International Oil and Gas Exploitation Contracts

Learn more Date of Training
17 Mar 2019

This course draws widely on industry case studies and realistic examples to deliver a broad-based, practical introduction to managing oil and gas exploration, development and production contracts.

What you will learn:

  • the structure and benefits of different types of international contracts for petroleum exploration, development and production
  • the key elements of oil and gas exploitation contracts
  • how to structure the agreement(s) to meet your company's needs
  • the different needs and expectations of national and international oil and gas companies
  • an understanding of non-financial elements and their impact on economics and profitability
  • how to identify and manage appropriately the risks and opportunities in the contract terms
  • how to differentiate between oil and gas exploitation and marketing issues involved in gas contracts
  • how to model the changing parameters in a typical PSC

Training method

This course makes extensive use of petroleum industry case studies, examples and exercises, with delegates working individually and in teams when tackling a variety of industry-specific challenges.

35 hours CPD accreditation

What are "international exploitation contracts" and how do they work?

  • The key differences between PSCs, concessions, service contracts and joint-venture contracts
  • The rights and obligations of the parties at each stage

Why do we have PSCs?

  • Understand what PSCs are designed to do and how they are evolving

Who gets the production?

  • How to work out the production splits
  • Untangling the "R factor"

How are the contracts dealt with in the exploration phase?

  • Managing timescales, minimum work programmes, appraisal and relinquishment
  • Setting criteria, evaluating and agreeing ‘commerciality'

What are the objectives in the development and production phase?

  • Differences between host countries and contracting companies and how to bridge the gaps
  • Bonuses, royalties, taxes and pricing issues

Where is the balance of risk in the contract provisions?

  • Using incentives structures to even out the upsides and downsides of the contract terms for each party
  • The challenge of decommissioning obligations

How to manage the economics of international contracts

  • Tools for assessing the value of success and the cost of failure
  • How do we set the right price?
  • Special issues for marginal fields

Who pays for and carries the risk during development programmes?

  • Where to find sources of funding from the public and private sector
  • How are ‘non-financial issues' dealt with?
  • How to meet national policies and contract commitments for employment, training, local purchasing and HSE compliance

How is cost recovery set up and managed?

What are the effects of unitisation and redetermination?

In what ways are gas contracts different?

  • Special considerations for natural gas and LNG production, transportation, processing and sales agreements
  • Understanding the LNG marketplace

Future trends

  • Has the traditional PSC had its day?
  • Recent developments in contracting
  • The changing role of IOCs

New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Learn More

Date of Training

17 Mar 2019

oil and gas explorationdevelopmenttrainingcontractsstructure agreementsmanage riskpetroleumeconomicsexploitation contractsmanagementProcurementPSC

More items from marielamb

International Business Communication Skills

This practical course, which includes realistic exercise and role-play scenarios, will help you improve your international business communication and influencing skills and project a more professional image. What you will learn: the business communication skills required by international manager ...

MDT International - MDT International Ltd

London   England   GB 24 Jun 2019

Posted 1 year agoTraining

Advanced Leadership & People Management Skills

This practical leadership course will help you achieve your business goals by enhancing your people management skills. What you will learn: Identify the key competencies and skills required by international managers. Assess your own levels of competence in business skills, personal effectivene ...

MDT International - MDT International Ltd

London   England   GB 17 Jun 2019

Posted 1 year agoTraining

Leadership & People Management Skills

As international companies move towards a flatter, team-based structure, supervisors and team leaders need to learn to combine fulltime operational responsibilities with leadership roles. This practical activity-based course is aimed at developing essential leadership and people management skills i ...

MDT International - MDT International Ltd

London   England   GB 10 Jun 2019

Posted 1 year agoTraining

Contracts Strategy & Management

Developing your own effective procurement and Supply Chain Management (SCM) strategy can make valuable quantifiable contributions to your company's performance. This practical course shows you how to adopt a "best-practice" model, and outlines the latest thinking in upstream petroleum industry proc ...

MDT International - MDT International Ltd

London   England   GB 24 Jun 2019

Posted 1 year agoTraining

Negotiation Skills for the Oil & Gas Industry

This highly-interactive workshop demonstrates a structured approach to effective negotiating and introduces Breakthrough Negotiation Strategy to achieve results in difficult and complex negotiations. What you will learn: how to plan and prepare for negotiations how to recognise the vital steps ...

MDT International - MDT International Ltd

London   England   GB 17 Jun 2019

Posted 1 year agoTraining
All posts from marielamb