This work includes practical examples and step-by-step calculations, along with illustrations and diagrams. It covers everything from historical development of contracts to terminology of accounting and negotiations to threshold field size analysis, to the arithmetic behind contract terms.

International exploration and production is challenging and exciting. Negotiating with governments and understanding the dynamics of their fiscal systems and/or production sharing contracts can mean the difference between success and failure. Long-time industry consultant, negotiator and lecturer, Daniel Johnston, provides an extremely clear and practical perspective on:
• international exploration economics and risk analysis, • petroleum fiscal system analysis and design, • contract negotiations, • economic, financial and accounting aspects of production...

Basic principles are widely understood in the financial industry, but the terminology and analytical techniques can vary greatly. This book is written for the nonfinancial shareholders, managers, and oil company employees interested in the forces that influence stock values. The bottom line in any company is expressed in the language of finance. This book explains financial concepts in a nontechnical, practical way so that nonfinancial professionals and others may understand and appreciate this aspect of the business. When the first edition of this book was written, companies disclosed...