Risk sharing between foreign oil company and host country


Refer to geology concepts and the role of geophysics (especially seismic) in providing information to inform drilling decisions.

Question 1. What is your view on risk sharing between a foreign oil company and a host country?

Question 2. If a host country has agreed to share some of the exploration risk, should the host country insist on the amount and/or type of G&G to be conducted? Why or why not?

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