possessed (or were exercising) prior to the passing of the Constitution Act, 1982. This paper will analyse the new natural resource provisions to determine how they will affect the jurisdiction provinces will have over the future development of onshore oil and gas, and the revenues to be derived therefrom.

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