Production Sharing Contracts Module 1

This 1.5-day course provides you with critical information to create the right commercial framework for successful PSC negotiations

Location: Dubai, UAE

Venue: Dubai, UAE (Check The Map)

Starts: 08 Apr 2019

Ends: 09 Apr 2019

Type: Course

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A GLOBAL COURSE FOR STATE-OF-THE-ART THEORY, PRACTICE & TECHNIQUES
IN FISCAL SYSTEM ANALYSIS & DESIGN

 

The Production Sharing Contracts (PSC) course provides critical information to create the right commercial framework for successful PSC negotiations. It examines state-of-the-art practice and techniques in fiscal system, analysis and design. Any type of ‘extractive industry’ will come under the realm of the course including coal, gold & rock mining, geothermal, coal-bed methane, conventional oil & gas, shale oil & gas, deepwater, enhanced oil recovery, LNG & gas-fired power generation. And that is because the PSC course goes way beyond just PSCs.

Course Director

*At least one course director per venue.

Keys issues covered

  • 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. It covers:-

  • All types of fiscal/contractual arrangements that govern business relationships between oil companies and governments
  • Strong fundamental elements of normal petroleum operations, production & revenue generation, cost recovery and division of profits
  • Numerous variations on the basic themes such as royalty/tax, PSC and Service Agreements, Risk Service Contracts, rate of return systems & R-factors, ringfencing, relinquishment, bonuses & goldplating

Having been held in more than forty cities across the globe, with Middle East, Singapore and Houston as annual anchor course venues, the PSC course has consistently retained its status and renown as the world’s best-selling and the most authoritative course on the subject. More than 5,500 delegates from over 1500 global players have attended the PSC Courses held the world over in the past 20 years.

PSCs in over 30 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. An additional session on the 4th/5th day of the course will feature practical computer-based basics of petroleum risk analysis and decision theory, progressing to the finer points of economic modelling in the international arena.

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

What you will learn

  • 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?

 

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

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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