Name: Production Sharing Contracts (PSC) & Related Agreements
Price: 2699 GBP
Availability: InStock

Kuala Lumpur

<section id="isPasted" fr-original-style="" style="box-sizing: border-box;"><h2 style="color: rgb(62, 57, 52); box-sizing: border-box;" fr-original-style=" color: rgb(62, 57, 52);">About this Training Course</h2>Nearly half of the world&rsquo;s petroleum regimes involve some form of production sharing between Contractors and their Host Country. This 3 full-day course examines the operational, fiscal and legal aspects of the different types of Production Sharing Contracts (PSC) in use around the world.The Fiscal System of the PSC is analysed using discounted cash-flow model to illustrate the impact on investment criteria such as net present value, internal rate of return and pay-out from changes in factors such as cost recovery, profit sharing, royalty and income tax.In addition to the provisions within the four-corners of the PSC, the agreements related to the various stages of petroleum operations such as Bidding, Exploration, Development, Production and Decommissioning are examined. They include joint venture operations, drilling and well services and agreements for the sale of crude oil and natural gas. Discussions of these agreements will be illustrated with the use of detailed Checklists.The final session covers emerging issues that will impact the future of PSC operations such as International Dispute Resolution, transfer of Late Life Assets, Global Climate Change, and International and Bilateral Investment Treaties and Trade Sanctions.This course can also be offered through Virtual Instructor Led Training (VILT) format.</section><section fr-original-style="" style="box-sizing: border-box;"><a data-toggle="collapse" href="https://petroedgeasia.net/training/production-sharing-contracts-psc-related-agreements/#collapseOne" style="color: rgb(51, 51, 51); user-select: auto; font-size: var(--font-size); box-sizing: border-box; cursor: pointer; text-decoration: inherit;" fr-original-style=" color: rgb(51, 51, 51);">TRAINING OBJECTIVES</a><div data-parent="#accordion" fr-original-style="" style="box-sizing: border-box;">By attending this Training Course, the participants will will be able to:<ul fr-original-style="" style="box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">Understand&nbsp;the types of PSCs used by host governments to promote the exploration and development of their petroleum resources.</li><li fr-original-style="" style="box-sizing: border-box;">Discuss and apply&nbsp;economic decision-making criteria that is relevant to petroleum development.</li><li fr-original-style="" style="box-sizing: border-box;">Understand&nbsp;the various types of commercial agreements related to petroleum operations under a PSC.</li><li fr-original-style="" style="box-sizing: border-box;">Develop&nbsp;a strategy for negotiating the terms and conditions of the PSC and related agreements.</li><li fr-original-style="" style="box-sizing: border-box;">Effectively participate&nbsp;in operational decisions concerning emerging issues that affect PSC operations.</li></ul>Specific focus is given to:<ul fr-original-style="" style="box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">The structure of a PSC in terms of Commercial, Technical, Legal and Administrative provisions</li><li fr-original-style="" style="box-sizing: border-box;">The interrelationship between contract provisions and economic decisions</li><li fr-original-style="" style="box-sizing: border-box;">Explanation and analysis of key provisions in service, construction and sales contracts that are used in implementing a PSC</li><li fr-original-style="" style="box-sizing: border-box;">Key risk management decisions that are addressed in the context of these PSC related contracts</li><li fr-original-style="" style="box-sizing: border-box;">Emerging issues that will impact the management of operations under a PSC.</li></ul>After attending this course, participants will be better equipped to participate in the management of petroleum operations that are conducted under the umbrella of a Production Sharing Contract, whether as operator, national oil company, or host government.