Regional Masterclass on Production Sharing Contracts


The Regional Masterclass on Production Sharing Contracts covers topics such as:

  • What is meant by the term Contract Area
  • Why a PSC is of central importance to the International OG industry
  • What a relinquishment is and how they operate
  • The time elements of a PSC
  • How the cost recovery process operates
  • The Minimum Exploration Commitment
  • The meaning and operation of contractual novation and assignment
  • An enhanced insight into insurance; liabilities and indemnities
  • The centrally important aspects of international commercial arbitration
  • The concept of Force Majeure and why it is very important to PSCs

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