Course Objectives

The course gives an introduction to the upstream economic aspects of Production Sharing Contracts (PSC's)


Who Should Attend?

Those personnel working in the upstream industry not familiar with Production Sharing Contracts and requiring either a working or practical knowledge of the financial mechanics and economic aspects of the contracts. It is suitable for delegates from all technical and commercial disciplines


Prerequisite Courses

None


Course Overview

• Learn about the history, evolution and structure of PSC's
• Investigate cost recovery
• Understand profit sharing
• Learn about bonuses and bonus calculations
• Examine sliding scale fiscal mechanisms
• Identify taxation liability and allowances
• Study ring fence calculations and examples
• Analyse and discuss the economics of PSC's
• Construct a production sharing contract spreadsheet model, derive relevant economic metrics and draw conclusions to aid decision-making


Course Materials

Course notes