The Comparison of the Severity and the Efficiency of Fiscal Terms in the Asia Pacific Region

The Asia Pacific Region is one of the most prominent regions of the world for oil and gas exploration and development. It<br>contains a range of opportunities – from mature, producing areas to frontier exploration areas. Since the recent increases in<br>oil prices, the international oil and gas industry has paid increased attention to the region. For most of the countries in the<br>Asia-Pacific, the fiscal terms have a considerable influence on the economics of exploration and production and a review of<br>the terms is a crucial part of exploration or field development investment decisions.