The Production and Sharing Contracts Training Course offered by the Imperial Corporate Training Institute is structured for experts working in the oil and gas value chain involved with agreements, negotiations, and financial frameworks surrounding hydrocarbon assets. In an increasingly competitive upstream world, businesses will face the complexity of navigating contractual frameworks that define cost recovery, profit sharing, rights to operate, and financial exposure. This course enables a corporate perspective on how Production Sharing Contracts (PSCs) drive the business, funnel investors and shape relationships with stakeholders over the longer term.
Delegates learn practical lessons drawn from real contract examples, indirect fiscal identity design, negotiation structures, investors’ obligations, risk allocation and commercial workflows. The training focuses on how companies protect their own interests, gain workplace advantages, and optimize value while confining themselves to regulations. By the completion of the programme, delegates will understand the commercial mechanics within the performance of a PSC and how executives review contracts that determine upstream returns.
Objectives
The primary objectives of this training course are:
- Gain an understanding of the operational and commercial aspects of Production Sharing Contracts (PSCs) in the oil and gas industry.
- Evaluate the rules around cost recovery, fiscal terms, profit-oil sharing and the commercial impacts on the decision-making of an operator.
- Investigate the negotiation process and strategies companies use to establish competitive and compliant PSC arrangements.
- Assess the legal, financial and operational risks that are implicit in a PSC structure.
- Understand the implications for investment models, contractor obligations, and revenue expectations from the PSC terms.
- Enhance the organisation’s capability in managing government relations and joint venture relationships under PSC environments.
- Examine PSC case studies to provide practical examples of how companies create value, reduce risk of disputes and maximise returns.
Target Audience
This course is ideal for:
- Oil and gas executives involved with the strategic planning, contract-focused management and commercial operations.
- Legal and commercial professionals involved upstream agreements.
- Corporate negotiators managing government relations, joint venture arrangements, or fiscal negotiations.
- Advisors, analysts or consultants in the energy sector who work on the evaluation of PSCs.
- Senior managers involved in exploration, production, or supply chain management who want to have a commercial orientation on contracts.