Veelgestelde vragen

Veelgestelde vragen

Production Sharing Contracts

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What is a ‘Production Sharing Contract’ (PSC)?

A Production Sharing Contract (PSC) for petroleum exploration, development, and production is a contract between a government and an oil or gas company that regulates the terms for the exploration, development, and production of petroleum resources within a certain area. This agreement often specifies the distribution of costs, risks, and revenues between the government and the operator, as well as the technical and operational requirements for conducting exploration, development, and production activities. The aim is to provide a framework for the efficient and fair exploitation of petroleum resources while protecting the interests of both the government and the operator.”