Assessment of Economic Losses of Natural Resources under the Current System of Taxation of the Oil and Gas Industry of Republic of Uzbekistan and Proposals for their Improvement through Econometric Analysis

2020 ◽  
Vol 24 (4) ◽  
pp. 6636-6644
Author(s):  
Safarov Shokhjakhon Ilkhomovich
Keyword(s):  
Natural Resources ◽  
Oil And Gas ◽  
Current System ◽  
Oil And Gas Industry ◽  
Econometric Analysis ◽  
Economic Losses ◽  
Gas Industry

RAM analysis of dynamic positioning system: An approach taking into account uncertainties and criticality equipment ratings

2021 ◽  
pp. 1748006X2110518
Author(s):  
Maria V Clavijo ◽  
Adriana M Schleder ◽  
Enrique Lopez Droguett ◽  
Marcelo R Martins
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Economic Losses ◽  
Gas Industry ◽  
Dynamic Positioning System ◽  
Failure Data ◽  
Total Failure ◽  
Drilling Operations ◽  
Maintainability Analysis ◽  
Ram Analysis

Currently, a Dynamic Position (DP) System is commonly used for offshore operations. However, DP failures may generate environmental and economic losses; thus, this paper presents the Reliability, Availability and Maintainability (RAM) analysis for two different generations of DP system (DP2 and DP3) used in drilling operations. In addition to the RAM analysis, the approach proposed herein considers the uncertainties present in the equipment failure data and provides more information about criticality equipment ratings and probability density functions (pdf) of the repair times. The reliability analysis shows that, for 3 months of operation, the total failure probability of the DP2 system is 1.52% whereas this probability for the DP3 system is only 0.16%. The results reveal that the bus-bar is the most critical equipment of the DP2 system, whereas the wind sensor represents the priority equipment in the DP3 system. Using 90% confidence level, each DP configuration was evaluated for a 1-year operation, finding a reliability mean equal to 70.39% and 86.77% for the DP2 system and the DP3 system, respectively. The DP2 system asymptotic availability tends to present a constant value of 99.98% whereas for the DP3 system, it tends to be 99.99%. Finally, the maintainability analysis allows concluding that the mean time for system repair is expected to be 3.6 h. This paper presents a logical pathway for analysts, operators, and reliability engineers of the oil and gas industry.

scholarly journals ARBITRATION AND PUBLIC POLICY IN BRAZIL: A STUDY BASED ON ‘LULA CASE’

2018 ◽  
Vol 4 (5-6) ◽  
pp. 223-264
Author(s):  
Carolina Barreira Lins
Keyword(s):  
Public Policy ◽  
Natural Resources ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The State ◽  
Gas Industry ◽  
National Courts ◽  
Arbitration Clause ◽  
Exploration And Production ◽  
The Right

This work examines the subject of jurisdiction and arbitrability of issues related to energy and natural resources in the world, in order to enhance the arbitration institute in Brazil. The study is based on a recent case pending in Brazilian courts, named “Lula case”, which refer to a dispute between the State and concessionaires that grant the right to explore and produce oil and gas in a determined area. The presence of arbitration clauses in the concession contracts for exploration and production of oil and gas in Brazil raises questions related to the disposability of the rights concerned. It is paramount to set benchmarks on arbitral tribunals’ power to decide on these matters and to define to what extent arbitral awards may defy public policy, national sovereignty over natural resources and national courts’ jurisdiction to render decisions in this regard. Otherwise, the randomness of judicial decisions makes the arbitration clause ineffective. Moreover, the Lula case arises substantive issues related to the necessity to protect investors in the oil and gas industry, since acts arguably connect to the State policy power may cause damages to the private parties. The work critically examines the decision given by national courts so far and proposes an international approach to face situations involving the State and the necessity to protect investors in the oil and gas industry.

scholarly journals ARBITRATION AND PUBLIC POLICY IN BRAZIL: A STUDY BASED ON ‘LULA CASE’

2018 ◽  
Vol 4 (5-6) ◽  
pp. 223-264
Author(s):  
Carolina Barreira Lins
Keyword(s):  
Public Policy ◽  
Natural Resources ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The State ◽  
Gas Industry ◽  
National Courts ◽  
Arbitration Clause ◽  
Exploration And Production ◽  
The Right

This work examines the subject of jurisdiction and arbitrability of issues related to energy and natural resources in the world, in order to enhance the arbitration institute in Brazil. The study is based on a recent case pending in Brazilian courts, named “Lula case”, which refer to a dispute between the State and concessionaires that grant the right to explore and produce oil and gas in a determined area. The presence of arbitration clauses in the concession contracts for exploration and production of oil and gas in Brazil raises questions related to the disposability of the rights concerned. It is paramount to set benchmarks on arbitral tribunals’ power to decide on these matters and to define to what extent arbitral awards may defy public policy, national sovereignty over natural resources and national courts’ jurisdiction to render decisions in this regard. Otherwise, the randomness of judicial decisions makes the arbitration clause ineffective. Moreover, the Lula case arises substantive issues related to the necessity to protect investors in the oil and gas industry, since acts arguably connect to the State policy power may cause damages to the private parties. The work critically examines the decision given by national courts so far and proposes an international approach to face situations involving the State and the necessity to protect investors in the oil and gas industry.

