Tag: Principle-Agent Model

  • Production-Sharing Agreements: An Economic Analysis

    By: K. Bindemann

    Production-Sharing Agreements (PSAs) are among the most common types of contractual arrangements for petroleum exploration and development. Under a PSA the state as the owner of mineral resources engages a foreign oil company (FOC) as a contractor to provide technical and financial services for exploration and development operations. The state is traditionally represented by the […]

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