Production and sharing Contracts Training Course

Course Info

Length: 1 Week

Type: In Classroom

Available Dates

Venue

  • Jan-13-2025

    London

  • Jan-13-2025

    Dubai

  • Mar-17-2025

    Istanbul

  • Mar-17-2025

    Barcelona

  • Mar-17-2025

    Kuala Lumpur

  • Mar-17-2025

    Amsterdam

  • Mar-17-2025

    Singapore

  • Mar-17-2025

    Paris

  • Mar-24-2025

    London

  • Mar-24-2025

    Dubai

  • May-19-2025

    Dubai

  • May-19-2025

    London

  • June-16-2025

    Kuala Lumpur

  • June-16-2025

    Amsterdam

  • June-16-2025

    Paris

  • June-16-2025

    Singapore

  • June-16-2025

    Istanbul

  • June-16-2025

    Barcelona

  • July-14-2025

    London

  • July-14-2025

    Dubai

  • Sep-01-2025

    London

  • Sep-01-2025

    Dubai

  • Sep-15-2025

    Barcelona

  • Sep-15-2025

    Paris

  • Sep-15-2025

    Amsterdam

  • Sep-15-2025

    Istanbul

  • Sep-15-2025

    Singapore

  • Sep-15-2025

    Kuala Lumpur

  • Dec-15-2025

    Istanbul

  • Dec-15-2025

    Barcelona

  • Dec-15-2025

    Singapore

  • Dec-15-2025

    Kuala Lumpur

  • Dec-15-2025

    Paris

  • Dec-15-2025

    Amsterdam

  • Dec-29-2025

    Dubai

  • Dec-29-2025

    London

Course Details

Course Outline

5 days course

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:


  1.   Litigation
  2.   Arbitration
  3.   Mediation


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