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Petroleum Business
International Petroleum Contracts
Participants explore how international petroleum agreements developed, the thinking behind them and how each type works in practice. Realistic negotiation exercises, supported by an economic model for valuing contract terms, let delegates test strategies in a safe setting. The result is a practical understanding of contract economics and stronger negotiating skills.
- Discipline
- Petroleum Business
- Level
- Intermediate
- Duration
- 5 days
- Formats
- Classroom, In-house
Every course can be delivered in-house and tailored to your organisation.
Who should attend
Exploration and production managers, national oil company staff, government representatives and others who negotiate, administer or review international petroleum agreements.
What participants will be able to do
- Distinguish the main types of petroleum contract
- Interpret the fiscal and economic terms of an agreement
- Value individual contract terms using an economic model
- Plan and conduct contract negotiations
- Assess the outcome of negotiated terms
Topics covered
- Contract types
- Fiscal terms
- Production sharing
- Contract economics
- Negotiation exercises
- Negotiation strategy