The concession is one of the main interests that can be created. It is the agreement that transfers and transfers a certain interest in a property to another person. It has long been used in many parts of the world to transfer interests and resources on earth from one party to another. Interest is generally not a direct sale or purchase, but for a certain period of time, usually between the company and the state that has incorporated oil into its country. It does not include the complete transfer of the land, but it does mean that the owner gives permission to the company that wants to work in the countryside. The Committee on the Implementation of Oil and Gas has proposed an alternative structure – the Registered Joint Enterprise («IJV») to support the financing of joint venture projects. A registered joint venture is only a joint venture whose legal means are to distribute the project`s capital through equity in a company. Although the detailed plans have not yet been published, the broad structure of the initiative is that these agreements define the respective rights of the joint venture partners. Such agreements differ in detail because they are negotiated individually, but they remain much the same. Participation allows the host country to have more control over the activity of its industry.

It allows for a more efficient transfer of technologies, as the host country will probably become familiar with the practicalities of the oil industry. By participating, the objectives of the host country are potentially able to achieve the SS, although its effectiveness depends on how it is implemented. The financial and technical challenges and risks of upstream operations require oil and gas companies to spread risk and minimize costs. Therefore, the right to explore, use, evaluate and produce oil and gas is rarely exercised by a single entity. On the contrary, companies form joint ventures (JVs) to share expenses, risks, real estate and production (if successful) in relation to their respective holdings. The synergistic nature of a joint venture also allows participants to benefit from the financial competence of their partners and facilitates the fusion of skills and skills. They give companies the opportunity to invest in several projects and thus increase their chances of researching and using oil and gas. It sets out the guidelines/modalities for the execution of operations. It is different from the agreement. Although it satisfies the fundamental understanding of the joint venture, the agreement is a response to the specifics of tax incentives. «The operator or his company linked to his subsidiary is not responsible: in addition to this responsibility, which stems from their holdings, for losses or damages resulting from joint transactions, unless such loss or damage is the result of gross negligence or intentional misconduct on the part of their director or supervisory staff, provided that the operator or his associated companies are not liable, in any event, for damage to the tank or pollution or damage as a result, including, but not limited, to the production or loss of profits.