Production Sharing Contracts 2014

Key Topics

• Examples PSC Framework and Modeling
  • PSC with Tax (Nigerian)
  • Simple PSC (Egyptian)
  • PSC and Carry arrangements
  • Other
  • PSC and Complex Tax and Sharing Algorithms
• Overview Petroleum Agreements / Fiscal Systems
  • Government objectives and strategies
  • General overview as context for the PSC
  • State participation
• 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)
• 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
• 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
• Government Fiscal Instruments
  • Country drivers for fiscal and PSC
  • General and PSC fiscal instruments
  • Uncertainties and risk distribution
• Team Assignment
• Discounted Cash flow Method
  • Discounting and Value
  • Cash flow properties
  • Taxation/Production Sharing
  • Inflation
  • Familiarisation Economic Spreadsheet Model & Exercises
  • Asset valuation and Performance Indicators

Who should Attend

• Agreement analysts
• New venture managers
• Professional analysts employed with national oil companies and petroleum ministries involved with PSC’s
• Commercial and contracts managers and Analysts
• Analysts with banks or financing business
• Developing economists
• Petroleum business analysts