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2nd PRODUCTION SHARING BIDDING ROUND (WITH OPERATION BY PETROBRAS)FEDERATIVE REPUBLIC OF BRAZIL MINISTRY OF MINES AND ENERGYPRODUCTION SHARING AGREEMENT FOR EXPLORATION AND PRODUCTION OF OIL AND GAS
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How to fill out production sharing agreement for

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How to fill out production sharing agreement for

01
Understand the terms and conditions of the production sharing agreement (PSA)
02
Identify the parties involved in the agreement (i.e. the government and the contractor)
03
Specify the oil and gas blocks or fields covered by the agreement
04
Determine the rights and obligations of each party, including profit sharing arrangements
05
Include provisions for dispute resolution and termination of the agreement

Who needs production sharing agreement for?

01
Oil and gas companies interested in exploring and producing oil and gas resources in a particular region
02
Governments seeking to attract investment and expertise from oil and gas companies for the development of their resources
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Production sharing agreement is a contract between a government and a company for the exploration and production of oil and gas resources.
The company involved in the exploration and production of oil and gas resources is required to file the production sharing agreement.
The production sharing agreement is typically filled out by legal advisors and experts in the field of oil and gas exploration and production.
The purpose of production sharing agreement is to establish the terms and conditions under which a company can explore and develop oil and gas resources in a particular area.
The production sharing agreement must include details on the company involved, the area of exploration, the terms of revenue sharing, and the obligations of both the government and the company.
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