A study guide to optimize Thailand petroleum fiscal regimes | |
| Author | Sarun Sumransub |
| Call Number | AIT Thesis no.OTM-11-08 |
| Subject(s) | Petroleum industry and trade--Government ownership--Thailand Petroleum industry and trade--Finance--Thailand |
| 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-11-08 |
| Abstract | An optimization benefit from the exploration and production of petroleum resources is the most significant of petroleum fiscal regimes. Since, some critical factors of the current fiscal systems are still overlooked when designing the fiscal terms. The ideal fiscal systems should be designed with a simple application to provide the fair share to the contractors as rate of return (ROR) on capital investments and compensate enough resource rent to the government. In addition, the oil price is volatile due to the oil producing country political risk, economics crisis and high demand of world oil consumption. The balance of share between host governments and contractors seem to be unfairness. Therefore, the designing efficient fiscal systems are examined in this thesis and perform economic analysis in the case of Thailand petroleum fiscal regimes that employed the concessionary system. The analysis examines and compares a current Thailand fiscal system (Thai III) with a new design fi scal arrangement as Thailand alternative fiscal system (TAS). In order to propose TAS, the cash flow analysis is examined to compare the differences of both systems by apply the exploration and production data of onshore and offshore oil field project in Thailand. The results of analysis are presented and discussed so as to achieve the efficient fi scal terms. As the expected outcomes of this analysis are determination a reasonable return to the contractor and maximize the incentives to Thailand government thorough the efficient and simple features of TAS. |
| Year | 2011 |
| Corresponding Series Added Entry | Asian Institute of Technology. Thesis ; no. OTM-11-08 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Offshore Technology and Management (OTM) |
| Chairperson(s) | Chiu, Gregory L. F.; Thitisak Boonpramote |
| Examination Committee(s) | Park, Kyung-Ho |
| Scholarship Donor(s) | Royal Thai Government Fellowship |
| Degree | Thesis (M. Eng) - Asian Institute of Technology, 2011 |