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What the PIB accomplishes is a disincentive.
But attempts to find the PIB source have foundered.
She continued that if the Senate passes the PIB, "We aren't worried".
Shell's views of the PIB track closely with ExxonMobil's views as reported in reftel.
They believe that they can control the industry via spreadsheets and pushing through the PIB.
The current fiscals of the PIB estimate that is costs 25percenttoto develop the oil, thereby creating a disincentive.
Van Meurs has been trying to show the GON officials that their fiscal math does not work with the PIB.
The RSPB said: "We are extremely disappointed that the source of the PIB release has not yet been found.
10. (C) The gas side of the PIB tries to legislate the delivery of gas rather than incentivize it.
She said that if the House passes the PIB in the coming weeks, "we need to move quickly" to obtain any necessary changes before it becomes law.
Pickard replied that "the Nigerian companies are with us" because they will be taxed at the same rate in the current version of the PIB.
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