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Production Sharing Contracts

Estimated reading time: 3 minutes   The Production Sharing Contract is one of the most significant form of legal contracts/agreement to be found in the oil and gas industry. The purpose of any contract is to establish the rights; duties and obligations of the parties are in terms of both performance and conduct. By definition, a…

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Business Contract

Estimated reading time: 4 minutes   The Exploration and Production (E&P) segment of the international Oil and Gas Industry, is in all probability, the riskiest in terms of capital intensity, long payback periods; technological dependence and a host of legal/environmental compliance requirements. The drilling contract is one of the most important contracts for an operator.…

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