Production and sharing Contracts Training Course

The upstream oil and gas industry operates at the intersection of geology, capital, risk, and national interest. Exploration and production projects require major upfront investment, long development timelines, and acceptance of significant technical and commercial uncertainty. For many resource-holding nations, these realities make it difficult to finance and manage petroleum development alone. As a result, Production Sharing Contracts (PSCs) have become a leading framework for attracting international capital, technology, and expertise while preserving state sovereignty over natural resources.

A PSC is more than a legal document—it is the economic engine that converts barrels into value for both the state and the investor. Through mechanisms such as cost recovery, profit oil splits, royalties, and state participation, PSCs determine how risks are shared, revenues allocated, and national development objectives pursued. PSC structure directly affects project viability, government take, investor behaviour, and ultimately the pace and success of petroleum development.

This executive program provides senior professionals with a comprehensive, practical understanding of PSCs from commercial, legal, fiscal, and financial perspectives. It connects policy intent with economic reality, showing how contractual clauses translate into cash flows, incentives, and strategic outcomes. Using real-world case studies, fiscal logic, and hands-on economic interpretation, the program equips leaders to evaluate, design, negotiate, and govern PSC frameworks with confidence.