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Jakarta

Commercial Contracts in Oil and Gas and Negotiation Skills

ID  714

Contracts Management and Law Training Courses

Commercial Contracts in Oil and Gas and Negotiation Skills

Jakarta

Hotel Name
Hotel Meeting Room

03 Feb 2025 : 07 Feb  2025

25 Hours

3450 USD

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Training Details

Introduction

Business of oil & gas is contractually and technically complex, involving enormous capital along with some risks and uncertainties. It is often significantly influenced by geopolitical events.

In this training course you will study:

  • The basics of oil & gas exploration, production, and the oil and gas recovery economics to fully understand the business and the essential contracting terms
  • The various types of petroleum contracts and their key attributes, along with the contracting parties’ roles and responsibilities
  • The rights and obligations of all parties concerned such as national oil companies, international oil companies and the host government
  • The wide-ranging financial tools used in the oil and gas industry contracts are evaluated along with the fiscal strategies that impact each party’s profitability
  • How these profitability considerations provide incentives for investment and re-investment throughout various stages of oil & gas exploration and production
  • How the understanding of negotiations skills, avoiding conflicts, and effectively preparing for negotiations, helps in concluding successful agreements

Objectives

  • Gain broad perspective of what are the essential factors in oil and gas business
  • Enhance your understanding of the fundamentals of oil & gas law, and the commercial contracts
  • Evaluate the technical, commercial, and financial aspects of oil & gas contracts and their impact on the profitability
  • Confidently discuss the technical terms, concepts and buzzwords with your peers and clients
  • Master the negotiations skills, lead and influence business agreements towards successful contracts

Course Outlines

  • Day 1 : Introduction to Legal, Fiscal and Contractual Basics
  • Crude Oil & Gas
    • The Oil Industry Streams
    • Demand Drivers for Crude Oil
    • Drilling Contracts – Contract Alternatives
  • Legal Fiscal and Contractual Framework Ownership
    • Oil and Gas Rights and Ownership – The Ad Coelom Doctrine
    • The Rule of Capture
    • A rule of “No liability”
    • Limitations to Rule of Capture
    • Theories of Ownership – Escaped Hydrocarbons
    • Drainage by Enhanced-recovery Operations
    • Doctrine of Correlative Rights
    • Conservation Laws – Drilling Wells
    • Conservation Laws – Fair Share Doctrine
    • Function of Oil and Gas Conservation Laws
    • Well-Spacing Rules
  • Day 2 : Introduction to Contracts
  • Kinds of Oil and Gas Interests
    • Fee Interest
    • Mineral Interest
    • Leasehold Interest
    • Surface Interest
    • Royalty Interest
    • Production Payment
    • Carried Interest
    • Other Interests
  • Key Stages of Petroleum Projects in View of Contracts
    • Explore to find it in the first place;
    • Develop the infrastructure to remove oil & gas from ground;
    • Produce (and sell) the oil & gas you have found;
    • Abandon the wells and protect the environment when it runs out and clean up (“decommission”)
  • What is a Petroleum Contract
    • Need for Collaboration between parties
    • What is a Petroleum Contract?
    • Host Government Contract
    • Petroleum Fiscal Regime defined
    • Petroleum contracts under different regimes
    • Awarding or winning contracts
    • Types of Petroleum Contracts and their Key Attributes
    • Upstream Project Agreement
    • Host Government Take
    • An example of Concessionary System’s Cash Flow
    • Optimal Government Take
    • PSC – Cash Flow Distribution
    • PSC – CF Distribution Example – Year N+1
    • Comparison of Fiscal Systems
    • Flexible Fiscal Regimes
    • Why Dynamic Terms are used in Contracts
    • Joint Ventures and Other Combinations
  • Day 3 : Roles, Responsibilities and Fiscal Tools
  • Dissection of Petroleum Contracts
    • The document follows the events of project
    • Order and Disorder in the Clauses
  • Parties Roles and Responsibilities in Petroleum Contracts
    • The General Framework of parties involved
    • National Oil Company Multiple roles
    • International Oil Company Role
    • Grants of Rights to a party – Contractor and Host Government
    • Rights and Obligations of Host Government
    • Addressing important operational issues in the contract
    • Contract Area or Block
    • Time periods in contracts
    • Minimum Work Obligations in Exploration Phase
    • Relinquishment of Unused Area to Government
    • Discovery, Appraisal, Declaration of Commerciality and Development
    • Post Commercial Discovery –  A Field development Plan
    • Annual Work Programs & Budgets – Petroleum Contracts
    • Joint Management – Petroleum Contracts
    • Deadlock – Petroleum Contracts
  • The Financial Considerations in Petroleum Contracts – Fiscal Tools
    • Tools for Concessions, Production Sharing Contract and Participating Agreements
    • Signature Bonus
    • Production Bonus
    • Rental
    • Royalty – Fixed Royalty, Sliding Royalty, &  Royalty Determination Point
    • Payment in Cash or In Kind
    • Corporate Income Tax and Ring Fencing
    • Profit Sharing
    • Production Sharing – Contract’s  & Government share
    • Fixed Profit Oil Shares
    • Sliding Scale Profit Sharing
    • Cost Oil
  • State Participation  – A Fiscal Tool in PSC
  • Day 4 : Strategies and Solutions
  • Fiscal Strategies and Solutions
    • Intro to Fiscal Strategies and Solutions in PSC
    • Strategies for State to meet their Profitability
    • The 4 Key Questions that Defines the Strategy
    • The Changing Profitability –  Due to Prices, Costs, Production Rates
    • Understanding the Regressive, Neutral & Progressive Fiscal Tools
    • Approaches to Profitability
    • Profitability And The Fiscal Tools
    • Timing of Petroleum Revenues – Fiscal Tools
    • Risk for The State – Fiscal Tools
    • State Participation as a Co-Investor
    • Encouraging Investment and Re-Investment
    • The Shift to Unconventional Oil & Gas
  • Gas and LNG Contracts
    • The Distinct Characteristics
    • Liquefied Natural Gas Business
    • Liquefied Natural Gas – Contracts
    • Gas Sales and Transportation Contracts
    • Gas Transportation Tariffs
    • Gas Sales Agreements – Terms & Quantity
    • LNG Sales And Purchase Agreements
    • General Economics for Gas Exploration & Development
  • Day 5 : Negotiations Skills
  • Art and Science of Negotiations Skills
    • What is negotiation?
    • Understanding relations between conflicts and negotiations
    • Identify key roles and responsibilities of negotiating team
    • Preparing for negotiations
    • Implement an effective negotiations process
    • Understanding key success bargaining factors
    • Concluding the negotiations

