How to scrutinise a Production Sharing Agreement: A guide for the oil and gas sector based on experience from the Caspian region

Abstract

This guide discusses the provisions of a particular type of oil and gas contract, the Production Sharing Agreement (PSA). While the guide is aimed at a general civil society readership, it draws particularly on experience from Kazakhstan. The purpose of this guide is to give an accessible account of some key characteristics of PSAs, with a focus on revenue issues, and to suggest action points for civil society organisations involved with monitoring extractive industries. Indeed, in recent years the public in resource-rich states has become increasingly concerned about the management of extractive industry revenues.