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International Oil and Gas Exploitation Contracts

MDT International
Course summary
5 days
2,750 GBP excl. VAT
Open / Scheduled
Next available date: 18/02/2019 09:00 - London
(11 Reviews)
Course Dates
London
18/02/2019 09:00 
2,750 GBP
10/06/2019 09:00 
2,750 GBP
Dubai
17/03/2019 09:00 
2,750 GBP
15/09/2019 09:00 
2,750 GBP
Kuala Lumpur
15/04/2019 09:00 
2,750 GBP
14/10/2019 09:00 
2,750 GBP

Course description

International Oil and Gas Exploitation Contracts

International oil and gas exploitation contracts - 5-day Training Course

This International oil and gas exploitation contracts course offers a broad, practical introduction to the management of oil and gas exploration, development and production contracts.

The aim of the course is to give delegates from different levels and disciplines an insight into the following main topics:

  • the main aspects of oil and gas exploitation contracts
  • the benefits of different kinds of international exploration, development and production contracts
  • the development of agreements that meet your organisation's needs
  • the weight of non-financial elements on profitability
  • the management of risks in contractual terms

Suitability - Who should attend?

This International oil and gas exploitation contracts course is aimed at oil and gas professionals in all disciplines and at all levels, including:

  • business development
  • contract negotiations
  • business analysis
  • strategic planning
  • joint-venture representation
  • investment in petroleum projects

Outcome / Qualification etc.

Participants on this course are eligible for 35 hours of CPD accreditation on completion. 

Training Course Content

This International oil and gas exploitation contracts course has been designed to cover the following content:

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

Expenses

Course Fee: £2750.00 (+ VAT for attending UK courses). Fees include your attendance at the relevant training course/s and the provision of a comprehensive training course manual, course completion certificate, plus lunch and refreshments during the training day. Fees do not include accommodation and living costs.

MDT International can also provide this course on an in-house course basis, to discuss please submit enquiry. 

About provider

MDT International - Finance, Commercial & Management Courses for the Oil & Gas Industry

We deliver commercial training courses in most major established and emerging international oil and gas hubs. Whether you're taking part in an open course, or benefiting from the customised experience of our in-house training, you know what you’ll learn from some...


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Contact info

MDT International

MDT International Ltd
45 Albert Street
AB25 1XT Aberdeen

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www.mdtinternational.com


Reviews

Christopher, ND Western
          (5)
The trainer brought the course material to life with relatable examples and excellent mastery of the subject.
Daisuke, Mitsui
          (4)
I'm pleased to have completed the course as I have gained a lot of knowledge on the subject and common terms/words used in the E&P industry. The presentation was excellent and the case study on each contract was very useful.
Rawan, Kuwait Petroleum
          (5)
New knowledge has been gained.
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Reviews
International Oil and Gas Exploitation Contracts
Course rating
          (4.7)
Based on 11 reviews
Case Study