Currently, there are existed a large number of different fiscal contracts, the terms of which are varying significantly. Therefore, developing countries are faced with a choice, which one will best meet their national interests? Solving these issues is of great importance for the economy of the host oil and gas extracting country. Purpose: to show what fiscal contracts meet better interests of producing countries? Methodology of the work: system approach method, comparing and contrasting, spreadsheet, abstract, logical method. Results: The results of the study revealed that the best fiscal regime that meets the best interests of the country is service contract. In this case a country can fully use all channels of positive impact of an oil and gas cluster to the national economy. Practical implications: results of research can be used by government and companies for improvements of production regulation in oil and gas sector of the economy.