Following Commercial functions are performed for ‘Contract Management’ of PSC:
- Monitoring of Government Revenue in the form of License fees, Royalty,Cess, Government share of Profit Petroleum, Production Linked payment in case of CBM blocks and to take corrective action in case of non-adherence of timelines. Examination & Validation of Annual Audited accounts in respect of blocks to ensure compliance of PSC provisions.
- Validation of Budget provided for the Annual Work Programme.
- Evaluation & Validation of Declaration of Commerciality (DOC) and Field Evaluation Plan (FDP) to ensure economic feasibility in Petroleum Operations.
- Financial evaluation of bids at the time of bidding to assess the financial worthiness of the company while awarding the block/new acreage.
- Analyzing financial dimensions in policy formulation pertaining to upstream sector
