Why Choose this Training Course

Production Sharing Contracts are central to the allocation of petroleum rights, government revenue and contractor risk in upstream oil and gas projects. Their effectiveness depends not only on contractual drafting, but also on commercially viable fiscal terms, disciplined governance and alignment between the state and investors throughout the asset lifecycle.

This executive masterclass examines PSCs from both the government/regulator and operator perspectives. Participants will explore how exploration and production rights are granted, how petroleum value is shared, how costs are recovered, and how contractor obligations are monitored and enforced.

Through practical exercises, fiscal illustrations and regional case studies, the programme will equip participants to evaluate PSC structures, identify commercial and contractual risks, negotiate more balanced provisions, and strengthen governance from exploration through development, production, decommissioning and relinquishment.

We are also a proud member of the Energy Institute of UK.

Who Should Attend

• Petroleum authority and government officials
• Ministry and energy-policy personnel
• National oil company executives
• Exploration and business-development leaders
• Commercial and economics professionals
• PSC and joint-venture managers
• Legal counsel and contracts professionals
• Finance, tax and petroleum-accounting teams
• Audit, compliance and governance personnel
• Asset, development and project managers
• New-ventures and licensing professionals
• Upstream investors and advisers

Key Learning Objectives

• Understand the legal, commercial and economic architecture of a PSC.
• Distinguish PSCs from concessions, licences, service contracts and joint ventures.
• Evaluate exploration, appraisal, development and production obligations.
• Interpret cost-recovery, production-sharing and fiscal mechanisms.
• Assess the economic effect of different PSC terms on government and contractor value.
• Identify cost-recovery risks, audit issues and common areas of disagreement.
• Negotiate work commitments, fiscal terms and stabilisation provisions.
• Strengthen regulatory oversight and contractor performance management.
• Manage changes arising from discoveries, price volatility and project delays.
• Address assignment, default, termination, decommissioning and relinquishment.
• Develop PSC provisions that balance national interests with investment attractiveness.

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