Often referred to as “paths to being” or “group norms,” common agreements are at the heart of creating an inclusive space. Common agreements (also known as “common expectations”) are norms and behaviours developed jointly by a group and respected by a group. They are effective because they create ways to meet at the beginning of a meeting/conference/workshop, etc., and hold people to account. If someone violates a common agreement, the intermediaries or the group can, together, gently remind them of the agreements reached. Ideally, common chords are put on the wall and visible at all times. Production-sharing agreements were first used in Bolivia in the early 1950s, although their first implementation was similar to that of today in Indonesia in the 1960s. [1] Today, they are often used in the Middle East and Central Asia. Other ways to establish group agreements may be more appropriate for shorter meetings or workshops or for groups that do not deal with emotional or controversial topics. This includes: Note participants that your role as moderator is to help the group maximize its time in order to achieve its common goals. Along the way, your mission is to keep activities on track and on time to ensure that everyone is fully engaged and participates in how they feel most comfortable. The amount of eligible costs is often limited to an amount called a “cost freeze.” If the hedging costs are higher than the cost-stopping, the company has the right to recover only the limited costs of stopping costs. If the cost is less than the cost stoppage, the difference between costs and the cost-stopping is called “excess oil.” In general, but not necessarily, excess oil is shared between the government and the company according to the same rules of profit oil.

If the achievable costs exceed the cost stoppage, the contract is defined as saturated. Once you`ve made a complete list, including all the essential chords on your own list, ask everyone to raise their hands if they agree with the end result – check each agreement one after the other, and take your time. If there are dissenting voices, you facilitate a conversation where perspectives are heard and adapt the agreements accordingly, as the group wanted. In production-sharing agreements, the country`s government entrusts the production and exploration activities to an oil company. The oil group supports the mineral and financial risk of the initiative and explores, develops and produces the field as needed. During the successful year, the company can use the money from the oil produced to recover capital and operating expenses known as “cost oil.” The rest of the money is called “profit oil” and is shared between the government and the company. In most production allocation agreements, changes in international oil prices or the rate of production affect the company`s share of production.