The oil and gas industry operates in countries throughout the world in accordance with a number of different types of agreements. These agreements generally fall into one of four categories (or a combination of the categories): risk agreements, concessions, production sharing agreements (PSAs, also known as production sharing contracts, PSCs) and service contracts.
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Famous quotes containing the words oil, gas and/or agreement:
“Courage, determination, and hard work are all very nice, but not so nice as an oil well in the back yard.”
—Mason Cooley (b. 1927)
“Shielded, what sorts of life are stirring yet:
Legs lagged like drains, slippers soft as fungus,
The gas and grate, the old cold sour grey bed.”
—Philip Larkin (1922–1986)
“That which corrodes the souls of the persecuted is the monstrous inner agreement with the prevailing prejudice against them.”
—Eric Hoffer (1902–1983)