1 / 3

PSC Contracts

PSC Contracts. Firm commitment should be back-up by bank guarantee (BG) No Signature/production bonus, equipment and training fund (no front end costs) 10% Royalty will go to Govt and States ( Pemda ) Export tax - 10% of Profit Oil Excess Profit - 70% of profit price in excess of $25/ bbls

filipina-pawlak
Télécharger la présentation

PSC Contracts

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. PSC Contracts • Firm commitment should be back-up by bank guarantee (BG) • No Signature/production bonus, equipment and training fund (no front end costs) • 10% Royalty will go to Govt and States (Pemda) • Export tax - 10% of Profit Oil • Excess Profit - 70% of profit price in excess of $25/bbls • Research Cess - 0.5% of revenue • Min 15% Carigali participation (pay cash call) • Interests are not cost recoverable • Cost/revenue audited by Petronas Internal Audit only

  2. Different PSC duration for different environment to ensure fair return on investment PSC Duration (In Years) 1976 1985 DEEPWATER "R/C" Total Duration 24 38 24 24 Exploration 3+2 Gas Holding - 5 5 Gas Holding - 5 7 Gas Holding - 5 5 Gas Holding - 5 Development 2+2 4 6 4 Production 15 15 25 15

  3. Evolution of PSC terms has led to better Contractors’ take EVOLUTION OF PSC - COMPARISON OF CONTRACTORS TAKE

More Related