Course Description

Petroleum doesn’t keep going forever. It is a non-­renewable asset. This essentially drives the business choices of Governments and organizations, a key piece of which is that most petroleum contracts are organized to think about the whole life expectancy of a task, its start, middle, and end.

Upstream Petroleum contracts can vary widely in their details; however, all must establish two key issues on how profits are divided between the government and participating companies.

This training course gives inside and out data on the kinds of upstream petroleum contracts and what their disparities are and what are the principle authoritative terms delegates need to know so as to completely see a wide range of Upstream Petroleum Contracts. This training course will exhaustively cover Production Sharing Contracts, Exploration and Production Agreement (E&P) Exploration and Exploitation Contract, License Agreement, and delegates will remove fundamentals components of these agreements to be successfully utilized in their own organizations

Course Objectives:

Delegates will have a working knowledge of Upstream Petroleum Contracts and how to apply this knowledge to administering Production Sharing Contracts.  At the end of this training course, you will learn to:

• Gain a full understanding of the different types of the Upstream Petroleum Contracts
• Demonstrate a sound understanding of the main contractual terms and their differences between the various types of contracts from PSA, Service contracts and others
• State the approaches to negotiation of these contracts
• Apply the best terms into Upstream Petroleum Contracts
• Develop the skills needed to seal a favorable Upstream Petroleum Contracts

Who Should Attend?

This training course will benefit all levels of personnel involved in resolution of oil and gas disputes.   It will enable a broad range of disciplines to appreciate and understand the complexities of conflict resolution in the Oil and Gas industry, and how best to manage disputes in the oil and gas industry. This training course is appropriate to a wide range of professionals but will greatly benefit:

• Senior contract negotiators and managers
• Legal managers, legal counsel
• Commercial and business managers
• Contracts administrators, and managers
• Commercial, financial and insurance professionals
• Project and General Management personnel

Delivery Method:

Delegates will gain greater understanding of the subject matter through presentations by an experienced international practitioner designed to both inform and broaden the perspectives of the participants. Case studies will be reviewed and discussed bearing in mind some of the realistic scenarios participants may encounter.  Interactive discussions to encourage discussion of problems and possible solutions to it.  Negotiation simulation exercise will help participants get a realistic feel for negotiating a PSA contract.

Venue: 

Fee: 

Duration: 1 Week

Date: October 3rd – 7th, 2022