Economic aspects of Production Sharing Contracts

Start Dates:

Duration

2 Weekes


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.


Prerequisites

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


Learning Goal

Upon completion of the course, participants should be able to:


Course Materials

Course notes


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