Day 1 - Asset Cost Management Introduction

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 2 - Laying the Groundwork

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 3 - Applying the Value based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 4 - Ensuring the Continuity of the Value-based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

The European Quality of Training and Management Consulting relies on advanced methodology in developing skills and enhancing the effectiveness of human resources. The company adopts modern methods to achieve these goals. In order to achieve its objectives, European Quality follows the following steps in a precise and professional manner:

  • Lectures and Visual Presentations:

    • Theoretical lectures are presented through PowerPoint presentations, videos, and short films, providing a comprehensive and enjoyable learning experience.

  • Scientific Assessment:

    • Trainees are thoroughly assessed before and after the training program to ensure the desired objectives are achieved and to provide necessary guidance.

  • Brainstorming and Role-playing:

    • Innovation and problem-solving are encouraged through brainstorming sessions and role playing experiences.

  • Practical Cases:

    • Practical learning is emphasized through cases relevant to the subject matter and the nature of work for the trainees, contributing to the development of practical skills.

  • Final Evaluation and Certificates:

    • A comprehensive assessment is conducted at the end of the program. Trainees are awarded attendance and participation certificates recognized by the European Quality for Training and Administrative Consultations, provided they have completed at least 80% of the program days.

  • Training Materials:

    • Professional trainers and experts in various fields create scientific and practical training materials, which are printed and retained, and distributed on CD or flash drives to ensure easy access to the content.

  • Post-Training Follow-up:

    • European Quality for Training and Administrative Consultations provides continuous support after the training program. This support includes additional consultancy sessions or workshops to ensure the continuity of learning and the application of acquired skills in the working environment.

  • Customized Training Programs:

    • Training programs are designed to meet the needs of individual companies and institutions. Client needs are carefully analyzed to ensure that the training content aligns with their specific objectives and achieves the desired impact.

  • Utilizing Technology:

    • Training incorporates modern techniques such as online platforms and distance learning to provide flexible and effective learning experiences. Participants can access educational resources online and engage in discussions and online workshops.

  • Specialized Trainers:

    • Trainers and lecturers are carefully selected to ensure they have high expertise in their fields. Experience and professionalism are added to the training to ensure the delivery of high-quality content and effective learning experiences.

  • Encouraging Participation:

    • European Quality encourages active participation and interaction during training sessions. Interactive activities such as group discussions and collective exercises are organized to stimulate effective participation in the learning process.

