Course ID 006B: Petroleum Law/Contract and Fiscal Terms April 29 -30 * Houston
Petroleum Fiscal System denotes contractual arrangement which permits a petroleum production operation between a government/landowner
and the E & P company.
Course Overview
The objective of this course is to equip attendees with knowledge on various contracts used in making exploration deals.
It will present the tax and financial advantages, pitfalls and alternative deals. The training will cover Concession Agreements, Joint Venture Agreements, Production Sharing Agreements, Risk Service Contracts and Buy back Contracts.
This course is interactive, entails case study analysis and role-plays.
Course Outline:
Part A
History of oil and gas
State and future of the oil and gas market
Seeking authorization
Exploration
Production
Decommissioning
Part B
Seeking authorization – (confidentiality agreement, area of mutual interest agreement, bidding agreement)
Authorization – ( license, a concession, a lease, petroleum agreement)
Part C
Classification of petroleum contracts
Concession
Production sharing
Risk services
Non – risk services
Petroleum contracts
Concession
Production sharing contracts
Revenue sharing contracts
Service contracts
Loan agreements
Partnership
Joint ventures agreements - Drilling contracts, Farm-out contracts, Purchase – of interest contracts, Production – decommissioning phase agreements
Contract comparison
Production
Direct income for the state
Reserve estimates
Tax advantages and pit falls
National petroleum laws and production sharing contracts in the context of petroleum fiscal contracts applicable to participants countries
Ranking of regions for their fiscal /contractual conditions
Who Should Attend:
Lawyers, paralegals, personnel in the legal department,¨ Contract managers, commercial managers, business development and New venture managers, project managers,Geologists, geophysicists, engineers, accountants, investors, bankers, managers at all levels, will benefit from this program.
Every personnel that has something to do with understanding the petroleum fiscal contracts. Government officials that deal with petroleum contracts.
Course Duration :2 Days
Course Fee: $1,500
REGISTER BY JANUARY 15, 2014 AND GET 10% DISCOUNT!
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.