Implementing Petroleum Service Contracts and Application of Petroleum Economics
June 4 -18, 2018   |  Houston

 

This course is designed to:

 

Who should attend
Lawyers, Marketing managers, commercial and contract managers, Government Advisors, Regulators
Economists, Geoscientists, Geologists and Engineers
Oil & Gas company asset managers

  • To acquaint participants with the changes and trends in global oil industry as it relates to contracts

  • To provide delegates with the knowledge and skill for understanding  PSC and be able to implement it effectively

  • To provide insight on the impact of PSC and fiscal regime in the production of oil and gas and attracting new investors

  • To create effective strategies in managing and leading changes expected to be triggered by the implementation of various petroleum contracts

  • To understand the fundamentals and instruments of fiscal regime

  • Gain understanding of key commercial and legal issues on exploration, development and production activities that impact the success and profitability of petroleum sharing contract

  • Be able to compare and contrast petroleum sharing contract (PSC) model with other terms

  • Understand how best to realize the revenue potential of oil and gas through PSC

  • Understand reserve treatment and issues for PSC

  • Understand issues with PSC and Service Contracts

  • To have good insight into Petroleum Economics and Hydrocarbon Accounting

  • To provide knowledge for the employees to understand economic analysis in fiscal terms

  • Necessary regulatory bodies and global best practices for implementing fiscal regimes.

  • Course Outline

  • Changing trends in oil and gas industry

  • Sovereignty and Petroleum Resources

  •  
  • Introduction to  Fiscal Terms/petroleum contracts and comparative analysis

  • Fundamentals and Instruments of Fiscal Terms

  • Impact of fiscal terms in oil and gas industry investment decision making

  • Review of  any countries PSC with view of understanding the tenets

  • Understanding Key Terms – Bonus, Royalty, Cost Oil, Profit Oil, Tax Oil, Amortization,Ring Fencing

  • Structures of PSC

  • Implementation of PSC

  • The effect of fiscal term on investment reserves

  • The effect of PSC and Service Contracts

  • Impact of a country’s fiscal terms on revenue generation

  • Concepts of Economic Rent & Government Optimization Agenda

  • Managing E & P Licensing agreements: accountability & Control issues

  • Competitive Bidding rounds

  • Fiscal Stability

  • Cost Recovery Mechanism

  • Petroleum Economics and Hydrocarbon Accounting

  • Reservoir Analysis

  • Economic Analysis – Project Cash Flow, Estimation of Profit or Loss, Project Ranking

  • Net Cash Flow forecasts and the effect of fiscal terms

  • Taxation and its effect on investment decisions

  • Financial, Technological, Political & Geological Risks Analysis

  • Application of  Decision Tree, Monte Carlo Analysis

  • Cash Flow, Net Present Value, Present Value, IRR, PVI

  • The effect of fiscal terms on incremental field development

  • Economics of Upstream from Well to Pump

  • Downstream Economics

  • Economics of Oil & Gas Transportation  and Storage

  • Hedging and Oil & Gas Market

  • Comparative Analyses of fiscal terms

  • Strengthening   Fiscal Institutions

  • Ensuring Fiscal Sustainability and Managing Volatility

  • Best Practices for Implementing PSC

  • Legal issues affecting Unconventional oil and gas development

  • Contract Integration

  • Perspective of Operators/ Service Companies

  • Risk Management and Value Creation

  • Corporate Social Responsibility & Local Content

  • Extractive Transparency & Foreign Corrupt Practices Act

  • Case Studies 

 

School of Energy & Corporate Leadership (SECOL) is a global organization  that uses award winning experts in  providing training in the areas of energy, oil, gas, petrochemicals, regulations, law, leadership, organizational development , management, finance and economics. We believe strongly in the philosophy that humans are the greatest assets of any country or organization, and therefore should be nurtured with continuous quality training to enhance productivity, efficiency, effectiveness, reliability and competitiveness. SECOL will continue to create dynamic environment for capacity building, ensuring high performance, strategic agility, and leadership that would help organizations attain their goals and enable nations optimize socio- economic growth.