Upstream Oil and Gas Contracts

The upstream oil and gas sector operates at the intersection of geology, capital, law, and sovereign interest. Every exploration block, development project, and producing asset is governed by a complex network of contracts that define who owns the resource, who bears the risk, how value is shared, and how disputes are resolved. From the moment a company submits a bid in a licensing round to the final stages of decommissioning and abandonment, contractual frameworks shape commercial outcomes, investment viability, and long-term project success.

This executive programme on Upstream Oil & Gas Contracts by LPC is designed to provide senior professionals with a practical, end-to-end understanding of how upstream agreements are structured, negotiated, and managed across the full lifecycle of an asset. Participants will explore real-world bidding processes, Production Sharing Contracts (PSCs), Joint Operating Agreements (JOAs), farm-in and unitisation structures, operational and service contracts, and production sale and decommissioning agreements. The programme bridges legal form with commercial reality—showing how fiscal terms affect project economics, how risk is allocated between governments and contractors, and how contractual choices influence strategy and value creation.

Through applied examples, market practices, and case-based discussions, the course equips participants to read contracts with commercial insight, engage confidently in negotiations, anticipate risk, and make better strategic decisions in upstream projects.