What's worse - the oilco usually operates under a Production Sharing Contract or some kind of resource rent tax/royalty regime. Often, the oilco share of the oi

What's worse - the oilco usually operates under a Production Sharing Contract or some kind of resource rent tax/royalty regime. Often, the oilco share of the oil is less than 50% of production. So, unfortunately for BP etc, the revenue will be way less than what the article suggests.