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Oil and Gas Assets Require: Unique Financial Management System

Tuesday, May 9, 2017

Oil and gas asset financial management is unique in nature. It is not like other businesses, as in this business producers must work by following the exploration and licensing policy of host governments. Because oil and gas are considered national resources, operator produces and shares the profit with the host government. Identifying potential investment risks and working to mitigate risks is highly essential in this business. This business involves many uncertain factors and it is important that the investing company (operator) should conduct its due diligence, study available technical reports, and use strategic financial management decisions for success.

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