Comparative analysis of royalty and bonus fee in oil production sharing contracts of African continent

Document Type : ISI

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student

Abstract

More than 9 percent of world crude oil is reserved in Continent of Africa. Except some of African countries that were previously oil producers such as Libya, Algeria, Angola and Nigeria, in recent years other countries of Africa are joined in to the circle of oil producers. Creation of motivation for attracting foreign investors in oil industry in one of the most important issues of these African countries because exploration and development of African oil fields need high technical knowledge and know-how and also great costs which are out of the potential of these states. Thus by investing of American, European and in recent years Chinese companies in this continent the capacity of oil production and exports has been increased in some countries. The most important contract concluded between African countries and international oil companies (IOC) is production sharing contract (PSC).

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References

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Journal Of Researches Energy Law Studies
Volume 2, Issue 1
Spring & Summer
April 2016
Pages 1-30

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