Production Sharing Contracts Module 1

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

Location: Singapore

Venue: To be confirmed (Check The Map)

Starts: 04 Sep 2017

Ends: 06 Sep 2017

Type: Course

Register Now for USD 2,875* or Ask A Question

* Includes Early Bird Discount! Price increases to USD 3,190 on 04 Aug 2017

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

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.

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

Why You Should Attend

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.

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

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

Held in More Than 40 Countries Across the Globe with Anchor Venues In Singapore, Houston & London The PSC Course started life in the early 1990’s as a two-day course on Risk Analysis. Nearly two decades later, it has morphed into a five-day expose examining state-of-the-art practice and techniques in worldwide fiscal system, analysis and design, encompassing more than 45 variations of PSCs, Risk Service Contracts, PSAs, Petroleum Concession Agreements, EOR PSCs and other permutations. Having been held in more than 40 cities across the globe, with Singapore, London and Houston as anchor venues annually, it has trained over 2500 upstream executives, negotiators, finance and legal managers, the world over and consistently retained its status and renown as the
world’s best-selling and most authoritative course on the subject of production sharing contracts.

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.

Contact Us

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

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