国际石油财政体系——外包协议 International Petroleum Fiscal Systems - Farm-Out Agreements.docxVIP

InternationalPetroleumFiscalSystems-Farm-OutAgreements(Chapter-8)

ManyInternationalOilCompaniesandindependentshavealargeinvestmentinoilandgasexplorationventures.However,baseduponeconomicanalysisorduetofinancialconstraints,thecompanyofsuchventuresmaynotbeinthepositiontocurrentlyundertakethecostandrisksoffurtherexplorationonsomeoftheseventures,astheventuremaynothavesignificanteconomicpotentialcomparedwithotheravailableopportunities.

Sometimes,theinvestorbelievesthatsuchaventuremightbeextremelyattractiveatafut