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Providing coverage of Alaska and northern Canada's oil and gas industry
February 2009

Vol. 14, No. 6 Week of February 08, 2009

RFP out for AGIA inducements assistance

The Alaska Department of Natural Resources has a request for proposals out for a contractor to assist in developing concepts and approaches for regulations for Alaska Gas Inducement Act royalty inducements.

AGIA provides upstream incentives for shippers who sign firm transportation contracts at the initial open season of an AGIA-licensed natural gas pipeline, including increased predictability for royalty value and the terms under which the state will switch between royalty-in-value and royalty-in-kind.

The year-long contract, not to exceed $200,000, is to help the state conceptualize approaches and assemble models for regulations for royalty valuations and increased predictability. The state is particularly seeking assistance in developing regulations to accommodate possible liquefied natural gas shipments including developing appropriate destination values and nonpipeline transportation deductions; valuation of substances for which there is no clear market value, such as carbon dioxide; and how to appropriately value nonmethane components of the gas stream.

Required experience includes: interpreting statutes, regulations and other authorities, preferably within Alaska; interpreting oil and gas lease terms; modeling, developing or analyzing natural gas pipeline tariffs; modeling natural gas liquids or petroleum product prices and prior modeling of liquids prices in Alberta; and evaluating balance-sheet and value-at-risk consequences of large financial commitments.

The contractor will not be responsible for drafting regulations but for assisting the state in developing concepts and approaches.

Proposals are due Feb. 27.

—Petroleum News






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