Course OverviewExplore & analyse the financial structure of upstream production sharing contracts.This course explores the structure and mechanisms of production sharing contracts (PSC's) for upstream oil and gas projects. Studying the underlying processes and commercial drivers, participants will examine case studies to illustrate the economic structure of these complex agreements.The PSC Economic course brings the theory to life, allowing course attendees to build and interpret their own PSC model based on a real life example.Course Objectives- Learn about the history, evolution & structure of PSC s- Investigate cost recovery & profit sharing- Examine fiscal mechanisms & ring fence calculations- Identify taxation liability & allowances- Construct a production sharing contract spreadsheet model- Interpret model outputs to enhance investment decision making