International Oil and Gas Exploitation Contracts

A 5-day short course in a classroom

starts: 07/11 10:30 AM

During this course participants will learn about the pitfalls and challenges faced during the contract negotiations for access to oil and gas resources.

Using petroleum industry case studies and realistic examples participants will receive a broad-based practical introduction to managing oil and gas exploration, as well as development and production contracts. Participants will work individually and in teams to tackle a variety of industry challenges.

Lecture and Discussions Topics:

• What are the international exploitation contracts and how do they work
• Why do we have PSC’s
• Who gets the production
• How are the contracts dealt with in the exploration phase?
• What are the objectives in the development and the production phase?
• Where is the balance risk in the contract provisions?
• How to manage the economics of international contracts?
• Who pays for and carries the risk during development programs?
• Pricing issues
• What are the effects of Unitization and Redetermination?
• In what way are the gas contracts different?
• Future trends