The production phase supporting a PSC is defined as the phase that occurs after successful exploration and development and during which hydrocarbons are drained from an oil or gas field.
In that respect most of the risks, if not all, related to the success of the exploration are left to the IOC. The costs considered for the PSC will be mainly the capital expenditures for the exploration , then for the development , then the operational expenditure when the project goes into normal operations.
The profits are shared when the real production starts. The profit returned from the production sharing shall have to integrate key parameters such as the:.
For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer. Would it be possible for someone to send me a list of all the countries that use PSC agreements on my email address tdesai euromoneytraining.
Would it be possible for someone to send me a list of all the countries that use PSC agreements on my email addressjennyobi36 yahoo.
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How to make a production sharing agreement - international agreements
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