DOUBLE HEDGE AIDS COMMERCIAL TERMS OF UPSTREAM ASSET PURCHASES

David Wood International Petroleum Corp. Dubai In recent years many major oil companies have elected to rationalize their producing assets. Mature production-particularly onshore in developed countries, associated with high costs and small profit margins has been the major target. The current weakness in oil prices has resulted in many such properties being on the market. However, much production marginal to a major can be highly profitable to a cost-effective independent, particularly if the

Nov 1st, 1993
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