| Author | Pinto, Vicente da Costa |
| Call Number | AIT Thesis no.OTM-10-12 |
| Subject(s) | Petroleum industry and trade--Government ownership--Timor-Leste
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| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering in Offshore Technology and Management, School of Engineering and Technology |
| Publisher | Asian Institute of Technology |
| Series Statement | Thesis ; no. OTM-10-12 |
| Abstract | Timor-Leste is a newly small sovereign country situated among the giant countries Indonesia and Australia. Timor-Leste poten tially has hydrocarbons resources that cover: Joint Petroleum Development Area (JPDA) with Australia in Timor Sea, offshore jurisdiction area and onshore area. Presently, the State revenues predominantly dependent the revenue stream from Bayu Undan oil field in JPDA about 95%. For the future economic development of the country, petroleum sector is the main key and considered as “prime mover” and because of this it has to be developed properly in order to meet the Government of Timor-Leste (GoTL) objectives. In the effort to get a maximum benefit of the sector, the GoTL is willing to participate actively petroleum business, especially in the E & P within it’s national territory by creating National Oil Company (NOC) to exercise the government option to back in with maximum 20% as stipulat ed in the Petroleum Activities Act. The purpose of this thesis is to perform an economic analysis in the case of the NOC participation under the current Production Sharing Contract (PSC) that employed fixed rate on royalty and profit share. This thesis is also intended to provide the GoTL an alternative PSC model based on Sliding Scale Mechanism on royalty and profit oil share linked to the oil production targets. In addition, to conduct a comparative fiscal analyses in the neighboring countries like Australia, Indonesia and Malaysia. The expected result of this is comparing whether the commercial terms of the PSC model to be applied in the case of the NOC participation are maintaining a level of attractiveness for investors while, at the same time, maintaining a profitable position for the state. |
| Year | 2010 |
| Corresponding Series Added Entry | Asian Institute of Technology. Thesis ; no. OTM-10-12 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Offshore Technology and Management (OTM) |
| Chairperson(s) | Chiu, Gregory L.F.;Thitisak Boonpramote |
| Examination Committee(s) | Poovadol Sirirangsi |
| Scholarship Donor(s) | The Government of Timor-Leste |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 2010 |