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AIBHC Group Risk Service agreements are wider in the scope of services and usually involve the exploration and development of an oilfield asset.
AIBHC Group provide this services agreements when the owner lacking the technical capacity to develop its oilfield assets, contracts with the oil & gas companies to develop the asset, in exchange for a service fee. In this regard, a risk service contract is comparable with a production sharing contract. However, unlike under a production sharing contract, an oil & gas company under a risk service agreement contracts for a pre-determined fee instead of sharing in profit oil.
