Friday, July 22, 2011

Production Sharing Contracts (PSC) Master Class, Rio de Janeiro, Brazil, September 2011

NEOEDGE is bringing to you another of our premier course “Production Sharing Contracts (PSC) Master Class” to be held in Rio de Janeiro, Brazil from 26 to 29 September 2011.

Effective training in today's fast developing petroleum market is essential if relevant executives in both the public and private sectors are to create and implement the optimum regulatory and commercial environment for revenue and profit maximisation. Nowhere is this more important than in the development and negotiation of Production Sharing Contracts (PSCs), a critical part of global petroleum exploration, production and commercialization.

The purpose of a PSC is to facilitate the finding and commercialisation of deposits of oil and gas. However, production sharing is not the only regime used for that purpose, nor, within a production sharing regime, is the PSC the only instrument used; and, as with all such regimes, production sharing, and each individual PSC, exists within a historical, geopolitical and legal framework, and a global market, that informs its principles and its detailed implementation. It is imperative for relevant executives in both government and private sectors to understand the ever-changing impact of these forces on the PSC, and the PSC's position and role among the many key factors needed for successful oil and gas commercialisation.

About your World-Class Trainer:

David Moroney is a partner in the London office of Fulbright & Jaworski International LLP, one of the world's leading energy law firms. He has over 40 years experience in the structuring, negotiation and documentation of upstream and downstream oil and gas, electricity and mining projects and investments, and related acquisitions, disposals, financings, sales and other transactions, and of the legislative, regulatory and investment regimes and structures required for them, acting for both governments and investors.

This interactive workshop will examine:
-          PSCs in a global context
-          The impact on the PSC of the physical, financial and political basics of the oil and gas industry
o        The chemistry and geology involved in the formation, migration and trapping of oil and gas
o    The politics, science and operations involved in the finding, recovering, transporting and commercialization
o        The political, legal and commercial mechanisms used to facilitate commercialisation
o        Law and regulation
o        Industry joint venture, operating, field work, transportation and sales arrangements
o        Project structuring and financing

-       The role of production sharing in the right to explore and produce, its advantages and disadvantages
-   A comparison of PSC with other upstream titles, including licences and risk service (in Iraq and elsewhere)
-  Unitisation and its alternatives, and the peculiar problems of different fiscal, regulatory and administrative regimes
-    The relationship of the PSC to industry exploration, development, production, transportation and sales arrangements, and downstream investments
-       Construction and field service contracts – who really bears the risk of a wild well?
-    Crude oil and natural gas sales and transportation agreements (LNG and pipelines, domestic and cross border)
-          The ever-widening reach of anti-corruption law
-          The financing of commercialization
-          Resource rent and petroleum economics
-          The PSC as an administrative tool and an investment agreement
-          Stability, nationalization and dispute resolution

Click here for online registration.

Click here for a quick view of the programme.

Seats are limited! To secure your seats or for more information, call us today at +65 6557 9183 or email us at