Reasons Behind Host Governments Moving Away From Concessions To PSAs And PSCs

Reasons and Justification behind Host Governments Moving Away From Concessions to PSAs and PSCsDescribe about research the reasons and justification behind host governments moving away from Concessions and replacing with PSAs/PSCs, and why IOCs have accepted such a dramatic change in their own share and profits from Exploration and Production activity in resource-rich countries.
Introduction
Traditionally, concession agreements were one …