Units, UK partner to end risk sharing contract for offshore oilfield

Dateline 2016-07-11, Asia Review:

Risk sharing contracts were introduced by Petronas in an attempt to develop smaller and marginal oilfields and increase oil recovery amid depleting fossil fuel resources in Southeast Asia’s third largest economy. Unlike traditional production sharing contracts, parties bound under risk sharing pacts enjoy a prior-agreed rate of return, while risks are shared even if an exploration fails to yield results.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: