30 hours HR
2500 L.E
The oil & gas petroleum contracts are one of the important contracts in the legal and economical field, this type of contracts had been issued during the end of the 19th century, specifically in 1859 by exploring petroleum in US, starting from this date the oil & gas contracts had been widely spread in the world by signing the first exploration contract in Egypt on 1885 and in Saudi Arabia in 1923. The first edition of those contracts was concession contracts in its old version which depending on exploring in huge spaces and for a long period of time, a new era had been started in the 50’s by the commercial exploration of the petroleum and an advanced industry in oil & gas field had been found by the tycoon companies, example but not limited, Liquefied Natural Gas (LNG) and drilling industry this improvement leads to establish the Organization of the Petroleum Exploring Countries (OPEC) on 1960. In the beginning of the 70’s the oil prices had been dramatically increased from $3 to $12 by 400%, this increase positively effects on the investment, industry, local laws and the structure of the oil & gas contracts.
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