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In April 2004, the extension area north of block 5 was included to the production sharing agreement. Inauguration of new offshore facilities took place on 23 February 2005. [5] In May 2008, Maersk Oil drilled the world record extended reach well BD-04A in the field with the GSF Rig 127 operated by Transocean. The well was drilled incident free ...
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.
Production sharing agreements can be beneficial to governments of countries that lack the expertise and/or capital to develop their resources and wish to attract foreign companies to do so. They can be very profitable agreements for the oil companies involved, but often involve considerable risk.
The intention is to promote "the concept of participation in a transaction backed by real assets, utilizing the funds at risk on a profit-and-loss-sharing basis". [2] Profit and loss sharing is one of two categories of Islamic financing, [2] the other being debt like instruments [5] such as murabaha, istisna'a (a type of forward contract ...
The new labels rules, for instance, add salmon, eggs, olive oil, nuts and whole grains to the list of "healthy" foods and remove foods with high amounts of added sugars.
The best intermittent fasting apps can help you reach your goals. Here, dietitians share the best free intermittent fasting app, best for beginners, and more.
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James Harden moved into second place on the NBA's career 3-point list and had 20 points and 11 assists to help the Los Angeles Clippers beat the Utah Jazz 116-105 on Sunday night to end a three ...
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