Matches in SemOpenAlex for { <https://semopenalex.org/work/W2964498943> ?p ?o ?g. }
Showing items 1 to 74 of
74
with 100 items per page.
- W2964498943 abstract "Abstract Revenue from petroleum operations remains the most important contributor to government expenditures in Nigeria. Hence, the onus is on the central government to design fiscal regime that would maximize economic rents to the nation. The Petroleum Industry Fiscal Bill (PIFB) of 2018 seems to be the awaited bill that may satisfy the economic objectives of the Nigerian government. PIFB 2018 proposes the replacement of the default petroleum profit tax with single tax system, petroleum income tax and additional petroleum income tax to cater for windfall profits. This research uses deterministic spreadsheet approach to evaluate the impacts of this new tax scheme on the profitability of oil ventures in Nigerian deep-water production sharing contracts. The deterministic results were subjected to Monte Carlo Simulation using Crystal Ball Risk analysis software to account for risks and uncertainties inherent in the business. The typical project examined under PIFB (2018) generated a positive Net Present Value (NPV) of MM$595.18, an Internal Rate of Return (IRR) of 23.7% which is higher than opportunity cost of capital, Profitability Index (PI) of 1.34, Contractor take of 11.9% and Host Government take of 88.1%. All evaluated indicators gave positive results meaning that investments under this new fiscal regime will be profitable giving the government higher take as compared to the current regime. The results also show that the contractor take can increase to as high as 25% taking advantage of Reserves Replacement Ratio (RRR) tied to additional production allowance. The bill however, does not explicitly state the conditions for cost recovery limit and profit oil sharing, as such could create a lot concerns to investors and may also hamper investment in the industry. Hence, the bill should be reviewed before passage into law." @default.
- W2964498943 created "2019-08-13" @default.
- W2964498943 creator A5079591767 @default.
- W2964498943 creator A5080589583 @default.
- W2964498943 creator A5082207798 @default.
- W2964498943 date "2019-08-05" @default.
- W2964498943 modified "2023-09-27" @default.
- W2964498943 title "The Impact of the Proposed Petroleum Industry Fiscal Bill PIFB, 2018 Tax Scheme on the Economics of Oil Production in Nigeria" @default.
- W2964498943 cites W1875977672 @default.
- W2964498943 cites W1966857271 @default.
- W2964498943 cites W2059719064 @default.
- W2964498943 cites W3161714396 @default.
- W2964498943 doi "https://doi.org/10.2118/198782-ms" @default.
- W2964498943 hasPublicationYear "2019" @default.
- W2964498943 type Work @default.
- W2964498943 sameAs 2964498943 @default.
- W2964498943 citedByCount "2" @default.
- W2964498943 countsByYear W29644989432020 @default.
- W2964498943 countsByYear W29644989432021 @default.
- W2964498943 crossrefType "proceedings-article" @default.
- W2964498943 hasAuthorship W2964498943A5079591767 @default.
- W2964498943 hasAuthorship W2964498943A5080589583 @default.
- W2964498943 hasAuthorship W2964498943A5082207798 @default.
- W2964498943 hasConcept C100001284 @default.
- W2964498943 hasConcept C10138342 @default.
- W2964498943 hasConcept C106866004 @default.
- W2964498943 hasConcept C127413603 @default.
- W2964498943 hasConcept C129361004 @default.
- W2964498943 hasConcept C144133560 @default.
- W2964498943 hasConcept C162324750 @default.
- W2964498943 hasConcept C165786947 @default.
- W2964498943 hasConcept C175444787 @default.
- W2964498943 hasConcept C181622380 @default.
- W2964498943 hasConcept C193991484 @default.
- W2964498943 hasConcept C195487862 @default.
- W2964498943 hasConcept C2778348673 @default.
- W2964498943 hasConcept C2779755355 @default.
- W2964498943 hasConcept C526740375 @default.
- W2964498943 hasConcept C556758197 @default.
- W2964498943 hasConcept C87717796 @default.
- W2964498943 hasConceptScore W2964498943C100001284 @default.
- W2964498943 hasConceptScore W2964498943C10138342 @default.
- W2964498943 hasConceptScore W2964498943C106866004 @default.
- W2964498943 hasConceptScore W2964498943C127413603 @default.
- W2964498943 hasConceptScore W2964498943C129361004 @default.
- W2964498943 hasConceptScore W2964498943C144133560 @default.
- W2964498943 hasConceptScore W2964498943C162324750 @default.
- W2964498943 hasConceptScore W2964498943C165786947 @default.
- W2964498943 hasConceptScore W2964498943C175444787 @default.
- W2964498943 hasConceptScore W2964498943C181622380 @default.
- W2964498943 hasConceptScore W2964498943C193991484 @default.
- W2964498943 hasConceptScore W2964498943C195487862 @default.
- W2964498943 hasConceptScore W2964498943C2778348673 @default.
- W2964498943 hasConceptScore W2964498943C2779755355 @default.
- W2964498943 hasConceptScore W2964498943C526740375 @default.
- W2964498943 hasConceptScore W2964498943C556758197 @default.
- W2964498943 hasConceptScore W2964498943C87717796 @default.
- W2964498943 hasLocation W29644989431 @default.
- W2964498943 hasOpenAccess W2964498943 @default.
- W2964498943 hasPrimaryLocation W29644989431 @default.
- W2964498943 hasRelatedWork W102618886 @default.
- W2964498943 hasRelatedWork W13075466 @default.
- W2964498943 hasRelatedWork W60539047 @default.
- W2964498943 hasRelatedWork W64091215 @default.
- W2964498943 hasRelatedWork W65491104 @default.
- W2964498943 hasRelatedWork W71193888 @default.
- W2964498943 hasRelatedWork W73539995 @default.
- W2964498943 hasRelatedWork W90650857 @default.
- W2964498943 hasRelatedWork W94611694 @default.
- W2964498943 hasRelatedWork W97269388 @default.
- W2964498943 isParatext "false" @default.
- W2964498943 isRetracted "false" @default.
- W2964498943 magId "2964498943" @default.
- W2964498943 workType "article" @default.