Tag: Revenue Sharing Contract

  • Fundamental Petroleum Fiscal Considerations

    By: Daniel Johnston , David Johnston

    The most common business structures in the industry today are either production sharing contracts (PSCs) or royalty/tax systems (R/Ts). Roughly half of the governments of this world use PSCs and the rest use R/Ts. While these systems are fundamentally different from philosophical and legal perspectives, their structures are dramatically similar from financial, economic, and accounting […]

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