About this course
In this course participants will learn about the petroleum upstream fiscal systems and the contractual instruments governments use to grant oil companies the right to explore, develop and exploit hydrocarbon fields. This course draws widely on industry case studies and realistic examples to deliver a broad-based, practical introduction to managing oil and gas exploration, development and production contracts.
What you will learn:
- the structure and benefits of different types of international contracts for petroleum exploration, development and production
- the key elements of oil and gas exploitation contracts
- how to structure the agreement(s) to meet your company's needs
- the different needs and expectations of national and international oil and gas companies
- an understanding of non-financial elements and their impact on economics and profitability
- how to identify and manage appropriately the risks and opportunities in the contract terms
- how to differentiate between oil and gas exploitation and marketing issues involved in gas contracts
- how to model the changing parameters in a typical PSC
This course makes extensive use of petroleum industry case studies, examples and exercises, with delegates working individually and in teams when tackling a variety of industry-specific challenges.
35 hours CPD
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