David Johnston

WP_Query Object
(
    [query] => Array
        (
            [post_type] => publications
            [posts_per_page] => -1
            [meta_query] => Array
                (
                    [0] => Array
                        (
                            [key] => author
                            [value] => 14770
                            [compare] => LIKE
                        )

                )

        )

    [query_vars] => Array
        (
            [post_type] => publications
            [posts_per_page] => -1
            [meta_query] => Array
                (
                    [0] => Array
                        (
                            [key] => author
                            [value] => 14770
                            [compare] => LIKE
                        )

                )

            [error] => 
            [m] => 
            [p] => 0
            [post_parent] => 
            [subpost] => 
            [subpost_id] => 
            [attachment] => 
            [attachment_id] => 0
            [name] => 
            [static] => 
            [pagename] => 
            [page_id] => 0
            [second] => 
            [minute] => 
            [hour] => 
            [day] => 0
            [monthnum] => 0
            [year] => 0
            [w] => 0
            [category_name] => 
            [tag] => 
            [cat] => 
            [tag_id] => 
            [author] => 
            [author_name] => 
            [feed] => 
            [tb] => 
            [paged] => 0
            [meta_key] => 
            [meta_value] => 
            [preview] => 
            [s] => 
            [sentence] => 
            [title] => 
            [fields] => 
            [menu_order] => 
            [embed] => 
            [category__in] => Array
                (
                )

            [category__not_in] => Array
                (
                )

            [category__and] => Array
                (
                )

            [post__in] => Array
                (
                )

            [post__not_in] => Array
                (
                )

            [post_name__in] => Array
                (
                )

            [tag__in] => Array
                (
                )

            [tag__not_in] => Array
                (
                )

            [tag__and] => Array
                (
                )

            [tag_slug__in] => Array
                (
                )

            [tag_slug__and] => Array
                (
                )

            [post_parent__in] => Array
                (
                )

            [post_parent__not_in] => Array
                (
                )

            [author__in] => Array
                (
                )

            [author__not_in] => Array
                (
                )

            [ignore_sticky_posts] => 
            [suppress_filters] => 
            [cache_results] => 1
            [update_post_term_cache] => 1
            [lazy_load_term_meta] => 1
            [update_post_meta_cache] => 1
            [nopaging] => 1
            [comments_per_page] => 50
            [no_found_rows] => 
            [order] => DESC
        )

    [tax_query] => WP_Tax_Query Object
        (
            [queries] => Array
                (
                )

            [relation] => AND
            [table_aliases:protected] => Array
                (
                )

            [queried_terms] => Array
                (
                )

            [primary_table] => wp_posts
            [primary_id_column] => ID
        )

    [meta_query] => WP_Meta_Query Object
        (
            [queries] => Array
                (
                    [0] => Array
                        (
                            [key] => author
                            [value] => 14770
                            [compare] => LIKE
                        )

                    [relation] => OR
                )

            [relation] => AND
            [meta_table] => wp_postmeta
            [meta_id_column] => post_id
            [primary_table] => wp_posts
            [primary_id_column] => ID
            [table_aliases:protected] => Array
                (
                    [0] => wp_postmeta
                )

            [clauses:protected] => Array
                (
                    [wp_postmeta] => Array
                        (
                            [key] => author
                            [value] => 14770
                            [compare] => LIKE
                            [alias] => wp_postmeta
                            [cast] => CHAR
                        )

                )

            [has_or_relation:protected] => 
        )

    [date_query] => 
    [request] => SELECT   wp_posts.* FROM wp_posts  INNER JOIN wp_postmeta ON ( wp_posts.ID = wp_postmeta.post_id ) WHERE 1=1  AND ( 
  ( wp_postmeta.meta_key = 'author' AND wp_postmeta.meta_value LIKE '%14770%' )
) AND wp_posts.post_type = 'publications' AND (wp_posts.post_status = 'publish' OR wp_posts.post_status = 'acf-disabled') GROUP BY wp_posts.ID ORDER BY wp_posts.post_date DESC 
    [posts] => Array
        (
            [0] => WP_Post Object
                (
                    [ID] => 27372
                    [post_author] => 1
                    [post_date] => 2015-02-02 13:20:53
                    [post_date_gmt] => 2015-02-02 13:20:53
                    [post_content] => The most common business structures in the industry today are either production sharing contracts (PSCs) or royalty/tax systems (R/Ts). Roughly half of the governments of this world use PSCs and the rest use R/Ts. While these systems are fundamentally different from philosophical and legal perspectives, their structures are dramatically similar from financial, economic, and accounting points of view. Both of these approaches to the business relationship provide the IOC a means of recovering costs incurred and earning a share of profits if (1) a commercial discovery is made and (2) sufficient revenues are generated. There has always been discussion about the most efficient and effective contract design from a financial/economic point of view. There are many things involved especially considering these agreements are structured to last decades in spite of all the risks and uncertainties.

