{"id":32559,"date":"2024-05-17T01:22:37","date_gmt":"2024-05-17T04:22:37","guid":{"rendered":"https:\/\/localcontentsuriname.com\/faq\/what-is-a-production-sharing-contract-psc\/"},"modified":"2024-06-04T22:40:52","modified_gmt":"2024-06-05T01:40:52","slug":"what-is-a-production-sharing-contract-psc","status":"publish","type":"faq","link":"https:\/\/localcontentsuriname.com\/en\/faq\/what-is-a-production-sharing-contract-psc\/","title":{"rendered":"What is a &#8216;Production Sharing Contract&#8217; (PSC)?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">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.&#8221;<\/p>\n","protected":false},"menu_order":5010,"template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"onderwerp":[8790],"class_list":["post-32559","faq","type-faq","status-publish","hentry","onderwerp-production-sharing-contracts-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is a &#039;Production Sharing Contract&#039; (PSC)? &#8226; Local Content Suriname<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/localcontentsuriname.com\/en\/faq\/what-is-a-production-sharing-contract-psc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is a &#039;Production Sharing Contract&#039; (PSC)? &#8226; Local Content Suriname\" \/>\n<meta property=\"og:description\" content=\"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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/localcontentsuriname.com\/en\/faq\/what-is-a-production-sharing-contract-psc\/\" \/>\n<meta property=\"og:site_name\" content=\"Local Content Suriname\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LocalContentSuriname\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-05T01:40:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/localcontentsuriname.com\/wp-content\/uploads\/2025\/02\/Local-Content-Development-Office-Suriname-LCDO-Logo-BG1200.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@localcontentsu\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\\\/\\\/localcontentsuriname.com\\\/en\\\/faq\\\/what-is-a-production-sharing-contract-psc\\\/\",\"url\":\"https:\\\/\\\/localcontentsuriname.com\\\/en\\\/faq\\\/what-is-a-production-sharing-contract-psc\\\/\",\"name\":\"What is a 'Production Sharing Contract' (PSC)? &#8226; Local Content Suriname\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/localcontentsuriname.com\\\/en\\\/#website\"},\"datePublished\":\"2024-05-17T04:22:37+00:00\",\"dateModified\":\"2024-06-05T01:40:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/localcontentsuriname.com\\\/en\\\/faq\\\/what-is-a-production-sharing-contract-psc\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/localcontentsuriname.com\\\/en\\\/faq\\\/what-is-a-production-sharing-contract-psc\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/localcontentsuriname.com\\\/en\\\/faq\\\/what-is-a-production-sharing-contract-psc\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Marktplaats\",\"item\":\"https:\\\/\\\/localcontentsuriname.com\\\/en\\\/local-content-suriname\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What is a &#8216;Production Sharing Contract&#8217; (PSC)?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/localcontentsuriname.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/localcontentsuriname.com\\\/en\\\/\",\"name\":\"Local Content Suriname\",\"description\":\"Marktplaats voor Local Content in Suriname\",\"publisher\":{\"@id\":\"https:\\\/\\\/localcontentsuriname.com\\\/en\\\/#organization\"},\"alternateName\":\"Umbrella platform for Local Content in Suriname\",\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/localcontentsuriname.com\\\/en\\\/#organization\",\"name\":\"Local Content Suriname\",\"alternateName\":\"Local Content Development Office LCDO\",\"url\":\"https:\\\/\\\/localcontentsuriname.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/localcontentsuriname.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/localcontentsuriname.com\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/Local-Content-Development-Office-Suriname-LCDO-Logo-SQ696-PNG.jpg\",\"contentUrl\":\"https:\\\/\\\/localcontentsuriname.com\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/Local-Content-Development-Office-Suriname-LCDO-Logo-SQ696-PNG.jpg\",\"width\":696,\"height\":696,\"caption\":\"Local Content Suriname\"},\"image\":{\"@id\":\"https:\\\/\\\/localcontentsuriname.