scholarly journals Economic Impact and Risk Assessment of Sand and Dust Storms (SDS) on the Oil and Gas Industry in Kuwait

2019 ◽  
Vol 11 (1) ◽  
pp. 200 ◽  
Author(s):  
Ali Al-Hemoud ◽  
Ali Al-Dousari ◽  
Raafat Misak ◽  
Mane Al-Sudairawi ◽  
Adil Naseeb ◽  
...  
Keyword(s):  
Risk Assessment ◽  
Project Management ◽  
Economic Impact ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Dust Storms ◽  
Economic Losses ◽  
Gas Industry ◽  
Sand Encroachment ◽  
Damaging Effects

There is a lack of published research on the economic effect and the risk associated with sand and dust storms (SDS) worldwide. The objectives of this study are to estimate the economic impact of SDS on the oil and gas industry in Kuwait, to estimate a risk index for each loss, and to recommend a sustainable system for the mitigation of the damaging effects and economic losses of infrastructures. Hot spots of wind erosion, wind corridors, and dust frequency and severity formed the basis to locate the most susceptible oil and gas fields and operations. Ten sectors with potential loss vulnerabilities were evaluated: exploration, drilling, production, gas, marine, soil remediation, project management, water handling, maintenance, and research and development. Sand encroachment, although not a sector per se, was also considered. The results indicate that sand, and to lesser extent dust, are damaging and costly to the oil and gas infrastructure of Kuwait, with an economic cost estimation of US$9.36 million, a total of 5159 nonproductive lost hours, and 347,310 m3 of annual sand removal. A risk assessment identified three sectors with the highest risk indices (RI): drilling (RI = 25), project management (RI = 20), and maintenance (RI = 16). Sand encroachment also constituted a high risk (RI = 25). Mitigation of sand storms using a hybrid biological–mechanical system was shown to be cost-effective with an equivalent saving of 4.6 years of sand encroachment. The hazard implications of sand storm events continue to be a major concern for policy-makers given their detrimental economic impacts, and require that government officials wisely allocate investment budgets to effectively control and mitigate their damaging effects.

scholarly journals ARBITRATION AND PUBLIC POLICY IN BRAZIL: A STUDY BASED ON ‘LULA CASE’

2017 ◽  
Vol 4 (5-6) ◽  
pp. 223-264
Author(s):  
Carolina Barreira Lins
Keyword(s):  
Public Policy ◽  
Natural Resources ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The State ◽  
Gas Industry ◽  
National Courts ◽  
Arbitration Clause ◽  
Exploration And Production ◽  
The Right

This work examines the subject of jurisdiction and arbitrability of issues related to energy and natural resources in the world, in order to enhance the arbitration institute in Brazil. The study is based on a recent case pending in Brazilian courts, named “Lula case”, which refer to a dispute between the State and concessionaires that grant the right to explore and produce oil and gas in a determined area. The presence of arbitration clauses in the concession contracts for exploration and production of oil and gas in Brazil raises questions related to the disposability of the rights concerned. It is paramount to set benchmarks on arbitral tribunals’ power to decide on these matters and to define to what extent arbitral awards may defy public policy, national sovereignty over natural resources and national courts’ jurisdiction to render decisions in this regard. Otherwise, the randomness of judicial decisions makes the arbitration clause ineffective. Moreover, the Lula case arises substantive issues related to the necessity to protect investors in the oil and gas industry, since acts arguably connect to the State policy power may cause damages to the private parties. The work critically examines the decision given by national courts so far and proposes an international approach to face situations involving the State and the necessity to protect investors in the oil and gas industry.

scholarly journals Exploitation of Natural Resources in Oil and Gas Industry: Common Factors of Use and Conservation of Ecological Systems

2019 ◽  
Vol 29 (4) ◽  
pp. 523-532
Author(s):  
Genrietta Rusetskaya
Keyword(s):  
Natural Resources ◽  
System Analysis ◽  
Oil And Gas ◽  
Negative Impact ◽  
Natural Capital ◽  
Oil And Gas Industry ◽  
Ecological Systems ◽  
Engineering System ◽  
Gas Industry ◽  
Environmental Laws

The lack of a realistic estimate of the natural capital largely determines the economic and ecological problems in different sectors of economy. Economically inefficient use of the natural capital leads to its depletion. Flouting of environmental laws, when developing and applying technologies of exploitation of natural resources, has a detrimental effect on the environment, destroying the ecological systems. Exploitation of natural resources in oil and gas industry and development of highly sophisticated natural-engineering systems cause disruption of the ecological balance in the environment and shift in the balance of the environmental components: matter, energy and information. Stabilization of such systems and restoring their disturbed or lost balance puts the attitude towards the environment as a natural system in the forefront. Resistance of this system is regulated by natural environmental laws. Unbiased evaluation of the state of the natural-engineering system in exploitation of natural resources should be given on the basis of the system analysis. Such analysis presupposes interaction and interdependence of all the components and also internal and external interrelations of natural and technogenic subsystems. The analysis requires an integrated approach to consider the processes of use of raw materials, pollution of the biosphere components with hydrocarbons and other substances, and also risk assessment of their negative impact through biogeochemical cycles. Due to the increase of the share of difficult oil, deterioration of its quality, creation of new centres of exploitation of natural resources, it has become essential to find ecologically and economically substantiated solutions taking into account natural laws.

