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Exploration Risks and Mineral Taxation: How Fiscal Regimes Affect Exploration Incentives

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Energy Specializations: Petroleum – Exploration and Production; Energy Investment and Finance – Project Finance

JEL Codes: H23: Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies, Q35: Hydrocarbon Resources, Q31: Nonrenewable Resources and Conservation: Demand and Supply; Prices, D81: Criteria for Decision-Making under Risk and Uncertainty, L71: Mining, Extraction, and Refining: Hydrocarbon Fuels, Q21: Renewable Resources and Conservation: Demand and Supply; Prices, L33: Comparison of Public and Private Enterprises and Nonprofit Institutions; Privatization; Contracting Out

Keywords: Oil exploration risks, Taxation, Fiscal regimes, Exploration incentives

DOI: 10.5547/ISSN0195-6574-EJ-Vol6-NoSI-10


Published in Volume 6, Special Issue of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.