However, recently, hot debate is underway over one of the most fundamental aspects of the world’s agreements. The current debates in Mexico and India have been particularly intense. On one side of the debate are those who believe basic ‘profits-based’ structures found in the world’s PSCs and R/Ts are the best alternative. On the other hand there are those who propose a structure based simply on the division of production or revenues. The overriding concern behind this initiative is the lack of faith in the accounting for costs and the spectre of cost overruns, goldplating, or even cheating. In Mexico the debate has not entered the public domain but is being promoted by serious factions within Mexico. In India the positions have been formalized and explicitly articulated and publicly represented by two separate committees: The Rangarajan Committee and the Kelkar Committee. The Rangarajan Committee recommended the government move away from PSCs and embrace revenue sharing contracts (RSCs). The Kelkar committee contested the Rangarajan Committee recommendation to move to a RSC.
                    [post_title] => Fundamental Petroleum Fiscal Considerations
                    [post_excerpt] => 
                    [post_status] => publish
                    [comment_status] => closed
                    [ping_status] => closed
                    [post_password] => 
                    [post_name] => fundamental-petroleum-fiscal-considerations
                    [to_ping] => 
                    [pinged] => 
                    [post_modified] => 2016-03-01 13:57:14
                    [post_modified_gmt] => 2016-03-01 13:57:14
                    [post_content_filtered] => 
                    [post_parent] => 0
                    [guid] => https://www.oxfordenergy.org/wpcms/publications/fundamental-petroleum-fiscal-considerations/
                    [menu_order] => 0
                    [post_type] => publications
                    [post_mime_type] => 
                    [comment_count] => 0
                    [filter] => raw
                )

        )

    [post_count] => 1
    [current_post] => -1
    [in_the_loop] => 
    [post] => WP_Post Object
        (
            [ID] => 27372
            [post_author] => 1
            [post_date] => 2015-02-02 13:20:53
            [post_date_gmt] => 2015-02-02 13:20:53
            [post_content] => The most common business structures in the industry today are either production sharing contracts (PSCs) or royalty/tax systems (R/Ts). Roughly half of the governments of this world use PSCs and the rest use R/Ts. While these systems are fundamentally different from philosophical and legal perspectives, their structures are dramatically similar from financial, economic, and accounting points of view. Both of these approaches to the business relationship provide the IOC a means of recovering costs incurred and earning a share of profits if (1) a commercial discovery is made and (2) sufficient revenues are generated. There has always been discussion about the most efficient and effective contract design from a financial/economic point of view. There are many things involved especially considering these agreements are structured to last decades in spite of all the risks and uncertainties.

However, recently, hot debate is underway over one of the most fundamental aspects of the world’s agreements. The current debates in Mexico and India have been particularly intense. On one side of the debate are those who believe basic ‘profits-based’ structures found in the world’s PSCs and R/Ts are the best alternative. On the other hand there are those who propose a structure based simply on the division of production or revenues. The overriding concern behind this initiative is the lack of faith in the accounting for costs and the spectre of cost overruns, goldplating, or even cheating. In Mexico the debate has not entered the public domain but is being promoted by serious factions within Mexico. In India the positions have been formalized and explicitly articulated and publicly represented by two separate committees: The Rangarajan Committee and the Kelkar Committee. The Rangarajan Committee recommended the government move away from PSCs and embrace revenue sharing contracts (RSCs). The Kelkar committee contested the Rangarajan Committee recommendation to move to a RSC.
            [post_title] => Fundamental Petroleum Fiscal Considerations
            [post_excerpt] => 
            [post_status] => publish
            [comment_status] => closed
            [ping_status] => closed
            [post_password] => 
            [post_name] => fundamental-petroleum-fiscal-considerations
            [to_ping] => 
            [pinged] => 
            [post_modified] => 2016-03-01 13:57:14
            [post_modified_gmt] => 2016-03-01 13:57:14
            [post_content_filtered] => 
            [post_parent] => 0
            [guid] => https://www.oxfordenergy.org/wpcms/publications/fundamental-petroleum-fiscal-considerations/
            [menu_order] => 0
            [post_type] => publications
            [post_mime_type] => 
            [comment_count] => 0
            [filter] => raw
        )

    [comment_count] => 0
    [current_comment] => -1
    [found_posts] => 1
    [max_num_pages] => 0
    [max_num_comment_pages] => 0
    [is_single] => 
    [is_preview] => 
    [is_page] => 
    [is_archive] => 1
    [is_date] => 
    [is_year] => 
    [is_month] => 
    [is_day] => 
    [is_time] => 
    [is_author] => 
    [is_category] => 
    [is_tag] => 
    [is_tax] => 
    [is_search] => 
    [is_feed] => 
    [is_comment_feed] => 
    [is_trackback] => 
    [is_home] => 
    [is_404] => 
    [is_embed] => 
    [is_paged] => 
    [is_admin] => 
    [is_attachment] => 
    [is_singular] => 
    [is_robots] => 
    [is_posts_page] => 
    [is_post_type_archive] => 1
    [query_vars_hash:WP_Query:private] => be2bcfada83d7e5623139d8577074303
    [query_vars_changed:WP_Query:private] => 
    [thumbnails_cached] => 
    [stopwords:WP_Query:private] => 
    [compat_fields:WP_Query:private] => Array
        (
            [0] => query_vars_hash
            [1] => query_vars_changed
        )

    [compat_methods:WP_Query:private] => Array
        (
            [0] => init_query_flags
            [1] => parse_tax_query
        )

)

Latest Publications by David Johnston

Latest Tweets from @OxfordEnergy

  • New OIES study: Turkey’s gas demand may be no more than 55–56 bcm/year by 2025 and 60–62 bcm/year by 2030… https://t.co/9T5YhOKhyR

    April 26th

  • Gas will continue to lose out against coal in Turkey's power generation, says new OIES study @AAEnergyNews https://t.co/hjKBERfzLw

    April 25th

  • New OIES study: Ankara looks to renewables and domestic coal to cut energy & mineral import bill https://t.co/4O8CXhtIVD

    April 25th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.