Posts Tagged ‘concessionary contracts’
Differences between Production Sharing Contracts and Concessionary Contracts
Average reading time 9 minutes Since the 1960s, Production Sharing Contracts (PSCs) have begun to replace concessionary contracts to become one of the most fundamental forms of contract to be found in the International Oil and Gas Industry. Thus, many Commercial departments, legal personnel and contract managers in the oil and gas industry are required…
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