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Production sharing agreement. Production sharing agreements ( PSAs) or production sharing contracts ( PSCs) are a common type of contract signed between a government and a resource extraction company (or group of companies) concerning how much of the resource (usually oil) extracted from the country each will receive.
The National Oil Corporation ( NOC; Arabic: المؤسسة الوطنية للنفط) is the national oil company of Libya. It dominates Libya's oil industry, along with a number of smaller subsidiaries, which combined account for around 70% the country's oil output. [ 1] Of NOC's subsidiaries, the largest oil producer is the Waha Oil Company ...
World oil production 2011 - 2021 average barrels of oil per day. The nationalization of oil supplies refers to the process of confiscation of oil production operations and their property, generally for the purpose of obtaining more revenue from oil for the governments of oil-producing countries. This process, which should not be confused with ...
The oil and gas industry operates in countries throughout the world in accordance with a number of different types of agreements. These agreements generally fall into one of four categories (or a combination of the categories): risk agreements, concessions, production sharing agreements (PSAs, also known as production sharing contracts, PSCs) and service contracts.
The petroleum fiscal regime of a country is a set of laws, regulations and agreements which governs the economical benefits derived from petroleum exploration and production. The regime regulates transactions between the political entity and the legal entities involved. [1] A commercial or legal entity in this context is commonly an oil company ...
Oil & Gas Development Company Limited, commonly known as OGDCL ( Urdu: آئل اینڈ گیس ڈویلپمنٹ کمپنی) is a Pakistani state-owned oil and gas company headquartered in Islamabad. It has a primary listing on the Pakistan Stock Exchange, and secondary listing on the London Stock Exchange. The rest are held by private investors.
QatarEnergy ( Arabic: قطر للطاقة ), formerly Qatar Petroleum ( QP ), [ 2] is a state owned petroleum company of Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. The President & CEO is Saad Sherida al-Kaabi, Minister of State for Energy Affairs.
The Oil and Natural Gas Corporation Limited ( ONGC) is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. The company is headquartered in Delhi. ONGC was founded on 14 August 1956 by the Government of India. It is the largest government-owned-oil and gas explorer and ...