The Production Sharing Agreement, Renegotiation, and the Stability Clause (Part I)

The Production Sharing Agreement, Renegotiation, and the Stability Clause (Part I)

THE project full lifecycle of the oil and gas business is around 30 years or more. During the exploration and development stage, which spans about 20 years before production, the oil companies continuously inject capital to explore and develop the resource. Then, 20 years later, as in the case of Guyana, starts to produce to …

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