Abstract
In the allotment of exploitation permits the governmental and Statoil parts have in the beginning been 50 % in all. This usually is divided in 30 % to the government and 20 % to Statoil. The slide scale system gives the government the right to increase the propriety share in a development project in connection with approval of the development plans. It is also possible in some permits to use the slide scale at a later date. The slide scale system was abolished for new permits in connection with the state budget discussions in 1993. The practice of giving Statoil and SDOE a share of at least 50 % was also eased. At the allotment time the uncertainty of the resource potential and the economy in the development project was considerable. However the companies have expectations for the location potentials. On this bases they made their allotment applications for exploitation permits. The application also contained an offer for a slide scale. In connection with the allotments the companies and the authorities also negotiated for the slice scale design and level. When the final propriety composition was to be established the slide scale offers were important criterias. The background for the
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Citation Formats
Bjoerstad, Heidi, and Sunnevaag, Kjell.
Governmental exposure connected to possible slide scale execution for future field developments; Statens eksponering knyttet til mulig glideskalautoevelse paa fremtidige feltutbygginger.
Norway: N. p.,
1993.
Web.
Bjoerstad, Heidi, & Sunnevaag, Kjell.
Governmental exposure connected to possible slide scale execution for future field developments; Statens eksponering knyttet til mulig glideskalautoevelse paa fremtidige feltutbygginger.
Norway.
Bjoerstad, Heidi, and Sunnevaag, Kjell.
1993.
"Governmental exposure connected to possible slide scale execution for future field developments; Statens eksponering knyttet til mulig glideskalautoevelse paa fremtidige feltutbygginger."
Norway.
@misc{etde_20059132,
title = {Governmental exposure connected to possible slide scale execution for future field developments; Statens eksponering knyttet til mulig glideskalautoevelse paa fremtidige feltutbygginger}
author = {Bjoerstad, Heidi, and Sunnevaag, Kjell}
abstractNote = {In the allotment of exploitation permits the governmental and Statoil parts have in the beginning been 50 % in all. This usually is divided in 30 % to the government and 20 % to Statoil. The slide scale system gives the government the right to increase the propriety share in a development project in connection with approval of the development plans. It is also possible in some permits to use the slide scale at a later date. The slide scale system was abolished for new permits in connection with the state budget discussions in 1993. The practice of giving Statoil and SDOE a share of at least 50 % was also eased. At the allotment time the uncertainty of the resource potential and the economy in the development project was considerable. However the companies have expectations for the location potentials. On this bases they made their allotment applications for exploitation permits. The application also contained an offer for a slide scale. In connection with the allotments the companies and the authorities also negotiated for the slice scale design and level. When the final propriety composition was to be established the slide scale offers were important criterias. The background for the slide scale system is the wish of the authorities to involve a larger part of the basic interest in large findings. The slide scale is an attempt from the authorities to make the system progressive with respect to reserve size. This progressiveness is difficult to obtain by aid of the taxation system because the companies are the objects not the fields. In order to establish a portfolio of possible developments where the slide scale option is present we have used data rom Wood Mackenzie from March 1993. The fields which are used as well as the contribution to the government by the use of a slide scale for the single field in increased present value is shown. The yearly alterations in governmental income are shown for use of the slide scale system for all the fields in the portfolio as well as the accumulated alteration in present value. In the first years the alterations in income is negative as there is little production and large investments in the fields in the portfolio. Furthermore thereis a marked ''dip'' in the income from 2002 to 2007 as there are large investments in the development of Midgard. We also have made the same calculations when Smoerbukk Soer is replaced by a common development of Smoerbukk and Smoerbukk Soer and 34/11 is included in the portfolio. This however, only shows small alterations compared to the basic example. The accumulated governmental income shows an increase towards the year 2013 while the alterations in income will show a positive fluctuation from the year 1999 onwards in the level of 1,00 to 2,00. In the calculations there are used fields and assumptions from Wood Mackenzie, March 1993. These assumptions may seem somewhat optimistic. Therefore the alterations in the governmental income when other price premises are laid down are briefly dealt with. When a currency exchange rate of 7 NOK to 1 $ and a constant oil price are stipulated the limiting value of profits for execution of a slide scale would be apr. 16.5 $ a barrel for the portfolio as a whole.}
place = {Norway}
year = {1993}
month = {Jul}
}
title = {Governmental exposure connected to possible slide scale execution for future field developments; Statens eksponering knyttet til mulig glideskalautoevelse paa fremtidige feltutbygginger}
author = {Bjoerstad, Heidi, and Sunnevaag, Kjell}
abstractNote = {In the allotment of exploitation permits the governmental and Statoil parts have in the beginning been 50 % in all. This usually is divided in 30 % to the government and 20 % to Statoil. The slide scale system gives the government the right to increase the propriety share in a development project in connection with approval of the development plans. It is also possible in some permits to use the slide scale at a later date. The slide scale system was abolished for new permits in connection with the state budget discussions in 1993. The practice of giving Statoil and SDOE a share of at least 50 % was also eased. At the allotment time the uncertainty of the resource potential and the economy in the development project was considerable. However the companies have expectations for the location potentials. On this bases they made their allotment applications for exploitation permits. The application also contained an offer for a slide scale. In connection with the allotments the companies and the authorities also negotiated for the slice scale design and level. When the final propriety composition was to be established the slide scale offers were important criterias. The background for the slide scale system is the wish of the authorities to involve a larger part of the basic interest in large findings. The slide scale is an attempt from the authorities to make the system progressive with respect to reserve size. This progressiveness is difficult to obtain by aid of the taxation system because the companies are the objects not the fields. In order to establish a portfolio of possible developments where the slide scale option is present we have used data rom Wood Mackenzie from March 1993. The fields which are used as well as the contribution to the government by the use of a slide scale for the single field in increased present value is shown. The yearly alterations in governmental income are shown for use of the slide scale system for all the fields in the portfolio as well as the accumulated alteration in present value. In the first years the alterations in income is negative as there is little production and large investments in the fields in the portfolio. Furthermore thereis a marked ''dip'' in the income from 2002 to 2007 as there are large investments in the development of Midgard. We also have made the same calculations when Smoerbukk Soer is replaced by a common development of Smoerbukk and Smoerbukk Soer and 34/11 is included in the portfolio. This however, only shows small alterations compared to the basic example. The accumulated governmental income shows an increase towards the year 2013 while the alterations in income will show a positive fluctuation from the year 1999 onwards in the level of 1,00 to 2,00. In the calculations there are used fields and assumptions from Wood Mackenzie, March 1993. These assumptions may seem somewhat optimistic. Therefore the alterations in the governmental income when other price premises are laid down are briefly dealt with. When a currency exchange rate of 7 NOK to 1 $ and a constant oil price are stipulated the limiting value of profits for execution of a slide scale would be apr. 16.5 $ a barrel for the portfolio as a whole.}
place = {Norway}
year = {1993}
month = {Jul}
}