8–11 July 2008, London, UK
The terms and structures of upstream licence agreements between companies and governments determine whether a specific oil and gas field can be developed on a commercial basis and how costs and profits will be divided over the field’s life cycle. Global comparisons of the economic performance of production sharing contracts (PSCs), tax and royalty, service, risk and joint venture contracts identify strengths, weaknesses, risks and opportunities associated with specific contracts.
There are many issues, going beyond just the fiscal terms, that must be considered when negotiating licence agreements and these are identified during the course and reinforced through the use of examples and exercises.
The 4-day course will also focus on the fiscal, economic, negotiation and operational issues associated with a comprehensive range of the licence agreements encountered in the upstream oil and gas industry. Detailed explanations are provided of the key components (i.e. bonuses, royalty, cost oil, profit oil and various elements of taxation) of structurally different types of licence agreements and their implications for petroleum companies and governments.
Start Date Tuesday, July 08, 2008
End Date Friday, July 11, 2008
Posted by Online Data on Monday, June 02, 2008 11:48
Location London, UK
Category Training Courses
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