Application of the Delayed Royalty Framework for Onshore Petroleum Investment in Nigeria Using the 1993 Production Sharing Contract

The 1993 production sharing contract (PSC) in Nigeria specifies different royalty rates for oil and gas investment. were fixed. This makes the fiscal arrangement to be regressive nature. Royalty rate of 20% is paid onshore investment using PSC. Hence, there a need make progressive. delayed framework was incorporated into the1993 PSC as progressive measure it dynamic. Two economic models developed spreadsheet technique evaluate impact on petroleum used develop models. one delay payment hinged payout period It observed that increased contractor’s revenue during low price. Thus, increasing sustainability