IDEAS home Printed from https://ideas.repec.org/p/zbw/kondp2/3.html
   My bibliography  Save this paper

The Peruvian petroleum industry: Analysis of contract and tax systems

Author

Listed:
  • Meyer, Anke

Abstract

The main features of the Peruvian petroleum sector are described with special reference to the development of the institutional regulation of the industry since the early sixties. An econometric model has been developed to study the determinants of historical investment and production patterns of foreign, mainly U.S. oil companies. This model seems to capture one of the main characteristics of crude oil operations. Given the field size, there exists an optimal, technically determined production profile which mainly determines production and investment levels. A detailed analysis of various tax systems was performed with a simulation model based on Peruvian geological and cost conditions. Here, a variation of the resource rent tax seems to be a compromise between too generous tax systems and tax systems that introduce major disincentives to reserve development in high cost areas.

Suggested Citation

  • Meyer, Anke, 1986. "The Peruvian petroleum industry: Analysis of contract and tax systems," Discussion Papers, Series II 3, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    • Handle: RePEc:zbw:kondp2:3
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/101715/1/746300689.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Johnson, Charles J., 1981. "Considerations in establishing an effective production sharing type tax regime for petroleum," Energy, Elsevier, vol. 6(11), pages 1285-1298.
    2. Johnson, Charles J., 1981. "Establishing an effective production sharing type regime for petroleum," Resources Policy, Elsevier, vol. 7(2), pages 129-141, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wirojudo, Gatot K., 1985. "Geological studies as a risk-reducing factor in exploration ventures with special references to the South China Sea," Energy, Elsevier, vol. 10(3), pages 517-523.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:kondp2:3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/fwkonde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.