MLchartDataset catalogue

Profit oil

Term · Oil and gas · MLC-T-OAG-002969

The portion of oil and gas production remaining after the contractor's costs have been recovered under a production sharing contract. This remaining volume is then shared between the host government and the oil company according to a pre-agreed formula. The division of profit oil is a key element in determining the economic viability of a project.

Table 1. Record
IdentifierMLC-T-OAG-002969
FieldOil and gas
SubjectOil and Gas Business
Record as JSON 
{
  "id": "MLC-T-OAG-002969",
  "term": "Profit oil",
  "field": "Oil and gas",
  "definition": "The portion of oil and gas production remaining after the contractor's costs have been recovered under a production sharing contract. This remaining volume is then shared between the host government and the oil company according to a pre-agreed formula. The division of profit oil is a key element in determining the economic viability of a project.",
  "subject": "Oil and Gas Business",
  "url": "https://mlchart.com/terminology/oil-and-gas/profit-oil/"
}

Record 3,159 of 4,469 in Oil and gas terminology (MLC-0103). Request the full dataset.