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Exploration and development of Iran's oilfields through buyback
- Source :
- Natural Resources Forum. August, 2006, Vol. 30 Issue 3, p199, 8 p.
- Publication Year :
- 2006
-
Abstract
- The legislation of Iran authorizes the National Iranian Oil Company to use buyback, which is a risk service contract, under which the contractor is paid back by being allocated of oil/gas produced as a result of providing services, for both exploration and development. This scheme is based upon a defined scope of work, a capital cost ceiling, a fixed remuneration fee and a defined cost recovery period.
- Subjects :
- Iran -- Natural resource policy
National Iranian Oil Co. -- Discovery and exploration
National Iranian Oil Co. -- Contracts
Petroleum industry -- Discovery and exploration
Petroleum industry -- Contracts
Oil and gas exploration -- Contracts
Contract agreement
Environmental issues
Geography
Subjects
Details
- Language :
- English
- ISSN :
- 01650203
- Volume :
- 30
- Issue :
- 3
- Database :
- Gale General OneFile
- Journal :
- Natural Resources Forum
- Publication Type :
- Academic Journal
- Accession number :
- edsgcl.155815486