PETROLEUM INDUSTRY REFORM IN NIGERIA: SIMULATION ...

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Standalone Deepwater Project : 100 MMB Deterministic Model Results Metric Systems Measures (Nominal$) Host Govt. BIT $MM Contractor Host Govt. AIT BIT $MM $ MM Contractor AIT $MM Net Present Value @12.5% $ 751.46 $ 777.36 $ 1,065.83 $ 293.40 Internal Rate of Return 40.0% 27.5% Growth Rate of Return 16.3% 14.3% Undiscounted Take Statistics 45.1% 54.9% 72.4% 27.6% Discounted Take Statistics 49.2% 50.8% 78.4% 21.6% Metric Systems Measures (Real 2010$) Host Govt. BIT $MM Contractor Host Govt. AIT BIT $MM $ MM Contractor AIT $MM Net Present Value @12.5% $ 573.94 $ 597.06 $ 815.93 $ 220.95 Internal Rate of Return 37.6% 25.7% Growth Rate of Return 16.1% 14.1% Undiscounted Take Statistics 44.4% 55.6% 71.7% 28.3% Discounted Take Statistics 49.0% 51.0% 78.7% 21.3% OOILEDARE USAEE 2010, Calgary, Canada 16
Incremental Deepwater Project: 100 MMB Deterministic Model Results Metric Systems Measures (Nominal$) Host Govt. BIT $MM Contractor Host Govt. AIT BIT $MM $ MM Contractor AIT $MM Net Present Value @12.5% $ 722.95 $ 805.87 $ 1,014.13 $ 345.09 Internal Rate of Return 44.9% 38.7% Growth Rate of Return 16.4% 14.5% Undiscounted Take Statistics 44.8% 55.2% 72.2% 27.8% Discounted Take Statistics 47.3% 52.7% 74.6% 25.4% Metric Systems Measures (Real 2010$) Host Govt. BIT $MM Contractor Host Govt. AIT BIT $MM $ MM Contractor AIT $MM Net Present Value @12.5% $ 547.20 $ 623.80 $ 768.10 $ 268.79 Internal Rate of Return 42.5% 36.7% Growth Rate of Return 16.2% 14.4% Undiscounted Take Statistics 44.0% 56.0% 71.4% 28.6% Discounted Take Statistics 46.7% 53.3% 74.1% 25.9% OOILEDARE USAEE 2010, Calgary, Canada 17
Page 1 and 2: PETROLEUM INDUSTRY REFORM IN NIGERI
Page 3 and 4: Petroleum Industry in Nigeria • N
Page 5 and 6: Broad Objectives of the Reform •
Page 7 and 8: Fiscal System Instruments Nigeria S
Page 9 and 10: Proposed Fiscal Instruments for Nig
Page 11 and 12: Proposed Example Fiscal of Instrume
Page 13 and 14: Modeling Deepwater Economics —DCF
Page 15: Production Sharing Contract Model D
Page 19 and 20: Sensitivity of Nominal IRR vs. HGT
Page 21 and 22: Sensitivity of Nominal IRR vs. HGT
Page 23 and 24: Internal Rate of Return: Fifty Perc
Page 25 and 26: Conclusions • Ongoing petroleum i

PETROLEUM INDUSTRY REFORM IN NIGERIA: SIMULATION ...

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