Abstract
Jurisdiction for China's petroleum administration has been separated with China National Petroleum Corporation (CNPC) vested with exclusive rights in the on-shore and China National Off-shore Oil Corporation (CNOOC) given exclusive jurisdiction off-shore. Both of these state companies have published model production sharing contracts which are similar in all material respects but which differ from the usual production sharing contract by incorporating taxation and royalty obligations in addition to production sharing arrangements in one document.
Get full access to this article
View all access options for this article.