Joint Venture and Other Collaboration Agreement
for the Oil & Gas Industry

What are the Goals? 

By end of this PetroKnowledge online training seminar, delegates will:

• Understand the evolution of the Production Sharing Contracts (PSCs), Joint Operation Agreements (JOAs), and Service Agreements
• Learn the negotiation techniques and the role of counsel
• Differentiate the comparisons of model Production Sharing Contracts (PSCs), in various countries
• Identify and analyse the key provisions to make the Production Sharing Contract (PSC), work
• Know the Production Sharing Contracts (PSCs), arrangements within the host government contracts’ framework
• Avoid commonly occurring causes of disputes and to gain knowledge on International Dispute Resolution Framework and Institutions: how to negotiate arbitration clauses
• Understand the common problems and pitfalls in negotiating Production Sharing Contracts (PSCs)

Who is this Online training course for?  

This PetroKnowledge online training course is beneficial for operator and contractor professionals involved in Production Sharing Contract (PSC) and Joint Operation Agreement (JOA) negotiation and administration, including:

• Contracts Managers and Administrators in the Oil and Gas sector looking to improve their drafting and negotiation skills with particular emphasis on the risk assessment clauses
• Legal Practitioners looking to increase their Oil and Gas Contacts Law knowledge and how to avoid common contractual pitfalls
• Geologists and Engineers who seek practical understanding of the legal aspect surrounding contracts
• Academics / Students looking to increase or specialise in the area of Oil and Gas Law
• Insurance and Risk Managers looking to reduce the legal and contracts risks for their companies
• Government Departments, Policy Makers and Regulators

How will this Online Training Course be Presented?

This PetroKnowledge online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted online via an Advanced Virtual Learning Platform in the comfort of your choice location.

Production Sharing Contracts (PSCs) are used in key oil and gas producing countries, each of these have different approaches and levels of complexity. These complex agreements include a number of clauses that have particular legal interpretation and accompanying fiscal formulas. Therefore, it is crucial to have the correct understanding of the terms in order to calculate the formulas correctly and ensure a smooth agreement implementation.

Your organisation will benefit from this PetroKnowledge online training course by:

• Gaining expertise and improving knowledge and skill sets of personnel dealing with Production Sharing Contracts (PSCs) on its essential clauses
• Compare the existing Production Sharing Contracts (PSCs) arrangements from other key oil producing countries and how it compares with your own practice to work out best contract strategies
• Understand the risk factors in Production Sharing Contracts (PSCs) and how to mitigate them before they affect profits and bottom lines
• Enhancing ability to managing claims and disputes and avoiding adversarial approaches

Attendees will gain by participation in this PetroKnowledge online training seminar as a result of:

• A unique opportunity to rapidly increase your understanding of the legal issues involved in production sharing contracts and joint operating agreements
• Understanding the key players in the International Oil and Gas Industry
• Analysis of the negotiation techniques and the role of counsel
• Explanation & Analysis of Key Provisions in International Oil & Gas Contracts, including:

• • Operating / Joint Venture
  • Concession / Royalty
  • Study and Bid Group
  • Hydrocarbon Sales
  • Insurance & Service Company Agreements

• Principal Standard Form Contracts Used in the Industry including the North Sea LOGIC / CRINE and the International Petroleum Negotiators (AIPN) standard form contracts
• International Dispute Resolution Framework and Institutions: challenges unique to the oil and gas industry
• Key Legal Contractual Risk Management Issues
• Introduction to key English Contract Law Principles
• Managing and mitigating risks associated with Production Sharing Contracts (PSCs) and Joint Operation Agreements (JOAs)