Slide company in the Concession Agreement

Aug 6th, 2022
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How to slide company in the Concession Agreement

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lets talk about reporting of the net numbers because you might think well isnt that quite simple weve been through the calculations and all those calculations apply to the gross field volumes so how do I quote my share of them well the calculation really does depend on to some extent the fiscal system in which those barrels are being um developed and Ive listed here the sort of typical main types of contract tax and royalty which youre probably familiar with production sharing which is certainly in this region well them familiar with and then service contracts I put them in that order because effectively you go from top down to bottom what youre showing is decreasing control and influence with the oil company contractor um when the tax and royalty effectively the oil and gas company becomes the owner of the asset okay whereas in production sharing theres no ownership effectively you youre under a production sharing Arrangement youre just the contractor youre not youre not th

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Definition of a Concessions Contract Examples of concessions might include car parks built on local authority-owned land, or toll roads and toll bridges.
There are different types of concession contracts, including: ex-leasing, franchise, build- operate-transfer (BOT) etc.
Concession agreements usually define the period of operation and insurance requirements, as well as fees. Payments to a property owner may include rent for the location, a percentage of sales revenue, or a combination of the two. Any additional expectations can also be spelled out in the agreement.
First, a concession agreement gives limited rights to use the property for any specified use, whereas a lease agreement creates an interest in the property to the lessor. Second, a concession agreement doesnt create any inherent property rights, whereas a lease creates interest on the owners property.
Examples of concessions within another business are concession stands within sporting venues and movie theaters and concessions in department stores operated by other retailers. Short term concessions may be granted as promotional space for periods as short as one day.
It is commonly used to indicate something that has been conceded (as when the politician who loses a race gives a concession speech, or when someone makes a concession in an argument).
In a public contract, companies receive a fixed amount for carrying out a project or providing a service. With a concession, companies remuneration mainly consists of the authorization to manage and use a work or service, which entails the risk of possible losses in the investments made.
DEFINITION OF A CONCESSION. What is a concession? It is a kind of partnership between the public sector and a (usually) private company that has shown its added value in a specific area, for example developing infrastructure.

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