Production-Sharing Agreements - Panorama Insurance Brokers

Production-Sharing Agreements

Much discussion has been ongoing about the nature of the Production Sharing Agreement (PSA) Guyana has entered with ExxonMobil for the Stabroek block, since oil was discovered back in 2015 and production got underway in December 2019.

But what exactly are PSAs? Below is Part 1 of an excerpt from an analysis done by Kristen Bindemann from the Oxford Institute of Energy Studies, which explains what PSAs are, with some historical perspective.