Under the concession agreement, the IOC pays royalties in cash or in kind; Under the EPI, royalties can be deducted from the entire production before being cooked to that production. It can also be paid for or cancelled in full by the HC or NOC on behalf of the IOC. The equipment, tools and facilities used by the IOC during the duration of the oil concession contract belong to the IOC and may be transferred free of charge to the HC or NOC at the expiry of the concession contract, unless HC or NOC ask the IOC to withdraw them from the territory of the concession agreement. The Regional Masterclass on Production Sharing Contracts is a three-day course in Kuala Lumpur. The course was designed to give delegates a clear overview of some of the central issues and mechanisms that define a CSP, and provides an immersive experience through case studies and exercises. The provision of content is open; dialogue – classroom discussion and knowledge exchange that would occupy the participants. After deducting the share allocated to the coverage of the IOC costs in accordance with the EPI and likely to differ from one agreement to another, the remaining part of the production is divided between the HC or its NOC and the contractor. This share is the proportion of the contractor`s profits that is subject to the percentage set out in the provisions of the EPI. An example of such a control mechanism under the Egyptian oil exploration and development agreement is that during the exploration phases, the contractor is required to develop an exploration program and a budget for the area where the measures it plans to take the following year. The work program and budget will be reviewed by a six-member joint committee (Exploration Advisory Committee); Three of them are appointed by the Egyptian General Petroleum Corporation (EGPC), the other three by a contractor, the president is appointed by the EGPC on his side.