International Oil and Gas Exploitation Contracts

This course is aimed at professional oil and gas company personnel at all levels and in all disciplines, including business development; contract negotiations; business analysis; strategic planning; joint-venture representation; and investment in petroleum projects. It also offers an in-depth general understanding of international oil and gas exploitation contracts.

• What are "international exploitation contracts" and how do they work?
• Why do we have PSCs?
• Who gets the production?
• How are the contracts dealt with in the exploration phase?
• What are the objectives in the development and production phase?
• Where is the balance of risk in the contract provisions?
• How to manage the economics of international contracts
• Who pays for and carries the risk during development programmes?
• How is cost recovery set up and managed?
• What are the effects of unitisation and redetermination?
• In what ways are gas contracts different?
• Future trends