m ahmadian - University of Tehran. Faculty of Economics, Tehran
v varahrami - University of Tehran. Faculty of Economics, Tehran

Exploration and extraction contracts are the main tool for using foreign new technologies for development of offshore oil and gas resources. Some factors such as risk aversion of owner country and foreign company, oil and gas price and asymmetric information have effects on value of contracts. These factors are so important in developing of contracts for extraction from offshore resources as South Pars Filed in Iran, exactly in some contracts such as buyback contracts.

South pars gas field , Offshore gas resource , Risk aversion , Asymmetric information , Buy-back contract