</div><a data-toggle="collapse" href="https://petroedgeasia.net/training/production-sharing-contracts-psc-related-agreements/#collapseTwo" style="color: rgb(51, 51, 51); user-select: auto; font-size: var(--font-size); box-sizing: border-box; cursor: pointer; text-decoration: inherit;" fr-original-style=" color: rgb(51, 51, 51);">TARGET AUDIENCE</a><div data-parent="#accordion" fr-original-style="" style="box-sizing: border-box;">This course will benefit:<ul fr-original-style="" style="box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">Commercial managers&nbsp;in the oil and gas sector looking to improve their contract negotiation skills and overall commercial performance</li><li fr-original-style="" style="box-sizing: border-box;">Contract managers&nbsp;for operators or national oil companies</li><li fr-original-style="" style="box-sizing: border-box;">Policy makers and regulators&nbsp;in the petroleum sector</li><li fr-original-style="" style="box-sizing: border-box;">Legal practitioners&nbsp;looking to specialise in petroleum agreements</li><li fr-original-style="" style="box-sizing: border-box;">Insurance and risk managers&nbsp;looking to reduce the legal and contracts risks for their companies</li></ul></div><a data-toggle="collapse" href="https://petroedgeasia.net/training/production-sharing-contracts-psc-related-agreements/#collapsecl" style="color: rgb(51, 51, 51); user-select: auto; font-size: var(--font-size); box-sizing: border-box; cursor: pointer; text-decoration: inherit;" fr-original-style=" color: rgb(51, 51, 51);">COURSE LEVEL</a><div data-parent="#accordion" fr-original-style="" style="box-sizing: border-box;"><ul fr-original-style="" style="box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">Intermediate</li></ul></div><a data-toggle="collapse" href="https://petroedgeasia.net/training/production-sharing-contracts-psc-related-agreements/#collapseFive" style="color: rgb(51, 51, 51); user-select: auto; font-size: var(--font-size); box-sizing: border-box; cursor: pointer; text-decoration: inherit;" fr-original-style=" color: rgb(51, 51, 51);">TRAINER</a><div data-parent="#accordion" fr-original-style="" style="box-sizing: border-box;">Your expert course leader previously served as General Counsel for a petroleum and mineral appraisal and consulting firm based in Colorado. He supports clients in business transactions and finance, particularly in the energy industry, and helps clients navigate international business opportunities. He provides consulting services to foreign government entities working in the petroleum and power sectors. He also supports domestic clients with mineral rights and business law matters. He is licensed to practice law in the State of Wyoming and the State of Colorado, as well as the Federal District of Wyoming.His previous engagement includes:Petroleum Regulator Organizational Strategy and Management in Bosnia&nbsp; &ndash; Legal and regulatory specialist responsible for providing organizational strategy and management advisory assistance to government entities responsible for petroleum management and regulation, reviewing bid round documents, concession agreements and legislation affective petroleum management, and providing other legal, regulatory and policy support to the government. 2019-2020.Onshore/Offshore Petroleum Regulatory Development in Romania &ndash; International legal and regulatory specialist responsible for reviewing petroleum data management and technical oversight practices, providing input on fiscal analysis and terms, development of offshore regulatory framework, and providing technical trainings on leading practices in petroleum legal, regulatory, fiscal, and policy issues.International Petroleum Contracts and Legal Analysis in Albania&nbsp;&ndash; International oil and Gas specialist role providing legal and policy advice to Albania&rsquo;s petroleum regulator, designed and presented a two-day course on production sharing contracts, supported capacity building initiatives and improved petroleum policy development in Albania, supported legal and regulatory aspects of the petroleum tender and bidding process. 