The sensitivity analysis of main factors of IPC’s cash flow and its comparison to Buy back contracts case study: Darkhowein field
| Autor: | Amirabbas Farnoudi, Mohamad mahdi Asgari, Mahdi Sadeghi Shahedani, Ali Taheri Fard |
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| Jazyk: | perština |
| Rok vydání: | 2018 |
| Předmět: | |
| Zdroj: | Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān, Vol 8, Iss 29, Pp 171-193 (2018) |
| Druh dokumentu: | article |
| ISSN: | 2423-5954 2476-6437 |
| DOI: | 10.22054/jiee.2019.9920 |
| Popis: | In this article the rate of return (ROR) and risk factors faced by international oil company (IOC), in IPC contract of Darkhowein oil field is modeled. For this purpose, we analyze the IPC contract specific risk factors that can contribute to a reduction in the rate of return for the international oil company including oil price, production level, capital cast, operating cost, and remuneration. The results of the cash flow risk analysis show the impact of these factors on the contractor's rate of return on IPC contracts is not significant in comparison to Buy-back contracts. The most important risk factor in Buy-back contracts is capital cast, which affects a large part of the contractor's returns, but in these contracts, this risk has been significantly reduced due to the government's additional compensation. In general, according to the results, it can be said that in IPC contracts, the contractor's return rate has not been heavily influenced by risk factors, and therefore the risk of the international oil company has fallen in these contracts. |
| Databáze: | Directory of Open Access Journals |
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