Tag: Cost Stop
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![The Difference Between Cost Stop and Excess Oil in Production Sharing Agreements [PSA/PSC]](https://petrollex.ir/wp-content/uploads/2025/12/post10-en.jpg)
The Difference Between Cost Stop and Excess Oil in Production Sharing Agreements [PSA/PSC]
These types of contracts, alongside concession, service, and hybrid agreements, are among the main upstream contractual models commonly used in the oil industry. The original idea was first introduced in Bolivia in the 1950s, but the modern form was developed in Indonesia in the 1960s. In PSC contracts, the capital and operating expenditures incurred by…