Exploration and exploitation of oil and gas resources requires high investments and involves high uncertainties. Many countries use Production Sharing Contracts (PSC) mechanism to explore their potential resources into commercial values. There are various types of PSC that are operated in various countries. Using literature review, this paper identifies various type of the PSC in the world and investigates the advantages, disadvantages including the risks associated with each type of PSC’s. The review results provide source of information about each type of PSC’s that benefits governments, investors, and stakeholders.
Copyrights © 2025