Corrosion Analysis of Carbon Steel Pipeline: Effect of Different Sulfuric Acid Concentrations

2014 ◽  
Vol 699 ◽  
pp. 215-220 ◽  
Author(s):  
Mohd Asyadi Azam ◽  
Mohd Fuad Ibrahim ◽  
Muhammad Zaimi
Keyword(s):  
Sulfuric Acid ◽  
Corrosion Rate ◽  
Surface Morphology ◽  
Oil And Gas ◽  
Internal Surface ◽  
Oil And Gas Industry ◽  
Optical Microscope ◽  
Economic Losses ◽  
Gas Industry ◽  
Prevention Method

Oil and gas industry has been hugely contributing any government income and this industry is highly required to control corrosion failures in pipelines which may potentially cause substantial human and economic losses. The objective of this study is to study the effect of sulfuric acid (H2SO4) electrolyte concentration to corrosion behavior of the internal surface of natural gas pipeline by using Tafel extrapolation method. Surface morphology of the samples is studied using optical microscope and scanning electron microscope to investigate the correlation between the corrosion rate and surface morphology. As results, the corrosion rate increases with higher concentration of H2SO4. Microscopic analyses also confirmed the presence of pitting corrosion, and micrometer thick of corrosion product was developed on the surfaces. The data can be used to managing the pipelines effectively and prevention method can be taken in order to extend the life span of the pipeline.

scholarly journals ARBITRATION AND PUBLIC POLICY IN BRAZIL: A STUDY BASED ON ‘LULA CASE’

2018 ◽  
Vol 4 (5-6) ◽  
pp. 223-264
Author(s):  
Carolina Barreira Lins
Keyword(s):  
Public Policy ◽  
Natural Resources ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The State ◽  
Gas Industry ◽  
National Courts ◽  
Arbitration Clause ◽  
Exploration And Production ◽  
The Right

This work examines the subject of jurisdiction and arbitrability of issues related to energy and natural resources in the world, in order to enhance the arbitration institute in Brazil. The study is based on a recent case pending in Brazilian courts, named “Lula case”, which refer to a dispute between the State and concessionaires that grant the right to explore and produce oil and gas in a determined area. The presence of arbitration clauses in the concession contracts for exploration and production of oil and gas in Brazil raises questions related to the disposability of the rights concerned. It is paramount to set benchmarks on arbitral tribunals’ power to decide on these matters and to define to what extent arbitral awards may defy public policy, national sovereignty over natural resources and national courts’ jurisdiction to render decisions in this regard. Otherwise, the randomness of judicial decisions makes the arbitration clause ineffective. Moreover, the Lula case arises substantive issues related to the necessity to protect investors in the oil and gas industry, since acts arguably connect to the State policy power may cause damages to the private parties. The work critically examines the decision given by national courts so far and proposes an international approach to face situations involving the State and the necessity to protect investors in the oil and gas industry.

scholarly journals The simplification of Upstream Oil and Gas Business license in Indonesia

2020 ◽  
Vol 9 (2) ◽  
pp. e16921950
Author(s):  
Emanuel Sujatmoko ◽  
Mailinda Eka Yuniza ◽  
Deendarlianto ◽  
Tutuko Ariadji ◽  
Rina Mardiana ◽  
...  
Keyword(s):  
Natural Resources ◽  
Public Services ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Integrated Services ◽  
Conceptual Approach ◽  
Gas Industry ◽  
One Stop ◽  
The Government

Oil and Gas is natural resources in Indonesia which is the business related to is regulated in Law Number 22 of 2001 about Oil and Gas. There are two kinds of business related to oil and gas that are upstream and downstream. In upstream oil and gas business, there still a lot problem faced by the government and the enterprises. Thus, it is needed simplification license for upstream oil and gas in order to increase investment which will lead into effective and efficient public services. Normative law here is applied as method to analyze the regulations related to oil and gas industry license. Furthermore, the approach used here are statute approach and conceptual approach. The results reveal that the Licensing for Utilization of Resources and/or Infrastructure of Upstream Oil and Gas Business does not yet have a synchronization of authority in the issuance of these licenses. In order to obtain effective and efficient upstream oil and gas business licensing services, it is necessary to synchronize and harmonize regulations and it is need a one-stop licensing service as referred to the Presidential Regulation Number 97 of 2014 concerning Implementation of One Stop Integrated Services.

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