The Production Sharing Contracts 2014 is a seminar that covers topics such as:
- Overview Petroleum Agreements / Fiscal Systems
- Government objectives and strategies
- General overview as context for the PSC
- State participation
- Discounted Cash flow Method
- Discounting and Value
- Cash flow properties
- Taxation/Production Sharing
- Inflation
- Familiarisation Economic Spreadsheet Model & Exercises
- Asset valuation and Performance Indicators
- Analysing PSC’s
- PSC contractor and government cash flow
- PSC account structure and production allocation
- Risk analysis
- Cash flow comparison Concession Agreement and PSC
- Natural gas
- Workings of PSCs (parameters)
- Government Fiscal Instruments
- Country drivers for fiscal and PSC
- General and PSC fiscal instruments
- Uncertainties and risk distribution
- Portfolio aspects Partnerships and joint operating agreements (JOA)
- Ring-fenced and PSC consolidated fields and licenses
- PSC and Principles of Unitization
- Portfolio production sharing and taxation issues
- Examples PSC Framework and Modeling
- PSC with Tax (Nigerian)
- Simple PSC (Egyptian)
- PSC and Carry arrangements
- Other
- PSC and Complex Tax and Sharing Algorithms
- Team Assignment
- PSC Agreement Documentation
- Obligations and Risk
- Typical Documentation Content
- Relinquishment, Termination and Contract duration
- Administrative provisions
- Approval cost recovery – data management issues
- Hydrocarbon accounting and allocation
- Decommissioning
The Production Sharing Contracts 2014 is intended for:
- Petroleum business analysts
- Developing economists
- New venture managers
- Commercial and contracts managers and Analysts
- Analysts with banks or financing business
- Agreement analysts
- Professional analysts employed with national oil companies and petroleum ministries involved with PSC’s
