Production Sharing Contracts

Production Sharing Contracts

A three-day interactive programme for oil and gas professionals, Get to grips with the upstream economics and commercial aspects present in Production Sharing Contracts.

Objective

Since the first production sharing contracts (PSC) in Indonesia (1960s) and Nigeria (1980s), the number of countries which have adopted PSC has grown significantly. Nowadays there is a variety of PSC forms in existence, including hybrid forms with concession and corporate tax systems. Although they generally follow the base principles, it is essential to understand and analyse the level of the risk being shared, where the responsibility starts and ends as well as the impact of different fiscal systems.

This highly-focused programme offers delegates an in depth into the workings and analysis of a variety of PSC forms and includes real life examples, exercises and spreadsheet modeling aspects. As a result, delegates will be enabled to successfully

This highly practical and interactive programme will help you to learn how:

  • Identify strategic, political, legal and contractual issues of existing PSC
  • Prepare PSC contract negotiations for upcoming bidding rounds
  • Understand key risks associated with PSC in comparison to other fiscal systems
  • Review the performance of discounted cash flow analysis
  • Conduct commercial, competition and risk assessments

Who will benefit:

  • Strategy and Business Development Managers
  • Legal Advisors and Legal Consultants
  • Negotiations and Contracts Managers
  • Commercial Managers
  • Financial Managers
  • Financial Accountants
  • Petroleum Economists
  • Cost Analysts
  • Senior Portfolio and Planning Advisors
  • Legal Advisors and Legal Consultants
  • Negotiations and Contracts Managers
  • Policy Analysts
  • New Venture Managers
  • Market Analysts

Module 1: Discounted Cash Flow Method

  • Cash flow properties
  • Discounting and Value
  • Inflation
  • Taxation/Production Sharing
  • Asset valuation and Performance Indicators
  • Familiarisation Economic Spreadsheet Model & Exercises

Module 2: Production Sharing Contracts

Overview Petroleum Agreements / Fiscal Systems

  • General overview as context for the PSC
  • Government objectives and strategies
  • State participation

Government Fiscal Instruments

  • General and PSC fiscal instruments
  • Country drivers for fiscal and PSC
  • Uncertainties and risk distribution

Analysing PSC

  • PSC account structure and production allocation
  • PSC contractor and government cash flow
  • Cash flow comparison Concession Agreement and PSC
  • Risk analysis
  • Workings of PSC (parameters)
  • Natural gas

Examples PSC Framework and Modeling

  • Simple PSC (Indoneaia)
  • PSC with Tax (Indoneaia)
  • Other
  • PSC and Carry arrangements
  • PSC and Complex Tax and Sharing Algorithms

Portfolio aspects Partnerships and joint operating agreements (JOA)

  • PSC and Principles of Unitization
  • Ring-fenced and PSC consolidated fields and licenses
  • Portfolio production sharing and taxation issues

PSC Agreement Documentation

  • Typical Documentation Content
  • Obligations and Risk
  • Administrative provisions
  • Relinquishment, Termination and Contract duration
  • Hydrocarbon accounting and allocation
  • Approval cost recovery – data management issues
  • Decommissioning

Module 3: Team Assignment

Management Proposal and Presentation
This will include:

  • Bidding on a Production Sharing Agreement
  • Compiling the Management proposal from
  • Proposition
  • Funding required
  • PSC description
  • Commercial and Competition through to risk assessment

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Investasi dan Fasilitas Training

  • Harga : (dilampirkan dalam Brosur penawaran)
  • Fasilitas : Certificate, Training kits, USB 8 GB, Lunch, Coffe Break, Souvenir, City Tour
  • Untuk peserta luar kota disediakan transportasi antar-jemput dari Bandara/Stasiun ke Hotel (berlaku bagi perusahaan yang mengirimkan minimal 2 peserta)
  • Quota minimum Running 2 peserta (jogja, Solo, Semarang) Quota minimum Running 3 peserta ( Jakarta & Bandung) –  ( Untuk Manado, Bali , Balikpapan dan Lombok Quota minimal 4 peserta)

Lokasi Training (Tentative):

  • Hotel Santika Kuta, Bali
  • Hotel Nagoya Plaza, Batam
  • Hotel Fave, Balikpapan
  • Hotel Aston, Manado
  • The Santosa Villas and Resort, Lombok
  • Hotel Gino Ferucci, Bandung
  • Hotel Santika Pandegiling, Surabaya
  • Hotel Fave Pasar baru Jakarta, Jakarta
  • Hotel Ibis Solo
  • Hotel Ibis Simpang Lima, Semarang
  • Hotel Ibis Malioboro, Yogyakarta

 

Permintaan Brosur penawaran Training silahkan Menghubungi kami via :

Mobile : 0823 2326 5005 – 0857 2459 5005

Email : trainingcenterindo@gmail.com / info@jadwaltraining.co.id

Blog : https://informasitrainingdanseminar.wordpress.com

Web: www.informasitraining-indonesia.com

Web www.jadwaltraining.co.id