International Petroleum Contracts

International Petroleum Contracts

WHO SHOULD ATTEND?

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.

COURSE OUTLINE

• 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