2030 Field Royalty 
Oil Review Middle East
MARCH 11, 2025
Hunting will pay a 15% royalty to the sellers on revenue earned for a period of 15 years, post-completion. It also lowers the water cut during end-of-life production, lowers hydrogen sulphide levels in production offtake and extends the life and increases the economic returns of a producing field.
Drillers
MARCH 24, 2020
Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. The country’s first field began producing in 1958 at a rate of 5,100 BPD. The rate of royalty will rise in tune with oil prices. How did this happen?
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