Joint Venture and Other Collaboration Agreement for The Oil and Gas Industry
Start Date | End Date | Venue | Fees (US $) | ||
---|---|---|---|---|---|
Joint Venture and Other Collaboration Agreement for The Oil and Gas Industry | 23 Feb 2025 | 27 Feb 2025 | Italy , Milan | $ 4,950 | Register |
Joint Venture and Other Collaboration Agreement for The Oil and Gas Industry | 22 Jun 2025 | 26 Jun 2025 | Istanbul, Turkey | $ 4,500 | Register |
Joint Venture and Other Collaboration Agreement for The Oil and Gas Industry | 21 Dec 2025 | 25 Dec 2025 | Dubai, UAE | $ 3,900 | Register |

Joint Venture and Other Collaboration Agreement for The Oil and Gas Industry
Start Date | End Date | Venue | Fees (US $) | |
---|---|---|---|---|
Joint Venture and Other Collaboration Agreement for The Oil and Gas Industry | 23 Feb 2025 | 27 Feb 2025 | Italy , Milan | $ 4,950 |
Joint Venture and Other Collaboration Agreement for The Oil and Gas Industry | 22 Jun 2025 | 26 Jun 2025 | Istanbul, Turkey | $ 4,500 |
Joint Venture and Other Collaboration Agreement for The Oil and Gas Industry | 21 Dec 2025 | 25 Dec 2025 | Dubai, UAE | $ 3,900 |
Introduction
A Product 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 training, delegates will acquire a clear understanding of the fundamentals of 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 five-day 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 PSCs and JOAs to in various international scenarios and to improve your techniques and skills in drafting a variety of related contracts.
This online training course 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
Objectives
- 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 analyses 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)
By end of this training course, delegates will:
Training Methodology
This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practices. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.
Who Should Attend?
This training course is suitable for a wide range of professionals but will greatly benefit:
- 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 Contracts Law knowledge and how to avoid common contractual pitfalls
- Geologists and engineers who seek a practical understanding of the legal aspect surrounding contracts
- Academics /Students looking for an increase or specialize in the area of Oil and Gas Law
- Insurance and Risk Managers looking to reduce the legal and contract risks for their companies
- Government Departments, Policy Makers, and Regulators
Course Outline
Day 1: Introduction to Upstream Agreements & Production Sharing Contracts (PSCs)
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The Legal Framework and Contract Law II
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Contract Law II
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Oil and Gas Contracts Fundamentals and Legal Principles
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Agreement with Resource Holders
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An Introduction to Production Sharing Contract (PSCs)
Day 2: Agreements between Co-Ventures
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Agreement with Resource Holders (I)
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Leases
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Service Agreements
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Concessions / Licensing
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Example from Three International Jurisdictions
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Agreements between Co-Ventures
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International model form Confidentiality Agreement (CA)
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AMI’s and Bidding Agreements
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Joint Operating Agreements (JOA)
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Standard Model form International Operating Agreement
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Drafting Issues
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Unit Operating Agreement / Unitization: What is it? Why does it?
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Day 3: Production Sharing Contract (PSC) Structure
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Key Characteristics of Production Sharing Contract (PSC)
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The Subject of a Production Sharing Contract (PSC)
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The State as a Party to a Production Sharing Contract (PSC)
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The Exploration Activity of an Investor is at its Own Expense and Risk
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Ownership of Production Produced under a PSC and the Contractor Nature of an Investor under a Production Sharing Contract (PSC)
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The Sharing of Product: Substance and Procedure
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PSC Sample, Content and Format
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Drafting Issues & Workshop
Day 4: Minimizing Loss through Careful Limitation of Liability Clauses
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Drafting Enforceable Liquidated Damage Clauses
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Handling Consequential Damage Waivers
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Mitigation of Damages Clause
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Contractual Limitations Periods
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Transferring Risk by Contractual Indemnity
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Negligence
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Strict Liability
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Pre-Existing Conditions
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Managing Risk through Adequate Insurance Provisions
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Insurance Subordination Issues
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Effective Claims Management
Day 5: Preventing Costly Litigation through Effective Use of Alternative Dispute Resolution Options
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Avoiding Common Contract Pitfalls
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Types of Dispute Resolution Vehicles
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Assessing Litigation vs. Arbitration Options
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Mediation Considerations
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Considerations for Selecting Effective Mediators and Arbitrators
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Selecting Arbitration and Mediation Rules of Procedure
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Drafting Effective Dispute Resolution Clause