The sensitivity analysis of main factors of IPC’s cash flow and its comparison to Buy back contracts case study: Darkhowein field
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.
Journal of Iranian Energy Economics, Volume:8 Issue:29, 2019
171 - 193
روشهای دسترسی به متن این مطلب
در سایت عضو شوید و هزینه اشتراک یکساله سایت به مبلغ 300,000ريال را پرداخت کنید. همزمان با برقراری دوره اشتراک بسته دانلود 100 مطلب نیز برای شما فعال خواهد شد!
به کتابخانه دانشگاه یا محل کار خود پیشنهاد کنید تا اشتراک سازمانی این پایگاه را برای دسترسی همه کاربران به متن مطالب خریداری نمایند!