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RC NUMBER

1163991

TRAINING COURSE

INTERNATIONAL PETROLUEM CONTRACTS - IPC

INTERNATIONAL PETROLUEM CONTRACTS - IPC





Description

You will learn the philosophy, evolution, and fundamentals of international petroleum contracts and have an opportunity to see how each of these actually works. You will take part in life-like negotiating sessions mastering many negotiating techniques, where a mistake is a learning experience not a disaster. As you prepare for each session, you use a computerized economic model to assess the value of contract terms. This enables improved planning of negotiating strategies to achieve the desired goals by parties on both sides of the negotiating table.

 

Designed For

Exploration and production managers, national oil company managers, government representatives, and others in the oil industry who expect to be involved in negotiating, administering, reviewing, managing, directing, and overseeing international exploration and production contracts between host governments and outside contractors.

 

You will learn

  • Distinguish between different types of contracts
  • Understand the economics terms of an E&P contract
  • Determine the economic value of various contract terms
  • Negotiate and assess the value of contractual terms

 

Course Content

  • Types of international petroleum contracts
  • Important principles and terms in all contracts
  • Host governments and contractors contract objectives
  • Specific features of different types of contracts; dividing the production
  • Outline of a typical contract for E&P
  • Contract operating issues
  • Funding petroleum development programs
  • How the contractor is paid
  • Contractor's risk
  • Contract economics
  • Non-financial issues
  • Analysis of contract provisions
  • Model contract
  • Natural gas production under international contracts
  • Negotiations workshop
  • Ethics in international petroleum operations

 

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