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PETROLEUM INDUSTRY REFORM IN NIGERIA: SIMULATION ...

PETROLEUM INDUSTRY REFORM IN NIGERIA: SIMULATION ...

PETROLEUM INDUSTRY REFORM IN NIGERIA: SIMULATION ...

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Proposed Example Fiscal of Instruments<br />

Nigeria<br />

Sliding Royalty Scales by Value in the PIB<br />

Sliding Royalty Scales by Value<br />

Sliding Scale Royalty by Value<br />

Oil Price<br />

Per Bbl<br />

Royalty<br />

%<br />

Gas Price<br />

per MMBtu<br />

Royalty<br />

%<br />

$0 ‐ $70 0 $0 ‐ $2 0<br />

$70 ‐ $100 0.4 per $ $2 ‐ $7 0.20/10cents<br />

$100 ‐ $140 12 + 0.2 /$ $7 ‐ $13 10 + 0.15/10cents<br />

$140 ‐ $190 20 + 0.1/$ $13 ‐ $19 19 + 0.10/10cents<br />

OOILEDARE<br />

USAEE 2010, Calgary, Canada<br />

11<br />

11

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