Production and sharing Contracts Training Course

Available Dates

Dec-23-2024

Dubai
Jan-06-2025

Dubai
Feb-03-2025

Dubai
Mar-03-2025

Dubai
Apr-07-2025

Dubai
May-05-2025

Dubai
June-02-2025

Dubai
June-30-2025

Dubai
July-07-2025

Dubai
Aug-04-2025

Dubai
Sep-01-2025

Dubai
Sep-29-2025

Dubai
Oct-06-2025

Dubai
Nov-03-2025

Dubai
Dec-01-2025

Dubai
Dec-29-2025

Dubai

Dates in Other Venues

Jan-06-2025

Barcelona
Jan-13-2025

Kuala Lumpur
Jan-13-2025

Istanbul
Jan-20-2025

Paris
Jan-20-2025

Barcelona
Jan-27-2025

Amsterdam
Jan-27-2025

London
Feb-03-2025

Barcelona
Feb-10-2025

Istanbul
Feb-10-2025

Kuala Lumpur
Feb-17-2025

Barcelona
Feb-17-2025

Paris
Feb-24-2025

Amsterdam
Feb-24-2025

London
Mar-03-2025

Barcelona
Mar-10-2025

Kuala Lumpur
Mar-10-2025

Istanbul
Mar-17-2025

Paris
Mar-17-2025

Barcelona
Mar-24-2025

Amsterdam
Mar-24-2025

London
Apr-07-2025

Barcelona
Apr-14-2025

Kuala Lumpur
Apr-14-2025

Istanbul
Apr-21-2025

Barcelona
Apr-21-2025

Paris
Apr-28-2025

London
Apr-28-2025

Amsterdam
May-05-2025

Barcelona
May-12-2025

Istanbul
May-12-2025

Kuala Lumpur
May-19-2025

Barcelona
May-19-2025

Paris
May-26-2025

London
May-26-2025

Amsterdam
June-02-2025

Barcelona
June-09-2025

Kuala Lumpur
June-09-2025

Istanbul
June-16-2025

Barcelona
June-16-2025

Paris
June-23-2025

London
June-30-2025

Barcelona
June-30-2025

Amsterdam
July-07-2025

Barcelona
July-14-2025

Istanbul
July-14-2025

Kuala Lumpur
July-21-2025

Barcelona
July-21-2025

Paris
July-28-2025

Amsterdam
July-28-2025

London
Aug-04-2025

Barcelona
Aug-11-2025

Kuala Lumpur
Aug-11-2025

Istanbul
Aug-18-2025

Barcelona
Aug-18-2025

Paris
Aug-25-2025

Amsterdam
Aug-25-2025

London
Sep-01-2025

Barcelona
Sep-08-2025

Istanbul
Sep-08-2025

Kuala Lumpur
Sep-15-2025

Barcelona
Sep-15-2025

Paris
Sep-22-2025

London
Sep-29-2025

Amsterdam
Sep-29-2025

Barcelona
Oct-06-2025

Barcelona
Oct-13-2025

Istanbul
Oct-13-2025

Kuala Lumpur
Oct-20-2025

Paris
Oct-20-2025

Barcelona
Oct-27-2025

Amsterdam
Oct-27-2025

London
Nov-03-2025

Barcelona
Nov-10-2025

Kuala Lumpur
Nov-10-2025

Istanbul
Nov-17-2025

Barcelona
Nov-17-2025

Paris
Nov-24-2025

Amsterdam
Nov-24-2025

London
Dec-01-2025

Barcelona
Dec-08-2025

Istanbul
Dec-08-2025

Kuala Lumpur
Dec-15-2025

Paris
Dec-15-2025

Barcelona
Dec-22-2025

London
Dec-29-2025

Amsterdam
Dec-29-2025

Barcelona

Course Details

In the oil and gas industry, Production Sharing Contracts (PSCs) represent a widely used contractual model, particularly in resource-rich countries. These agreements define the relationship between the state and private oil companies, ensuring that risks and rewards are shared in the development and production of petroleum resources. PSCs are critical for managing large-scale exploration and production projects, providing legal and operational frameworks that protect both the state's interests and the investment of private contractors. Understanding the intricacies of production-sharing contracts is vital for professionals involved in contract negotiation, project management, and legal advisory within the energy sector.

