One for you, three for me, or, optimal production sharing rules for a petroleum exploration venture
This is a case study in the design of the production sharing rule used in an oil exploration partnership contract. The contract was negotiated in mid-1986 when a state-owned oil resources authority hired a U.S. oil company to explore and develop a defined territory owned by t...
| Main Authors: | , , |
|---|---|
| Format: | Working Paper |
| Published: |
MIT Center for Energy and Environmental Policy
Research
2009
|