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bartholland wrote:Who is they?
Thurs, 24 May 2012--On Monday (May 21), in the company of my fellow parliamentarians Hon. Nasir from Korogwe, Hon. David Kafulila from Kigoma South and Hon. Sarah Msafiri Special seats Morogoro we started our study tour to The Kingdom of Netherlands to learn more on their oil and gas sector and what best practices we can draw from them.
Our first briefing of the day on the Dutch Oil and Gas sector was how licensing is done and how revenue is collected and managed. We were informed that the Dutch government receives a total of 11bn Euros as state revenue from the sector as of last year. They collect 85% of the total revenue from Oil and Gas from Groningen field (the biggest field in Europe). Out of this 45% is from taxes collected from Oil and Gas Companies (largely Shell and ExxonMobil) and 40% from taxes and dividend from the State Oil and Gas company EBN. For other fields the state receives between 40 per cent and 65 per cent of the total revenue. In all licences except in old ones the state has shares and participates in companies. The Dutch don’t use Production Sharing System (PSA) as is the case in Tanzania whereby companies are largely contractors. The biggest advantage of a PSA system is that the State remains the owner of the resource. However, the revenue implications of either system, Dutch or Tanzanian, are minimum and largely semantic. It is all about GOVERNANCE – Transparency and Accountability of the whole sector. …
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