2018-2020.Natural Gas Legal and Regulatory Development in Honduras &ndash; Natural Gas legal expert responsible for supporting Honduras&rsquo;national electrical utility with natural Gas and LNG legal, regulatory and policy advice, reviewed natural Gas legal and regulatory frameworks from surrounding jurisdictions and prepared a report and presentation to discuss specific challenges related to natural Gas development and utilization in Honduras.Shale Gas Legal and Regulatory Analysis in Western Cape Province, South Africa &ndash; Legal and regulatory specialist responsible for reviewing provincial and municipal approaches to shale Gas regulation for a proposed onshore shale Gas project in the Karoo Basin, worked on behalf of provincial government to improve government collaboration and coordination for large scale industrial development and assisted with development of municipal-level regulatory practices.Gas-to-Power Generation Policy Development in Nigeria&nbsp;&ndash; Natural Gas legal and regulatory specialist responsible for reviewing Gas-to-power market arrangements, government natural Gas policies and governance/financial structures to identify areas for improvement to national meet power generation goals. 2017-2018 Client: U.S. Department of State &ndash; Energy Governance and Capacity Initiative.Sri Lanka Petroleum Legal and Regulatory Support&nbsp;&ndash; Legal and regulatory expert charged with reviewing and developing key areas of national petroleum regulatory policy, review of contracts and building capacity within the Ministry of Petroleum Resources Development and Petroleum Resources Development Secretariat.</div><a data-toggle="collapse" href="https://petroedgeasia.net/training/production-sharing-contracts-psc-related-agreements/#collapseCS" style="color: rgb(51, 51, 51); user-select: auto; font-size: var(--font-size); box-sizing: border-box; cursor: pointer; text-decoration: inherit;" fr-original-style=" color: rgb(51, 51, 51);">POST TRAINING COACHING SUPPORT (OPTIONAL)</a><div data-parent="#accordion" fr-original-style="" style="box-sizing: border-box;">To further optimise your learning experience from our courses, we also offer individualized &ldquo;One to One&rdquo; coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster. <a href="mailto:info@asiaedge.net?subject=Request%20for%20further%20information%20regarding%20post%20training%20coaching%20support" target="_blank" rel="noopener" style="color: rgb(0, 123, 255); user-select: auto; font-size: var(--font-size); box-sizing: border-box; cursor: pointer; text-decoration: inherit;" fr-original-style=" color: rgb(0, 123, 255);">Request for further information about post training coaching support</a>&nbsp;and fees applicable for this.</div><a data-toggle="collapse" href="https://petroedgeasia.net/training/production-sharing-contracts-psc-related-agreements/#collapseSeven" style="color: rgb(51, 51, 51); user-select: auto; font-size: var(--font-size); box-sizing: border-box; cursor: pointer; text-decoration: inherit;" fr-original-style=" color: rgb(51, 51, 51);">ACCREDITIONS AND AFFLIATIONS</a></section>

About this Training Course
Nearly half of the world’s petroleum regimes involve some form of production sharing between Contractors and their Host Country. This 3 full-day course examines the operational, fiscal and legal aspects of the different types of Production Sharing Contracts (PSC) in use around the world.
The Fiscal System of the PSC is analysed using discounted cash-flow model to illustrate the impact on investment criteria such as net present value, internal rate of return and pay-out from changes in factors such as cost recovery, profit sharing, royalty and income tax.
In addition to the provisions within the four-corners of the PSC, the agreements related to the various stages of petroleum operations such as Bidding, Exploration, Development, Production and Decommissioning are examined. They include joint venture operations, drilling and well services and agreements for the sale of crude oil and natural gas. Discussions of these agreements will be illustrated with the use of detailed Checklists.
The final session covers emerging issues that will impact the future of PSC operations such as International Dispute Resolution, transfer of Late Life Assets, Global Climate Change, and International and Bilateral Investment Treaties and Trade Sanctions.
This course can also be offered through Virtual Instructor Led Training (VILT) format.
TRAINING OBJECTIVES
By attending this Training Course, the participants will will be able to:
Understand the types of PSCs used by host governments to promote the exploration and development of their petroleum resources.
Discuss and apply economic decision-making criteria that is relevant to petroleum development.
Understand the various types of commercial agreements related to petroleum operations under a PSC.
Develop a strategy for negotiating the terms and conditions of the PSC and related agreements.
Effectively participate in operational decisions concerning emerging issues that affect PSC operations.
