Home > News & Events > News > OGEL 1(2005) Special Feature: Production Sharing Contracts

OGEL 1(2005) Special Feature: Production Sharing Contracts

3 March 2005

We are pleased that we are able to focus with this first OGEL issue in 2005 on production-sharing contracts. Production-sharing contracts now dominate the world of upstream exploration and development for oil and gas, with some exceptions in Europe, in the US and in some Latin American countries which have during their privatisation period in the 1990s re-introduced mineral concessions on the Chilean model. We are grateful in particular to Philip R. Weems and Scott C. Craig of King & Spalding LLP in Houston, for helping to assemble an impressive number of relevant studies and comments on the modern use of production-sharing contracts.

Table of Contents, Production Sharing Contracts - Volume 3, issue #01, published March 2005

SPECIAL FEATURE: PRODUCTION SHARING CONTRACTS

• Special Feature on Production Sharing Contracts, Introduction by the Editor
  by King & Spalding LLP, www.kslaw.com
  
  
• An Introduction to Upstream Government Petroleum Contracts: Their Evolution and Current Use, January 2005.
  by King & Spalding LLP, www.kslaw.com
  
  
• A Fifty-Year Prospective on World Petroleum Arrangements.
  by E.E. Smith, University of Texas School of Law
  by J.S. Dzienkowski, University of Texas School of Law
  
  
• Production Sharing Contracts and Other Host Government Contracts.
  by F. Alexander, Bennett Jones LLP
  
  
• The Iranian Buy Back Agreement
  by M. Bunter, Geoconsulting
  
  
• New Contractual Developments in Iran, Iraq and the Arabian Gulf: the "Bookable Reserves" Issue.
  by M. Bunter, Geoconsulting
  
  
• Indonesia: from Concession to Contract
  by M. Bunter, Geoconsulting
  
  
• Indonesia's Petroleum Contracts: Issues and Challenges?
  by M. Hasan
  
  
• Contract or License? Regulation of Petroleum Investment in Russia and Foreign Legal Advice
  by G.C. Moss, University of Oslo
  
  
• Production-Sharing Agreements in the Russian Federation
  by J. Rath, Roland Berger Strategy Consultants
  
  
• Pakistan Production Sharing Agreement: Offshore Fiscal System
  by M. Arif, Oil and Gas Development Company Ltd.
  
  
• Legal Issues in the Management of Nigeria's Production Sharing Contracts from a Study of the Nigerian National Petroleum Corporation's (National Petroleum Management Services') Perspective
  by M.B. Umar, Capital Chambers
  
  
• Can Production Sharing Contracts Promote Transparency in the Management of Oil Income? The Case of Equatorial Guinea
  by H. Yumiseva
  
  
• The Constitutionality of the MSC Compensation Scheme: Arguments for and Against
  by B.C. Rosen, Solórzano, Carvajal, González y Perez Correa (SCGPC)
  
  
• Institutional Cooperation in Oil and gas: Governments, Companies and the Investment Climate
  by V. Zanoyan, PFC Energy
  
  
• Partnerships in Oil and Gas Production-Sharing Contracts
  by P. Pongsiri, Unocal Thailand Ltd.
  
  
• The Duty to Negotiate in Good Faith and the Enforceability of Short-Form Natural Gas Clauses in Production Sharing Agreements
  by R.D. Bishop, King & Spalding
  
  
• Strategic Options Available When Catastrophe Strikes the Major International Energy Project
  by R.D. Bishop, King & Spalding
  by C.S. Miles, King & Spalding LLP
  by S.D. Dimitroff, King & Spalding LLP
  
  
• A Report on the June Workshop of the Institute for Transnational Arbitration
  by Institute of Transnational Arbitration (CAILAW), www.cailaw.org
  
  
• To What Extent can Stabilisation Clauses Mitigate the Investor's Risks in a Production Sharing Contract?
  by B.O.N. Nwete, Centre for Energy, Petroleum, Mineral Law and Policy (CEMLP)
  
  
• Understanding Stabilization Techniques in Production Sharing Agreements: Some Remarks
  by A.F.M. Maniruzzaman, University of Portsmouth
  
  
• Oil Discovery and Technical Change in Southeast Asia - Legal Aspects of Production Sharing Contracts in the Indonesian Petroleum Industry
  by R. Fabrikant
  
  
• Russia's Production Sharing Contract Regime
  by S. Stern
  
  
• Production Sharing Contracts: What is Market Price?
  by L. Bossley, CEAG
  
  
• Creating a Comprehensive & Investor-Friendly PSA Regime: Where does Russia Keep Going Wrong?
  by O.O. Rewane, CEPMLP
  
  
• The Fight Against PSAs In Russia: Who is to Benefit and Why Not the State?
  by A. Konoplyanik, Energy Charter
  