The Production Sharing Contracts Training Course offers a comprehensive understanding of the legal, financial, and operational dimensions of PSCs. Through this course, participants will explore the structure of PSC agreements, the roles and obligations of involved parties, and the mechanisms of managing and renegotiating contracts. By comparing PSCs to other contractual models, the course provides insight into their unique characteristics and advantages, ensuring participants can effectively navigate and manage PSC agreements in different jurisdictions.

Upon completion of this Production Sharing Contracts training course, participants will be able to:

Gain a deep understanding of the fundamentals of Production Sharing Contracts (PSCs), including their history and role in the oil and gas industry.
Compare PSCs with other contractual models, recognizing their unique characteristics and applications.
Understand the legal framework that governs PSCs, along with the roles and obligations of both the state and contractors.
Analyze the structure of PSC agreements, including key terms, clauses, and provisions.
Develop strategies for effectively managing PSCs, including the relationships with the state and management of commercial discoveries.
Determine when and how to renegotiate PSC terms in response to changing circumstances.
Evaluate various dispute resolution approaches and choose the most suitable one based on the contract and context.

This Production Sharing Contracts Training Course is designed for professionals in the oil and gas industry seeking to enhance their understanding of PSC agreements, including:

Legal and Contract Managers
Oil and Gas Executives
Government Officials and Regulators
Exploration and Production Managers
Financial Analysts and Advisors
Petroleum Engineers
Project Managers
Lawyers and Legal Advisors

Our courses in Dubai are held at the LPC office located at:

ParkLane Tower - Business Bay - Dubai, 7th Floor, Office 718.

Once you register, we will subsequently send you the course details, including the location, trainer, and other logistical information.

Pay Attention, Please! The course location at our offices is subject to availability. Should our office be unavailable, we will secure an alternative nearby venue and promptly inform you of the change. The exact time and location will be confirmed one week prior to the course commencement.

Course Outline

5 days course

Day 1

Day 2

Day 3

Day 4

Day 5

Introduction to Production Sharing Contracts

Definition of production sharing contracts and their importance in the oil and gas industry
Discussing the origin of PSCs contracts and their historical development
Analyzing the legal framework governing PSCs in different jurisdictions
Distinguishing between PSCs and other contractual models
Identifying countries using PSCs and exploring their applications

Characteristics and Structure of Production-Sharing Contracts

Defining the subject and scope of PSCs
Understanding the role of the state as part of a PSC
Identifying investor obligations related to exploration activities, conducted at their own expense and risk
Understanding the ownership of production produced under a PSC and its transition during the contract life cycle
Discussing the procedures and mechanism of product sharing under a PSC

Key Clauses and Provisions in PSCs

Analyzing a sample of PSC that outlines typical content and format
Discussing the impact of the bargaining power of parties in the terms of PSCs
Reviewing key clauses in PSC and their impact on risk, cost, recovery and profitability
Discussing regulatory provisions for conducting petroleum operations under PCSs
Exploring financial and taxation provisions in PSCs
Understanding production disposition and disposal rights

Management of Production and Sharing Contracts

Understanding the organizational and contractual relationship between contractor and state party
Techniques for controlling and managing PSCs for compliance with contractual terms
Understanding the importance of declaring commercial discovery and its steps
Analyzing contractor’s obligations related to providing guarantees
Discussing the acquisition of ownership and produced resources by the state party

Renegotiation and Dispute Resolution

Discussing options for considering the contract’s terms for renegotiation
Recognizing the importance of dispute resolution and its role in preventing costly litigation
Exploring different approaches for dispute resolution:

Litigation
Arbitration
Mediation

Discussing the criteria for selecting the rules of arbitration and mediation
Understanding the importance of incorporating dispute resolution clauses in PSCs

Production and sharing Contracts Training Course

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