GOVERNMENTS, CONTRACTORS SEEN HEADED FOR ERA OF COOPERATION

E. R. McHaffie, M. G. Jarvis, Scott A. Barber Amoco Production Co. Houston The oil and gas industry is on the threshold of a new era in international oil and gas investments. It will be an era of increasing flexibility and cooperation among investors, oil companies, and host governments. And it will develop as a necessary response to flat oil prices and the growing mobility of capital. This article will cover three essential elements of this topic: The effect of fiscal terms on the economics

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