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/LocalContentSuriname\",\"https:\\\/\\\/x.com\\\/localcontentsu\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/localcontentsuriname\",\"https:\\\/\\\/www.instagram.com\\\/localcontentsuriname\\\/\",\"https:\\\/\\\/www.youtube.com\\\/@localcontentsuriname\",\"https:\\\/\\\/maps.app.goo.gl\\\/FTw3yS5rpsP7xVyx9\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What is a 'Production Sharing Contract' (PSC)? &#8226; Local Content Suriname","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/localcontentsuriname.com\/en\/faq\/what-is-a-production-sharing-contract-psc\/","og_locale":"en_US","og_type":"article","og_title":"What is a 'Production Sharing Contract' (PSC)? &#8226; Local Content Suriname","og_description":"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 [&hellip;]","og_url":"https:\/\/localcontentsuriname.com\/en\/faq\/what-is-a-production-sharing-contract-psc\/","og_site_name":"Local Content Suriname","article_publisher":"https:\/\/www.facebook.com\/LocalContentSuriname","article_modified_time":"2024-06-05T01:40:52+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/localcontentsuriname.com\/wp-content\/uploads\/2025\/02\/Local-Content-Development-Office-Suriname-LCDO-Logo-BG1200.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@localcontentsu","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":["WebPage","FAQPage"],"@id":"https:\/\/localcontentsuriname.com\/en\/faq\/what-is-a-production-sharing-contract-psc\/","url":"https:\/\/localcontentsuriname.com\/en\/faq\/what-is-a-production-sharing-contract-psc\/","name":"What is a 'Production Sharing Contract' (PSC)? &#8226; Local Content Suriname","isPartOf":{"@id":"https:\/\/localcontentsuriname.com\/en\/#website"},"datePublished":"2024-05-17T04:22:37+00:00","dateModified":"2024-06-05T01:40:52+00:00","breadcrumb":{"@id":"https:\/\/localcontentsuriname.com\/en\/faq\/what-is-a-production-sharing-contract-psc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/localcontentsuriname.com\/en\/faq\/what-is-a-production-sharing-contract-psc\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/localcontentsuriname.com\/en\/faq\/what-is-a-production-sharing-contract-psc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Marktplaats","item":"https:\/\/localcontentsuriname.com\/en\/local-content-suriname\/"},{"@type":"ListItem","position":2,"name":"What is a &#8216;Production Sharing Contract&#8217; (PSC)?"}]},{"@type":"WebSite","@id":"https:\/\/localcontentsuriname.com\/en\/#website","url":"https:\/\/localcontentsuriname.com\/en\/","name":"Local Content Suriname","description":"Marktplaats voor Local Content in Suriname","publisher":{"@id":"https:\/\/localcontentsuriname.com\/en\/#organization"},"alternateName":"Umbrella platform for Local Content in Suriname","inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/localcontentsuriname.com\/en\/#organization","name":"Local Content Suriname","alternateName":"Local Content Development Office LCDO","url":"https:\/\/localcontentsuriname.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/localcontentsuriname.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/localcontentsuriname.com\/wp-content\/uploads\/2025\/02\/Local-Content-Development-Office-Suriname-LCDO-Logo-SQ696-PNG.jpg","contentUrl":"https:\/\/localcontentsuriname.com\/wp-content\/uploads\/2025\/02\/Local-Content-Development-Office-Suriname-LCDO-Logo-SQ696-PNG.jpg","width":696,"height":696,"caption":"Local Content Suriname"},"image":{"@id":"https:\/\/localcontentsuriname.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/LocalContentSuriname","https:\/\/x.com\/localcontentsu","https:\/\/www.linkedin.com\/company\/localcontentsuriname","https:\/\/www.instagram.com\/localcontentsuriname\/","https:\/\/www.youtube.com\/@localcontentsuriname","https:\/\/maps.app.goo.gl\/FTw3yS5rpsP7xVyx9"]}]}},"_links":{"self":[{"href":"https:\/\/localcontentsuriname.com\/en\/wp-json\/wp\/v2\/faq\/32559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/localcontentsuriname.com\/en\/wp-json\/wp\/v2\/faq"}],"about":[{"href":"https:\/\/localcontentsuriname.com\/en\/wp-json\/wp\/v2\/types\/faq"}],"wp:attachment":[{"href":"https:\/\/localcontentsuriname.com\/en\/wp-json\/wp\/v2\/media?parent=32559"}],"wp:term":[{"taxonomy":"onderwerp","embeddable":true,"href":"https:\/\/localcontentsuriname.com\/en\/wp-json\/wp\/v2\/onderwerp?post=32559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}