First Tranche
Similar to a royalty, this is the initial payment made under a Production Sharing Contract (PSC). Unlike a royalty, it is typically distributed between the Government and the Operator according to their respective shares of Profit Oil.
Similar to a royalty, this is the initial payment made under a Production Sharing Contract (PSC). Unlike a royalty, it is typically distributed between the Government and the Operator according to their respective shares of Profit Oil.
