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PETROLEUM INDUSTRY REFORM IN NIGERIA: SIMULATION ...

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Production Sharing Contract Model<br />

Stochastic Variable Assumptions<br />

Instruments<br />

Real Oil Price,<br />

2010$/Bbl<br />

OPEX, 2010$/Bbl<br />

Actual OPEX<br />

Abroad, %<br />

Actual CAPEX<br />

Abroad, %<br />

Capacity,<br />

Bbl/Day<br />

Inflation,%<br />

Distribution<br />

Assumptions<br />

Triangular<br />

(Min, Mode, Max)<br />

Triangular<br />

(Min, Mode, Max)<br />

Triangular<br />

(Min, Mode, Max)<br />

Triangular<br />

(Min, Mode, Max)<br />

Lognormal<br />

(Mode, Mean, Std)<br />

Triangular<br />

(Min, Mode, Max)<br />

Distribution<br />

Parameters<br />

60.00 75.00 90.00<br />

5.00 6.00 7.50<br />

0 50 100<br />

0 80 100<br />

40,000 50,000 500<br />

1.0 2.0 3.0<br />

OOILEDARE<br />

USAEE 2010, Calgary, Canada<br />

14

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