Course description
International oil and gas exploitation contracts - 5-day In-house 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
Upcoming start dates
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
Course delivery details
Why choose MDT International
Over 90% of participants say our training met or exceeded their expectations
MDT have worked with 500+ organisations worldwide
Our trainers have 25+ years of experience in the O&G Industry
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Reviews
Average rating 4.7
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 t...
New knowledge has been gained.
Expenses
Contact MDT International if you would like to arrange this in-house course.
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MDT International - Finance, Commercial & Management Courses for the Oil & Gas Industry
MDT delivers 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...
The trainer brought the course material to life with relatable examples and excellent mastery of the subject.