The Impact of Taxation on Recoverable Reserves

Chris Rowland and Danny Hann
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Chris Rowland: BZW Securities
Danny Hann: Central Electricity Generating Board

Chapter 4 in The Economics of North Sea Oil Taxation, 1987, pp 95-103 from Palgrave Macmillan

Abstract: Abstract In order to quantify the impact of oil taxation on development decisions a behavioural model of the oil extraction industry has been constructed. This model is detailed in Appendix B. It is an econometric representation of the relationship between recoverable reserves in the North Sea and long-run oil prices, for any specified tax system, and can be used to estimate various supply curves for UKCS oil reserves based on different tax systems. Thus, by incorporating different oil tax systems into our model, the impact of taxation on UKCS recoverable reserves can be quantified.

Keywords: Risk Premia; Supply Curve; Marginal Profitability; Recoverable Reserve; Supply Schedule (search for similar items in EconPapers)
Date: 1987
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DOI: 10.1007/978-1-349-08717-4_4

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