  • Focus on Personal Transformation:

    • Participants are encouraged to think critically and develop problem-solving skills and decision making abilities. They are guided towards achieving personal and professional transformation, leading to improved performance in their work areas.

  • Continuous Assessment:

    • Continuous assessments are provided to evaluate participants performance and their understanding of the training materials. This assessment is used to modify the training program if necessary and ensure the desired results are achieved.

  • Terms and Conditions:

    • Terms and conditions apply to all training programs. It is assumed that registering for any training program implies the participants agreement to these terms, including registration, payment, and cancellation policies.

  • Prices and Discounts:

    • It is noted that the prices displayed on the website do not include a 5% value added tax. All prices are subject to discounts according to the companys policies.

European Quality of Training and Management Consulting reserves the right to change the location of the training program, change the accredited lecturers for program delivery, hold, or cancel the program in line with the companys vision and program conditions and our quality policy.

European Quality for Training and Consultancy is certified

ISO 9001-2015

All rights reserved

Course Options

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Training other dates & Locations
47
03 Feb 2025   :  07 Feb 2025
Jakarta
3450$
09 Feb 2025   :  13 Feb 2025
Salalah
3450$
17 Feb 2025   :  21 Feb 2025
Stockholm
4950$
23 Feb 2025   :  27 Feb 2025
Cairo
2750$
07 Apr 2025   :  11 Apr 2025
Toronto
5950$
14 Apr 2025   :  18 Apr 2025
Roma
4950$
14 Apr 2025   :  18 Apr 2025
Prague
4950$
20 Apr 2025   :  24 Apr 2025
Beirut
2950$
21 Apr 2025   :  25 Apr 2025
Boston
6950$
28 Apr 2025   :  02 May 2025
Kuala Lumpur
3950$
05 May 2025   :  09 May 2025
Florida
6950$
11 May 2025   :  15 May 2025
Sharm El Sheikh
2950$
18 May 2025   :  22 May 2025
Doha
3650$
25 May 2025   :  29 May 2025
Marrakech
3950$
02 Jun 2025   :  06 Jun 2025
Beijing
4950$
09 Jun 2025   :  13 Jun 2025
Barcelona
4950$
09 Jun 2025   :  13 Jun 2025
Lisbon
4950$
09 Jun 2025   :  13 Jun 2025
Cape Town
5450$
15 Jun 2025   :  19 Jun 2025
Manama
3250$
22 Jun 2025   :  26 Jun 2025
Jeddah
2950$
29 Jun 2025   :  03 Jul 2025
Casablanca
3950$
06 Jul 2025   :  10 Jul 2025
ON LINE
1750$
06 Jul 2025   :  10 Jul 2025
Amman
2950$
14 Jul 2025   :  18 Jul 2025
Singapore
5950$
21 Jul 2025   :  25 Jul 2025
Tbilisi
4950$
04 Aug 2025   :  08 Aug 2025
Berlin
4950$
11 Aug 2025   :  15 Aug 2025
Hong Kong
5950$
17 Aug 2025   :  21 Aug 2025
Kuwait
3250$
18 Aug 2025   :  22 Aug 2025
Zurich
5450$
25 Aug 2025   :  29 Aug 2025
California
6950$
01 Sep 2025   :  05 Sep 2025
Vienna
4950$
08 Sep 2025   :  12 Sep 2025
Toronto
5950$
15 Sep 2025   :  19 Sep 2025
Paris
4950$
22 Sep 2025   :  26 Sep 2025
Milan
4950$
29 Sep 2025   :  03 Oct 2025
Athens
4950$
05 Oct 2025   :  09 Oct 2025
Alkhobar
2950$
06 Oct 2025   :  10 Oct 2025
San Francisco
6950$
13 Oct 2025   :  17 Oct 2025
London
4950$
20 Oct 2025   :  24 Oct 2025
Madrid
4950$
26 Oct 2025   :  30 Oct 2025
Dubai
3250$
27 Oct 2025   :  31 Oct 2025
Istanbul
2950$
02 Nov 2025   :  06 Nov 2025
Riyadh
2950$
10 Nov 2025   :  14 Nov 2025
Los Angeles
6950$
17 Nov 2025   :  21 Nov 2025
Copenhagen
4950$
24 Nov 2025   :  28 Nov 2025
Geneva
4950$
01 Dec 2025   :  05 Dec 2025
Cyprus (Larnaka)
4950$
29 Dec 2025   :  02 Jan 2026
Amsterdam
4950$

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12 Courses

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