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Abstract Presently, there is little focus on the contractual agreement, particularly on the production sharing agreement by the International Oil Companies in the exploration of petroleum resources of developing countries. The primary objective of this paper is to critically explore the contract structure of production-sharing agreements by International Oil Companies in the exploration and development of petroleum resources in developing countries. Content analysis was used as the methodology of the study after examining several literatures. The findings indicate that the contract structure of the production sharing agreement (PSA) between National Oil Companies (NOC) and International Oil Companies (IOC) plays a significant role in the cost and risk of exploration and development of oil. In addition, it is noted that the joint committee of the NOC and IOC plays a paramount role in monitoring the operations of PSA between the NOC and IOC. Hence, from the gross oil production, the NOC gets its share as profit while IOC gets its share income tax. As an instrument of contract structure in the oil and gas sector, PSA needs further entrenchment between IOC and NOC to avoid likely issues that can emanate between the two parties in the face of current developments. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-05-17 How to Cite Hassan, S., Amuda , Y. J., Dhali, M., & Mehar, S. M. (2023). Contract Structure of Production Sharing Agreement by International Oil Company in Exploration of Petroleum Resources in Developing Countries. International Journal of Energy Economics and Policy, 13(3), 7–14. https://doi.org/10.32479/ijeep.14142 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 3 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Haider Mahmood, Shafiqul Hassan, Muhammad Tanveer, Maham Furqan, Rule of Law, Control of Corruption and CO2 Emissions in Pakistan , International Journal of Energy Economics and Policy: Vol. 12 No. 4 (2022) Haider Mahmood, Shafiqul Hassan, Muhammad Tanveer, Abdul-Rahim Ahmad, The Effects of Rule of Law, Regulatory Quality, and Renewable Energy on CO2 Emissions in South Asia , International Journal of Energy Economics and Policy: Vol. 12 No. 6 (2022) Make a Submission Make a Submission Dergi Kapağı

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