Production Sharing Agreement Meaning In Tarrant

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Multi-State
County:
Tarrant
Control #:
US-00034DR
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Word; 
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Description

A movie producer works behind the scenes to get a movie made. He or she can may oversee nearly all stages of the creation of a film, from the writing of the script to the screening of the finished product. Movie producers are generally responsible for the financial and organizational aspects of making a movie, such as acquiring funding, selecting a cast and crew, managing the film budget and schedule, and marketing the movie.

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FAQ

A production sharing contract (PSC) is a contractual relationship between a host government and a private sector participant ('investor') whereby the government contracts with the investor to carry out oil and gas exploration and production activities (E&P activities) in a defined area for a defined period of time.

In a production sharing contract (“PSC”), the host country's government awards to an oil company (or group of companies, typically called the Contractor) the rights to explore in a specified area and, following discovery of hydrocarbons in the area, the right to produce the discovered resources.

Production sharing agreement (PSA) is a contract between one or more investors and the government in which rights to prospection, exploration and extraction of mineral resources from a specific area over a specified period of time are determined.

Production sharing agreements can be beneficial to governments of countries that lack the expertise and/or capital to develop their resources and wish to attract foreign companies to do so. They can be very profitable agreements for the oil companies involved, but often involve considerable risk.

Production-Sharing Agreements (PSAs) are among the most common types of contractual arrangements for petroleum exploration and development.

Production control systems (PCSs) A PCS provides the means to control and monitor the operation of a subsea production or injection facility from a remote location.

A production sharing contract (PSC) is a contractual relationship between a host government and a private sector participant ('investor') whereby the government contracts with the investor to carry out oil and gas exploration and production activities (E&P activities) in a defined area for a defined period of time.

Production Sharing Agreement (PSA)

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Production Sharing Agreement Meaning In Tarrant