Risk of Oil Exploration

Refer to geology concepts and the role of geophysics
(especially seismic) in providing information to inform drilling decisions.

1. What is your view on risk sharing between a foreign oil
company and a host country?

2. If a host country has agreed to share some of the
exploration risk, should the host country insist on the amount and/or type of
G&G to be conducted? Why or why not?