Posts Tagged ‘oil supply’
Advantages of Production Sharing Contracts
Estimated reading time: 5 minutes Production Sharing Contracts 2019 A PSC (Production Sharing Contract), or PSA (Production Sharing Agreement), creates a contractual relationship between an IOC (International Oil Companies) and the host country, authorising the IOC to explore for and exploit hydrocarbons in a defined area and for a defined period. By definition, a PSC…
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