Oil development and production contracts come in many flavors. Among the most common is called productionsharing.
关于油田开发和产量,行业内有很多种类的合同,其中最常见的合同是产量分成。
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Successful bidders for the blocks located in shallow water of the Gulf of Mexico will sign a productionsharing contract for 30 years with two possible extensions of five years.
墨西哥湾潜水区块的中标方将签订一份生产分成合同,合同期限30年,包括两个选择性五年延期。
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That year Petronas was given exclusive rights to the nation’s hydrocarbons; it forced the foreigners to switch to production-sharing contracts while it learned the ropes from them.