Production Sharing Contracts Module 1 - 27th Annual Middle East Petroleum & Gas Conference

This 3-day course provides you with critical information to create the right commercial framework for successful PSC negotiations

Location: Dubai, UAE

Venue: InterContinental Dubai Festival City, Dubai, UAE

Starts: 07 Apr 2019

Ends: 09 Apr 2019

Type: Course

Register Now for USD 3,190

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Course Director

*At least one course director per venue.

Keys Drivers & Trends

  • Theory of Economic Rent
  • Taxation Theory related to the Petroleum Industry
  • Calculating Contractor Take: The Common Denominator
  • Negotiation of Commercial Terms: Key Aspects
  • Concessionary (Royalty/Tax) Systems
  • Production Sharing Contracts
  • Variations of the PSC Theme
  • Risk Service Contracts
  • Rate of Return Contracts
  • Joint Ventures
  • Technical Assistance/EOR PSCs
  • Threshold Field Size Analysis
  • The Global Market For Exploration Acreage
  • Worldwide Fiscal Systems

The modern day PSC has evolved into a complex contractual document governing risks and rewards inherent in oil exploration. With volatile prices and changing geopolitical scenarios, it is vital to understand not only the changing terminology and semantics of the PSC but also how fiscal systems have evolved, their economic and financial impact. PSCs in over 45 countries will be examined. A must for all senior managers in new ventures, exploration, corporate planning, geology, as well as petroleum negotiators, oil company legal counsel, advisers, geologists and engineers.

WHAT YOU WILL LEARN:
Detailed Assessment of Worldwide Fiscal Systems 
Get a detailed assessment of worldwide fiscal systems, industry metrics, trends and variations in:

  • PSCs/PSAs, Royalty/Tax Systems, Service
  • Agreements, Risk Service Contracts, EOR PSCs
  • Negotiation & Commercial Terms
  • Government & Contractor Take, Effective Royalty Rate
  • Rate of Return Systems & R-Factors
  • Ringfencing, Relinquishment, Bonuses, Goldplating
  • Global Market for Exploration Acreage
  • What are the biggest concerns of National Oil Companies?

Plus Exercises on

  • Calculating government take
  • Effective royalty rates
  • Cash flow audits
  • Value of reserves
  • Savings index
  • Government participation
  • Lifting entitlement (‘booking barrels’)
  • Sliding scales

Course Outline

  1. Theory of Economic Rent
  2. Taxation Theory Related to the Petroleum Industry
  3. Calculating Contractor Take: The Common Denominator
  4. Negotiation of Commercial Terms: Key Aspects
  5. Concessionary (Royalty / Tax) Systems
  6. Production Sharing Contracts
  7. Variations on the PSC Theme
  8. Risk Service Contracts
  9. Rate of Return Contracts
  10. Joint Ventures
  11. Technical Assistance / EOR PSCs
  12. Threshold Field Size Analysis
  13. The Global Market for Exploration Acreage
  14. Worldwide Fiscal Systems
  15. Production Sharing Contract Outline

Who Should Attend

International & Government Negotiators

Corporate/Strategic Planners

Policy/ Economic/Financial Analysts

Legal Advisors & In-House Counse

Finance Directors & Managers

Accountants & Financial Controllers

Tax & Finance Advisors

Production & Reservoir Managers

Media Sponsor

Testimonials

List of Participating Companies for 2018

AMEXHI • Chandler MHM • Chevron • CNOOC • Daniel Johnston & Co. • Dolphin Energy • Kernel Oil • Kuwait Foreign Petroleum Exploration Company • Ministry of Finance & Planning • Mitsui Oil Exploration Co. • Mubadala Petroleum • Oman Oil Company Exploration & Production LLC • Osaka Gas • Petroleum Institute of Thailand • PETRONAS • PTT Exploration & Production Public Company • Standard Chartered Bank • TRC Consultants LC • Tri-Star Petroleum Company • TOTAL E&P Nigeria and many more

Special fees are available for group attendance.  This course can also be arranged as an in-company program.  Please get in touch with us for more information.

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Contact Us

psc@cconnection.org
+65 6338 0064
+65 6338 4090

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