Bernard Taverne
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Co-operative Agreements in the Extractive Petroleum Industry (eBook, PDF)

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In this work, a distinction is made between two forms of cooperation in the exploration and exploitation of petroleum:. proportional cooperation between oil companies who jointly own an exclusive petroleum right, either an exclusive licence or a risk contract; and. non-proportional cooperation between state enterprises and oil companies who enter into production-sharing agreements or other type of risk contracts.The book explains the reasons for cooperation and the strategies followed to minimise non-market-related risks. It provides detailed analysis of customary joint venture agreements and ...

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