Upstream Petroleum Fiscal and Valuation Modeling in Excel

This book is a terrific addition to the existing literature on the subject, and will be invaluable to a wide range of professionals, from Energy Ministry staff through NOCs to energy company economists, advisors and consultants. By far the best way to understand all the subtleties of fiscal regimes is to build one's own models of them, and then to play 'what if?' games with them. This is what the book encourages, by being set out so clearly and well, and a thorough study will take the reader from beginner to near expert status. Graeme Simpson, Honorary Professor in Petroleum Geology/ former Professor of Energy Industry Management, the University of Aberdeen, Scotland; former Business Manager, Exxon This book is both a reference for the various types of fiscal regimes and a how-to guide for spreadsheet modeling. Practitioners at every level will find it to be a valuable resource. Dan Olds, Senior Vice President - International, Ryder Scott Petroleum Consultants; Past President, Society of Petroleum Evaluation Engineers This book gives a comprehensive and in-depth discussion of petroleum economics. It provides a step-by-step guide to understanding fiscal models similar to what many residential courses offer. The excel sheets and formulas are extremely helpful for the novice and users of economic software such as PEEP to start modeling fiscal regimes. As an experienced economist, the book has helped fill gaps in my knowledge and I would personally recommend it as a reference guide for those in commercial disciplines in the industry. Aditya Mukherjee, Economics Analyst, Global New Business Development, Hess Services UK Limited Kasriel and Wood have produced a monumental set of materials for understanding how to model and analyze the impacts of upstream petroleum fiscal terms on project economics. Unique to their approach is a step-by-step guide on using Microsoft Excel that provides users with a kind of x-ray vision into the complex and sometimes unanticipated outcomes associated with various sorts of taxes, royalties, and production sharing contracts. It is a brilliant practitioner's guide to the subject. Graham A. Davis, Professor, Division of Economics and Business, Colorado School of Mines I find the book a great tool for anyone who intends to initiate his/her career into the world of petroleum economics. Furthermore, I think experienced economists should always have this book on their desk for quick consultation/reference as it is very comprehensive around the modeling of oil and gas deals. This book is a must-have in every economists book shelf! Germán Beckmann, Business Analyst, Premier Oil PLC This book will be a useful, practical tool for the petroleum economics practitioner. Practitioners will find the practical spreadsheet tips, delivered in an easy-to-read, conversational style, particularly helpful. Roy Kelly, Managing Director, Kerogen Capital