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[MODEL]PRODUCTION SHARING AGREEMENT FOR [PETROLEUM EXPLORATION, DEVELOPMENT AND PRODUCTION] or [PETROLEUM DEVELOPMENT AND PRODUCTION] IN THE REPUBLIC OF UGANDA BY AND BETWEEN THE GOVERNMENT OF THE
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How to fill out production sharing agreement for

01
Begin by obtaining a copy of the production sharing agreement (PSA) document.
02
Familiarize yourself with the terms and conditions mentioned in the PSA.
03
Fill out the basic information section, which typically includes the names of the participating parties, the effective date of the agreement, and the duration of the agreement.
04
Provide detailed information about the resource or project that is being shared, such as the location, size, and potential production levels.
05
Specify the rights and obligations of each party involved in the sharing agreement.
06
Include provisions related to cost recovery, profit sharing, and taxation.
07
Outline the terms for termination or extension of the agreement.
08
Review and double-check all filled-out information for accuracy and completeness.
09
Consider seeking legal advice or consulting with experts in the field to ensure compliance with relevant laws and regulations.
10
Sign and date the agreement, and make copies for all parties involved.

Who needs production sharing agreement for?

01
Oil and gas companies that are engaged in exploration and production activities.
02
Governments or state-owned entities that want to attract foreign investments in their natural resource sector.
03
Mining companies that collaborate with other entities to extract and share mineral resources.
04
Renewable energy companies involved in joint ventures or partnerships for the development of solar, wind, or other renewable energy projects.
05
Any entity or individual looking to enter into a mutually beneficial sharing arrangement for the exploration or exploitation of natural resources.
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Production sharing agreement is a contract between a government and a company for exploration and production of natural resources.
Companies involved in production sharing agreements are required to file the agreement with the relevant government authority.
The production sharing agreement must be filled out according to the guidelines provided by the government authorities overseeing the agreement.
The purpose of production sharing agreements is to ensure fair and equitable sharing of revenues and profits from natural resource extraction.
Information such as production volumes, revenue generated, cost recovery, and profit sharing must be reported on production sharing agreements.
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