  
• A struggle for mineral rent
  by A. Konoplyanik, Energy Charter
  
  
• PSA debate not over yet
  by A. Konoplyanik, Energy Charter
  
  
• Product Sharing Agreements (PSA) in the Russian Mining Industry
  by I>A. Kursky, State Duma Committee for Industry, Construction, and High-Tech
  
  
• The State as a Contracting Party: the Delimitation of Regulatory Authority in Licensing and Product Sharing Agreements
  by L. Skyner, Wikborg Rein
  by V. Kokin, Hydro Oil and Energy
  
  
• The Sakhalin II PSA - a Production 'Non-Sharing' Agreement. Analysis of Revenue Distribution
  by CEE Bankwatch Network, et al., www.bankwatch.org
  
  
• "The Sakhalin II PSA - a Production 'Non-Sharing' Agreement", a comment on the NGO report by Professor Thomas W. Wälde
  by T.W. Wälde, CEPMLP, University of Dundee
  
  
• "The Sakhalin II PSA - a Production 'Non-Sharing' Agreement", a comment on the NGO report by Hew R. Dundas
  by H.R. Dundas, International Arbitrator, Mediator and Expert Determiner
  
  
• The Indonesian Oil & Gas Industry - Its Evolution and Current State
  by T.N. Machmud
  
  
• Kazakhstan: Title Confirmation to Oil & Gas Properties
  by J. Varanese, Clyde & Co
  by O. Shvander, Clyde & Co
  
  
• Non-Fiscal Elements in Petroleum Production Sharing Agreements in Developing Countries
  by S.W. Stein, Kelley Drye
  
  

Articles previously published in OGEL relating to Production Sharing Contracts

• Tail Whacks Dog: Few PSAs Can Go Forward in Russia
  Jonathan Hines & Alexei Bardin, LeBoeuf, Lamb, Greene & MacRae
  
  
• Book review: The Indonesian Production Sharing Contract, an investor's perspective by N. Machmud
  by Thomas Wälde
  
  
• EC Commission staff working paper on recent progress in the EU Russia Energy Dialogue
  by Andreas Gunst
  
  
• Oil & Gas Taxation in Azerbaijan
  by Alum Bati, Salans
  
  
• Production Sharing Arrangement: How Effective are the Fiscal Terms Designed for Deepwater Exploration in Nigeria and Indonesia?
  by Stella Mujakperuo, CEMLP
  
  
• Tax Paid Production Sharing Contracts in Bangladesh
  by M. Mushtaque Ahmed, S.F. Ahmed & Co.
  
  
• The Need for and Future of Production Sharing Legislation in Ukraine
  by Irina Paliashvili, Ethan S. Burger and Vadim Dmitriev
  
  
• Ukraine Enacts Production-Sharing Legislation for Natural Resources - PSA Proliferation
  by Irina Paliashvili, Russian-Ukrainian Legal Group, P.A.
  
  
• How Chevron, Texaco, and the Indonesian Government Structured Transactions to Avoid Billions in U.S. Income Taxes
  by Jeffrey Gramlich and James E. Wheeler
  
  
• UK Licensing: An Inovative Response to Declining Exploration?
  by Susan Hodgshon, Wimbledon Energy
  
  
• Oil, Global Deepwater Terms - The State of Play
  by Graham Kellas, Wood Mackenzie Ltd.
  
  

You can find a complete table of contents here.

OGEL Legal & Regulatory Materials

Besides the above mentioned articles, we have a database of Legal and Regulatory Materials, a growing collection of: laws, regulations, contracts, guidelines, tribunal/court awards. The database already contains a large collection of energy laws, treaties, agreements, awards and other primary materials.

For our Production Sharing Contracts special we have gathered a number of documents, amongst them (random order):

• Model PSC - India
• Trinidad and Tobago
• Ukraine Model PSA
• Law of Ukraine on PSA
• Turkeministan Model PSA
• Exploration and Production Sharing Agreement of Oman
• Model Offshore Production Sharing Agreement
• Pakistan Model Offshore Production Sharing Agreement 2001
• Pakistan Production Sharing Agreement: Offshore Fiscal System
• Russia Federal Law 225-FZ Dated 30 December 1995
• Republic of Equatorial Guinea Model Petroleum Production Sharing Contract
• Republic of Mozambique Production Sharing Agreement for the Sofala Bay Block
• Deep Offshore and Inland Basin Production Sharing Contracts (Amendment) Decree No 26 of 1999 Laws of the Federation of Nigeria
• Deep Offshore and Inland Basin Production Sharing Contracts Decree No 9 of 1999 Laws of the Federation of Nigeria
• Ukraine List of Normative Acts Adopted in Relation to the Psa Law As of 21 July 2003

More news in the archive.