• University College London Featured PhD Programmes
  • University of Glasgow Featured PhD Programmes
  • National University of Singapore Featured PhD Programmes
  • University of East Anglia Featured PhD Programmes
  • Northumbria University Featured PhD Programmes
  • University of Leeds Featured PhD Programmes

Postgrad LIVE! Study Fair


European Molecular Biology Laboratory (Heidelberg) Featured PhD Programmes
ESPCI Paris Tech Featured PhD Programmes
Monash University Featured PhD Programmes
Loughborough University London Featured PhD Programmes
Newcastle University Featured PhD Programmes

Designing Petroleum Fiscal Terms in a Volatile Price Environment

Project Description

Around the world in petroleum producing countries the fiscal terms (including royalties, corporate tax, resource rent tax, cost recovery and profit-sharing terms in Production Sharing Contracts, and fees and taxes in service contracts) attract much attention by investors and host governments. Much controversy is often generated regarding the appropriate level and structure in an environment of volatile oil prices and major cost inflation and deflation. To optimise the level and structure of the fiscal arrangements when the prospective economic rents can vary enormously with plausible price and cost movements is difficult but important.

PhD supervision on this subject can be provided at the University of Aberdeen in the Department of Economics. Professor Alex Kemp has produced many research papers on this subject. These have included the conceptual basis for the design of an efficient system, and many empirical studies of how actual schemes have operated in practice. Such studies have included the UK, Norway, Denmark, the Netherlands, Nigeria, Indonesia, Malaysia, Australia, Canada, and the U.S.A. (including Alaska). In addition Professor Kemp has advised many host governments and other bodies such as the World Bank on licensing, tax, and profit-sharing arrangements. This has also included analysis of the role of national oil companies.

In the Department of Economics there is also a library of past dissertations on this subject and much information on the actual royalty, tax and profit-sharing terms in oil producing countries around the world.

Applicants interested in this research project should submit a more detailed research proposal (of a maximum of 2000 words) that expands on the broad outline given abroad.

Funding Notes

This project is funded by a University of Aberdeen Elphinstone Scholarship. An Elphinstone Scholarship covers the cost of tuition fees, whether Home, EU or Overseas.

Selection will be made on the basis of academic merit.

Related Subjects

How good is research at Aberdeen University in Economics and Econometrics?

FTE Category A staff submitted: 19.25

Research output data provided by the Research Excellence Framework (REF)

Click here to see the results for all UK universities

Email Now

Insert previous message below for editing? 
You haven’t included a message. Providing a specific message means universities will take your enquiry more seriously and helps them provide the information you need.
Why not add a message here
* required field
Send a copy to me for my own records.

Your enquiry has been emailed successfully

Cookie Policy    X