In April 2004, the extension area north of block 5 was included to the production sharing agreement.
The production sharing agreement was signed by the parties on 20 September 1994 for development of the field for 30 years.
That gives the government a bigger take without formally renegotiating the production sharing agreement.
The lease was awarded under a production sharing arrangement.
Determined to avoid these sorts of problems, Western oil giants and other big investors have insisted on a different arrangement: production sharing agreements.
The first ever Russian production sharing agreement was signed in the framework of the Sakhalin-2 project in 1994.
In some production sharing agreements, changes in international oil prices or production rate can affect the company's share of production.
The productions share certain virtues and vices.
Ltd., in a production sharing arrangement with Myanma Oil and Gas Enterprise.
The production shared the Tony Award for Best Musical with 'Fiorello!'.
