Course Description

Petroleum doesn’t last forever. It is a non-renewable resource. This fundamentally drives the business decisions of Governments and companies, a key part of which is that most petroleum contracts are structured to contemplate the entire life span of a project, it’s beginning, 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 course provides in-depth information on the types of upstream petroleum contracts and what their differences are and what are the main contractual terms participants need to know in order to fully understand all types of Upstream Petroleum Contracts. This training course will comprehensively cover Production Sharing Contracts, Exploration & Production Agreement (E&P) Exploration & Exploitation Contract, License Agreement, and participants will take away essentials elements of these contracts to be effectively used in their own companies

Course Objectives:

At the end of this training course, Participants will able to:

• Demonstrate a full understanding of the different types of the upstream petroleum contracts
• Identify the main contractual terms and the differences between the various types of contracts from production sharing contracts (PSA), joint ventures, Service contracts and others
• Utilize the best approaches to negotiation of these contracts
• Use the best terms in these Upstream Petroleum Contracts

Who Should Attend?                  

• 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

Training Methodology: Audio-visual aids, case studies, power-point presentations, relevant and thought-provoking exercises, Practical demonstrations and facilitated discussions, Participants will gain both theoretical and practical knowledge of the topics

Venue:  

Fee: 

Duration: 1 week

Course Date: July 3rd – 7th, 2023