• DEEPWATER PETROLEUM EXPLORATION AND PRODUCTION IN THE GULF OF GUINEA


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    • ABSRACT - [ Total Page(s): 1 ]Petroleum Fiscal System (PFS) is a major determinant of investment decision in the exploration and production of oil and gas in any country. It basically describes the profitability relationship between the host government of the producing community and the International Oil Companies (IOCs). The comparative analysis of the performance of the fiscal regimes becomes imperative as it affects the interest of the investor and the production of oil and gas. During the formulation of any fiscal regime a premium is placed on its outcome.In this study, Petroleum Fiscal System (PFS) deepwater economic ... Continue Reading

         

      CHAPTER ONE - [ Total Page(s): 2 ]The countries of the Gulf of Guinea, an area in the West and Central Africa coast are made up of Nigeria, Equatorial Guinea, Gabon, Ghana, Liberia, Togo, Cameroon, Benin, Ivory Coast, Angola, Congo, Guinea, and the islands of Sao Tome and Principe. Islands in the GOG that are part of Equatorial Guinea are Annobon, Bioko, Corisco, Elobey Grande and Elobey Chico (Wikipedia, 2011). Some countries like Nigeria and Angola are already producing from offshore areas in the GOG, while others are starting to conduct exploration activities. By some estimates, West Africa already has up to ... Continue Reading