The D'Arcy Concession was a petroleum oil concession that was signed in 1901 between William Knox D'Arcy and Mozzafar al-Din, Shah of Persia. The oil concession gave D'Arcy the exclusive rights to prospect for oil in Persia. During this exploration for oil, D'Arcy and his team encountered financial troubles and struggled to find sellable amounts of oil. They were about to give up but eventually struck large commercial quantities of oil in 1908. After these large commercial quantities of oil were

2. n. [Oil and Gas Business] The geographic area in which the government allows a company to operate. The repository adopts the second of these usages for the word. Concession Names. Sometimes concession areas are referred to by a number and sometimes by a name. A concession or concession agreement is a grant of rights, land or property by a government, local authority, corporation, individual or other legal entity.. Public services such as water supply may be operated as a concession. In the case of a public service concession, a private company enters into an agreement with the government to have the exclusive right to operate, maintain and carry Oil Concessions. In order to exploit oil in Mexico, foreign companies have signed concession contracts ensuring that they can freely extract oil on defined territories for a prolonged period of time in exchange for payments. However the sum paid by the companies was far below the value of the oil extracted and enabled them to get a profit Production sharing agreements (PSAs) or production sharing contracts (PSCs) are a common type of contract signed between a government and a resource extraction company (or group of companies) concerning how much of the resource (usually oil) extracted from the country each will receive.

Calouste Sarkis Gulbenkian (/ k æ ˈ l uː s t ɡ ʊ l ˈ b ɛ ŋ k i ə n /, Western Armenian: Գալուստ Կիւլպէնկեան; 23 March 1869 – 20 July 1955) was a businessman and philanthropist of British nationality and Armenian origin. He played a major role in making the petroleum reserves of the Middle East available to Western development and is credited with being the first

TPC obtained a concession to explore for oil in 1925, in return for a promise that the Iraqi government would receive a royalty for every ton of oil extracted, but linked to the oil companies' profits and not payable for the first 20 years. In addition, numerous changes were made to the original concession after the striking of oil. In 1939, the first modification gave the Arabian American Oil Company a greater area to search for oil and extended the concession until 1949, increasing the original deal by six years. Concession is a form of contract in the oil and gas industry between a State and a company to explore and develop these resources. Comments. Oil and gas concessions are very similar to mining concessions considering that in all countries, except USA, and few others the underground belongs to the State, not to the owner of the upper land. Calouste Sarkis Gulbenkian (/ k æ ˈ l uː s t ɡ ʊ l ˈ b ɛ ŋ k i ə n /, Western Armenian: Գալուստ Կիւլպէնկեան; 23 March 1869 – 20 July 1955) was a businessman and philanthropist of British nationality and Armenian origin. He played a major role in making the petroleum reserves of the Middle East available to Western development and is credited with being the first

OpenOil concession API OpenOil has published the first open API applied to oil extraction rights around the world, including 20,000 “blocks”, “fields” and “concession areas” from some 70 countries and involving some 2,000 unique corporate structures as operators and contractors.

Concession is a form of contract in the oil and gas industry between a State and a company to explore and develop these resources. Comments. Oil and gas concessions are very similar to mining concessions considering that in all countries, except USA, and few others the underground belongs to the State, not to the owner of the upper land.

2. n. [Oil and Gas Business] The geographic area in which the government allows a company to operate. The repository adopts the second of these usages for the word. Concession Names. Sometimes concession areas are referred to by a number and sometimes by a name.

In December 1933, MacQueen and his friends went to Persia to collect oil concessions. However, they were terrible at their jobs, and their oil company became 

Oil Concessions. In order to exploit oil in Mexico, foreign companies have signed concession contracts ensuring that they can freely extract oil on defined territories for a prolonged period of time in exchange for payments. However the sum paid by the companies was far below the value of the oil extracted and enabled them to get a profit

The oil and gas industry operates in countries throughout the world in accordance with a number of different types of agreements. These agreements generally fall into one of four categories (or a combination of the categories): risk agreements, concessions, production sharing agreements (PSAs, also known as production sharing contracts, PSCs) and service contracts.

From late Middle English concession, from Middle French concession, from Latin A right to use land or an offshore area for a specific purpose, such as oil