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

An Intensive 5-Day Online Training Course

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

Working in Partnership, Joint Venture and Production Sharing Contract

Scheduled Dates

16 - 20 Jan 2023 Online $3,950
14 - 18 Aug 2023 Online $3,950
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Why Choose this Training Course?

Why Choose this Online Training Course?

A Production Sharing Contract (PSC) is 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.

During this online training, delegates will acquire a clear understanding of the fundamentals of Production Sharing Contracts (PSCs), along with Joint Operating Agreements (JOAs) negotiation techniques and strategies that work in international and multicultural settings. Delegates will also master how to effectively negotiate in concert with counsel and how to get the terms negotiated incorporated into an enforceable agreement.

The 5 Day PetroKnowledge Working in Partnership Joint Venture and Production Sharing Contract online training course is specifically designed for professionals involved nationally and internationally in the oil and gas industry, it offers a unique opportunity to rapidly increase your understanding of the legal issues involved in Production Sharing Contracts (PSCs) and Joint Operating Agreements (JOAs) to in various international scenarios and to improve your techniques and skills in drafting a variety of related contracts.

This PetroKnowledge online training seminar will highlight:

  • Evolution of the Production Sharing Contracts (PSCs), Service Agreements and concessionary systems
  • Joint Operation Agreements (JOAs)
  • Comparisons of model Production Sharing Contracts (PSCs) in various countries
  • Negotiation techniques and the role of counsel
  • Explanation and analysis of key provisions to make the Production Sharing Contract (PSC) work

What are the Goals?

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 Training Course for?

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 Training Course be Presented?

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.

Organisational Impact

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

Personal Impact

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)

Daily Agenda

Day One: Introduction to Upstream Agreements & Production Sharing Contracts (PSCs) 

  • The Legal Framework and Contract Law II
  • Contract Law II
  • Oil and Gas Contracts Fundamentals and Legal Principles
  • Agreement with Resource Holders
  • An Introduction to Production Sharing Contract (PSCs)

Day Two: Agreements Between Co-Ventures 

  • Agreement with Resource Holders (I)
    • Leases
    • Service Agreements
    • Concessions / Licensing
    • Example from Three International Jurisdictions
  • Agreements between Co-Ventures
    • International model form Confidentiality Agreement (CA)
    • AMI’s and Bidding Agreements
    • Joint Operating Agreements (JOA)
    • Standard Model form International Operating Agreement
    • Drafting Issues
    • Unit Operating Agreement / Unitization: What is it? Why do it?

Day Three: Production Sharing Contract (PSC) Structure 

  • Key Characteristics of Production Sharing Contract (PSC)
  • The Subject of a Production Sharing Contract (PSC)
  • The State as a Party to a Production Sharing Contract (PSC)
  • The Exploration Activity of an Investor is at its Own Expense and Risk
  • Ownership of Production Produced under a PSC and the Contractor Nature of an Investor under a Production Sharing Contract (PSC)
  • The Sharing of Product: Substance and Procedure
  • PSC Sample, Content and Format
  • Drafting Issues & Workshop

Day Four: Minimizing Loss Through Careful Limitation of Liability Clauses 

  • Drafting Enforceable Liquidated Damage Clauses
  • Handling Consequential Damage Waivers
  • Mitigation of Damages Clause
  • Contractual Limitations Periods
  • Transferring Risk by Contractual Indemnity
    • Negligence
    • Strict Liability
    • Pre-Existing Conditions
  • Managing Risk through Adequate Insurance Provisions
    • Insurance Subordination Issues
    • Effective Claims Management

Day Five: Preventing Costly Litigation through Effective Use of Alternative Dispute Resolution Options 

  • Avoiding Common Contract Pitfalls
  • Types of Dispute Resolution Vehicles
  • Assessing Litigation vs. Arbitration Options
  • Mediation Considerations
  • Considerations for Selecting Effective Mediators and Arbitrators
  • Selecting Arbitration and Mediation Rules of Procedure
  • Drafting Effective Dispute Resolution Clause

Certificate

  • On successful completion of this online training course, a PetroKnowledge E-Certificate will be awarded to the delegates

Frequently Asked Questions

How can I register for a training course?

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 56 222 7795 | +971 2 557 7389 or send an email to reg@petroknowledge.com

When and how do I arrange payments?

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

When should I expect to receive confirmation of registration?

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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