PSC Cost Recovery and Gross Split

OVERVIEW

This course covers the basic concepts and principles of Production Sharing Contract (PSC) Cost Recovery and Gross Split mechanisms in the Oil and Gas industry. The course will provide an understanding of the key terms and components of PSCs, the purpose and benefits of Cost Recovery and Gross Split mechanisms, and the calculation and allocation of costs and revenues under each mechanism. The course will also explore the differences between the two mechanisms and the factors that influence their selection and application.

OBJECTIVES

By the end of this training course, participants will be able to:

• Understand the basic principles of PSCs and their role in the Oil and Gas industry

• Identify the key components and terms of Cost Recovery and Gross Split mechanisms