Specific focus is given to:
The structure of a PSC in terms of Commercial, Technical, Legal and Administrative provisions
The interrelationship between contract provisions and economic decisions
Explanation and analysis of key provisions in service, construction and sales contracts that are used in implementing a PSC
Key risk management decisions that are addressed in the context of these PSC related contracts
Emerging issues that will impact the management of operations under a PSC.
After attending this course, participants will be better equipped to participate in the management of petroleum operations that are conducted under the umbrella of a Production Sharing Contract, whether as operator, national oil company, or host government.
TARGET AUDIENCE
This course will benefit:
Commercial managers in the oil and gas sector looking to improve their contract negotiation skills and overall commercial performance
Contract managers for operators or national oil companies
Policy makers and regulators in the petroleum sector
Legal practitioners looking to specialise in petroleum agreements
Insurance and risk managers looking to reduce the legal and contracts risks for their companies
COURSE LEVEL
Intermediate
TRAINER
Your expert course leader previously served as General Counsel for a petroleum and mineral appraisal and consulting firm based in Colorado. He supports clients in business transactions and finance, particularly in the energy industry, and helps clients navigate international business opportunities. He provides consulting services to foreign government entities working in the petroleum and power sectors. He also supports domestic clients with mineral rights and business law matters. He is licensed to practice law in the State of Wyoming and the State of Colorado, as well as the Federal District of Wyoming.
His previous engagement includes:
Petroleum Regulator Organizational Strategy and Management in Bosnia  – Legal and regulatory specialist responsible for providing organizational strategy and management advisory assistance to government entities responsible for petroleum management and regulation, reviewing bid round documents, concession agreements and legislation affective petroleum management, and providing other legal, regulatory and policy support to the government. 2019-2020.
Onshore/Offshore Petroleum Regulatory Development in Romania – International legal and regulatory specialist responsible for reviewing petroleum data management and technical oversight practices, providing input on fiscal analysis and terms, development of offshore regulatory framework, and providing technical trainings on leading practices in petroleum legal, regulatory, fiscal, and policy issues.
International Petroleum Contracts and Legal Analysis in Albania – International oil and Gas specialist role providing legal and policy advice to Albania’s petroleum regulator, designed and presented a two-day course on production sharing contracts, supported capacity building initiatives and improved petroleum policy development in Albania, supported legal and regulatory aspects of the petroleum tender and bidding process. 2018-2020.
Natural Gas Legal and Regulatory Development in Honduras – Natural Gas legal expert responsible for supporting Honduras’national electrical utility with natural Gas and LNG legal, regulatory and policy advice, reviewed natural Gas legal and regulatory frameworks from surrounding jurisdictions and prepared a report and presentation to discuss specific challenges related to natural Gas development and utilization in Honduras.
Shale Gas Legal and Regulatory Analysis in Western Cape Province, South Africa – Legal and regulatory specialist responsible for reviewing provincial and municipal approaches to shale Gas regulation for a proposed onshore shale Gas project in the Karoo Basin, worked on behalf of provincial government to improve government collaboration and coordination for large scale industrial development and assisted with development of municipal-level regulatory practices.
Gas-to-Power Generation Policy Development in Nigeria – Natural Gas legal and regulatory specialist responsible for reviewing Gas-to-power market arrangements, government natural Gas policies and governance/financial structures to identify areas for improvement to national meet power generation goals. 2017-2018 Client: U.S. Department of State – Energy Governance and Capacity Initiative.
Sri Lanka Petroleum Legal and Regulatory Support – Legal and regulatory expert charged with reviewing and developing key areas of national petroleum regulatory policy, review of contracts and building capacity within the Ministry of Petroleum Resources Development and Petroleum Resources Development Secretariat.
POST TRAINING COACHING SUPPORT (OPTIONAL)
To further optimise your learning experience from our courses, we also offer individualized “One to One” coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster.
Request for further information about post training coaching support and fees applicable for this.
ACCREDITIONS AND AFFLIATIONS
 

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