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Production Sharing Contracts: Legal & Commercial Essentials

Curriculum

  • 5 Sections
  • 20 Lessons
  • 5 Days
Expand all sectionsCollapse all sections
  • Module 1: Foundations of Production Sharing Contracts
    4
    • 1.1
      Evolution of PSCs and comparison with concession and service contracts
    • 1.2
      Roles of government, NOCs, IOCs, and regulatory authorities
    • 1.3
      Contract lifecycle from licensing to relinquishment
    • 1.4
      PSC governance models in Africa, Asia, Latin America, and the Middle East
  • Module 2: Fiscal Terms, Cost Recovery & Profit Sharing
    4
    • 2.1
      Cost oil vs. profit oil structures and recovery mechanisms
    • 2.2
      R-factors, sliding scales, biddable fiscal terms, and government take
    • 2.3
      Auditing cost recovery and managing fiscal disputes
    • 2.4
      Ensuring transparency and alignment with national resource objectives
  • Module 3: Legal Clauses, Rights & Obligations
    4
    • 3.1
      Work commitments, minimum exploration programmes, and development obligations
    • 3.2
      Stabilisation clauses, local content requirements, and environmental provisions
    • 3.3
      Royalty frameworks, taxation, and investment protections
    • 3.4
      Contract amendments, extensions, and termination rights
  • Module 4: Operational Management & Compliance Oversight
    4
    • 4.1
      Monitoring contractor performance across exploration, appraisal, and development phases
    • 4.2
      Production measurement, reporting, inspection, and regulator–operator coordination
    • 4.3
      Health, safety, and environmental compliance under PSC regimes
    • 4.4
      Managing data rights, technology transfer, and capacity-building obligations
  • Module 5: Negotiation, Dispute Resolution & Future Trends
    4
    • 5.1
      Best practices for negotiating PSCs and aligning stakeholder interests
    • 5.2
      Arbitration, mediation, and dispute-resolution mechanisms for contract conflicts
    • 5.3
      Evolving global trends: energy transition, carbon management, and new fiscal models
    • 5.4
      Strengthening institutional governance to improve contract performance and value capture
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