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hello my name is alan fume and today im going to talk about a basic introduction to different types of oil exploration contracts so what is an oil exploration contract its the right for a petroleum company to produce oil and gas from a given tract of land a given territory either land or at sea also known as a license or lease depends on the country and ill look at different types of fur these licenses one thing to bear in mind word of caution that this is just a basic introduction aimed at non-commercial specialists technical people so please do consult a commercial on gas professional or landman for more details for any specific country or state because the terms do vary and this is a very basic introduction to give people an overview of what these things are so this is a table which im going to go through in some detail about the different types of resource contracts so here we have uh types of resource ownership so we have four is private resource ownership so this is what you
