The Surinamese Production Sharing Contract: Legal, Fiscal, and Policy Foundations

This course explains how Suriname’s Production Sharing Contract (PSC) governs its offshore oil and gas sector. Based on the book The Surinamese Production Sharing Contract by Siegfried G. Kenswil LL.M., it explores the PSC’s legal origins, fiscal design, and stabilisation guarantees under State Decree 2018-52. Participants learn how royalty, cost recovery, profit oil, and taxation interact within Suriname’s hybrid public-private model. The course also compares Suriname’s regime with Indonesia, Ghana, and Norway, and outlines the path toward a codified Petroleum & PSC Act. Ideal for lawyers, policymakers, Staatsolie staff, and energy professionals seeking to understand Suriname’s petroleum framework.

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The Surinamese Production Sharing Contract: Legal, Fiscal, and Policy Foundations

Course content

10 sections | 20 lessons

Introduction

Section 1: Setting the Stage – Origins of the Production Sharing Contract

Section 2 – The Staatsolie Model PSC: Structure and Legal Foundation

Section 3 - Contract Mechanics (Articles 1–10

Section 4 - Fiscal Architecture (Articles 11–18)

Section 5 - Governance, Information, and Audit (Articles 22–27)

Section 6 - Local Content, Environment, and Social Responsibility (Articles 28–33)

Section 7 – Legal Provisions and Dispute Resolution (Articles 40–43)

Section 8: Comparative and Policy Outlook

Bonus Section: Applied Fiscal Modelling

The Surinamese Production Sharing Contract: Legal, Fiscal, and Policy Foundations

Introduction1 Lessons

Introduction

Section 1: Setting the Stage – Origins of the Production Sharing Contract3 Lessons

Section 1: Setting the Stage – Origins of the Production Sharing Contract

Section 2 – The Staatsolie Model PSC: Structure and Legal Foundation3 Lessons

Section 2 – The Staatsolie Model PSC: Structure and Legal Foundation

Section 3 - Contract Mechanics (Articles 1–103 Lessons

Section 3 - Contract Mechanics (Articles 1–10

Section 4 - Fiscal Architecture (Articles 11–18)3 Lessons

Section 4 - Fiscal Architecture (Articles 11–18)

Section 5 - Governance, Information, and Audit (Articles 22–27)3 Lessons

Section 5 - Governance, Information, and Audit (Articles 22–27)

Section 6 - Local Content, Environment, and Social Responsibility (Articles 28–33)1 Lessons

Section 6 - Local Content, Environment, and Social Responsibility (Articles 28–33)

Section 7 – Legal Provisions and Dispute Resolution (Articles 40–43)1 Lessons

Section 7 – Legal Provisions and Dispute Resolution (Articles 40–43)

Section 8: Comparative and Policy Outlook1 Lessons

Section 8: Comparative and Policy Outlook

Bonus Section: Applied Fiscal Modelling1 Lessons

Bonus Section: Applied Fiscal Modelling