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Model Production Sharing Agreement for Petroleum Exploration and Production in Turkmenistan (Part 1)Ashgabat March 20, 1997AnnexesAnnex A Description of Contract Arianne B Map of Contract Arianne
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A model production sharing agreement is a contract between a government and a company for the exploration and production of natural resources, where the company bears the financial risks of exploration while the government retains ownership of the resources.
The company involved in the exploration and production of natural resources is required to file the model production sharing agreement.
The model production sharing agreement can be filled out by entering the relevant information about the exploration and production activities, financial terms, and obligations of both parties.
The purpose of a model production sharing agreement is to define the rights, responsibilities, and obligations of the government and the company in the exploration and production of natural resources.
The model production sharing agreement must include details about the exploration and production activities, financial terms, tax implications, and the distribution of resources.
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