Concessions - ENST 320
Concession Agreements Quiz
Test your knowledge of concession agreements in the oil and gas industry with this informative quiz! Designed for students and professionals alike, this quiz will help you understand key concepts and characteristics of concessions.
- 7 engaging questions
- Multiple choice format
- Learn about royalties, state ownership, and more
In concession agreements, the oil and gas produced is owned by the state
True
False
In modern concessions, the government receives what type of royalty?
Percentage
Flat Rate
Another name for a concession is?
Production Sharing Contract
Licensing Agreement
Service Contract
In concessions, the state only receives royalties
True
False
Concessions are extremely desirable for IOCs due to their large profit margin
True
False
Which of these is a characteristic of early concessions?
Large Royalty Percentage
Long Duration
State Participation
None of the above
Which of the following countries are known for their use of concessions?
Saudi Arabia
Brazil
UK
Qatar
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