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Tag Archives: Oil management
Little Information Known About Oil, Gas: Survey
A new survey suggests that many of Cambodia’s smaller business entrepreneurs are not fully aware of the development of the extractive industry. The survey, initiated by Cambodians for Resource Revenue Transparency and issued Tuesday, found that out of 548 companies, most had little knowledge of the sector and that information was lacking in both the media and the business community. However, observers say development of these resources, especially in oil and gas, will require good management and will affect many businesses Continue reading
Explaining spending oil and gas revenues remained unclear
Concerns over the management of oil and gas revenues by public and opposition parties, so far, there are 23 companies having been awarded rights to explore for oil and gas in Cambodia’s offshore but not all of them are operating. … Continue reading
Contracts for Petroleum Development – Part 3
The flows of oil revenues are quite complex. This note presents the results of two hypothetical simulations — one a progressive production sharing regime and the other regressive – to illustrate qualitatively how they affect the amount and timing of … Continue reading
Posted in Oil and gas
Tagged Oil and gas, oil drilling, Oil exploration, oil industry, Oil management
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Contracts for Petroleum Development – Part 2
Petroleum contracts are long and complex. Production sharing agreements, the type of contracts being signed in Cambodia, are no exception. However, they are important to the country’s future economic and development options and hence it would be helpful if the … Continue reading
Posted in Oil and gas
Tagged gas price, Oil and gas, oil drilling, Oil management, oil price, petroleum industry
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Country Experience with EITI – Part 2
TA dedicated website, appointment of a former Minister of Finance as the overall coordinator, a petroleum law requiring revenue disclosure, and a decree establishing a multi-stakeholder committee are some of the ways that the countries that have endorsed the Extractive … Continue reading
Country Experience with EITI – Part 1
Twenty-seven countries are at various stages of implementing the Extractive Industries Transparency Initiative (EITI). One of the earliest implementers, Nigeria, estimates that EITI helped increase petroleum revenues to the government by US$ 1 billion in 2004 and 2005. This note … Continue reading