Skip to content
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…

Read More

Estimated reading time: 7 minutes Production sharing contract (PSC) refers to a contract between one or more investors and the government. This are rights to prospection, exploration and extraction of mineral resources from a specific area cover over a specified period of time are determined. It is also referred to as Production sharing agreement (PSA)used…

Read More
Features of Production Sharing Contracts

Estimated reading time: 5 minutes   A PSC (Production Sharing Contract), or PSA (Production Sharing Agreement) was first introduced in Indonesia in 1960 for the agriculture sector before it was adopted for the petroleum industry. The success of the PSC was later picked up by other countries in the region such as Malaysia, Philippines, Libya,…

Read More
HTML Snippets Powered By :