A Global Course for State-of-the-Art Theory, Practice & Techniques in Fiscal System Analysis & Design
The Production Sharing Contracts (PSC) course provides critical information to create the right commercial framework for successful PSC negotiations. It examines state-of-the-art practice and techniques in fiscal system, analysis and design.
Any type of ‘extractive industry’ will come under the realm of the course including coal, gold & rock mining, geothermal, coal-bed methane, conventional oil & gas, shale oil & gas, deepwater, enhanced oil recovery, LNG & gas-fired power generation. And that is because the PSC course goes way beyond just PSCs. It covers:
- All types of fiscal/contractual arrangements that govern business relationships between oil companies and
- Strong fundamental elements of normal petroleum operations, production & revenue generation, cost
recovery and division of profits
- Numerous variations on the basic themes such as royalty/tax, PSC and Service Agreements, Risk Service
Contracts, rate of return systems & R-factors, ringfencing, relinquishment, bonuses & goldplating.