International Petroleum Contracts - IPC - In House Training
Course
In San Francisco (USA)
Description
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Type
Course
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Location
San francisco (USA)
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Start date
Different dates available
International Petroleum Contracts - In-house training by PetroSkillsThis course can be conducted on site at your location exclusively for your staff. 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 at both sides of the negotiating table. The classes include participants from both national oil companies and foreign contractors, which adds further realism to the exercises. Host governments and outside contractors are on opposite sides of the negotiating table, but they are not adversaries. A win-win business arrangement should be the objective of both parties, as a signed contract makes them partners. A viable contract cannot be negotiated without an effective understanding of the underlying economics. Negotiating strategies will determine contractual terms ultimately defining the economic benefits to be realized. Concessions and production sharing agreements are two of the contract types to be evaluated. Each participant receives a disk copy of the spreadsheets used in the negotiation workshop and a manual, which explains the fundamental principles of E&P contracts, presents examples of economic analysis, and includes a model contract. Find out more
Facilities
Location
Start date
Start date
Reviews
Subjects
- Contracts
- International
- Petroleum
- Production
- Economics
Course programme
This in-house training programme can be customised to meet your specific requirements. It typically covers:
- 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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Additional information
Expenses
PetroSkills can bring the course to your site or to any convenient location you choose, helping you save time and reduce costs.
International Petroleum Contracts - IPC - In House Training
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