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Each program participant will get 1 year free individual license access to a Program Domain Specific Ai System to Answer his job related queries.
PSA575-1D
1 Week Leveraging Artificial Intelligence for Work Training
Contract Administration & Management of Oil & Gas Production Sharing Agreements Leveraging Ai (PSAs)
Building Skills in
Contractual Risks & Arrangements on PSAs
Contract Administration Responsibilities on PSAs
Gaining Correct Understanding of the Contract Provisions
Correct way to Analyze & Calculate Party Obligations
Effective Documenting and Record Keeping of Contract Events
Considered & Informed Management Decisions to Exercise Contract Options
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1 Week Training Programs
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What is Covered in this Program?
This Production Sharing Agreement (PSA) Contract Training Workshop Builds Professionals who will have the Understanding, Process Knowledge,, Competencies, Management Insights, including Leadership, they will need to become True Expert Professionals in this area.
The objective of this program is to create PSA Professionals with competency to Administer these Contracts such as to Protect the Petroleum Production Project and their employer. For this purpose this program provides the PSA Contract Professional participant the essential PSA Contract Understanding, Competencies,, Process Knowledge and Management Guidance to perform his Professional Assignment in an effective, efficient, customer focused manner, always targeting towards Meeting the Unit and Organization Operational & Strategic Objectives. This is a comprehensive training program.
Program Topics mentioned below will be discussed in great detail to ensure the participants gains a full Multi-Discipline Multi-Stakeholder Latest-Technology Equipped Understanding of the he will be required to Understand, Plan, Execute, Supervise or Improve.
Exploring Petroleum for Production is Expensive, Needs Specialized and Expertise, and the Risk of Not Finding Commercially Exploitable Reserves is Very High. Generally, Government organizations are not tuned to perform effectively on such business ventures and resources may also be limited. So the Government (acting under its National Oil Company NOCs) as the owner of the Underground Petroleum Resources hires an Exploration & Production (E&P) Contractor to Invest his own money, to do such exploration, bear all the risks, pay some fees for this right and data provided, and if commercially viable petroleum is found within a certain period, and extracted within another mentioned period, part Produced Oil will go to reimburse the Contractor for his Allowable Costs (Cost Oil) and from the remaining oil (Profit Oil) the government will take a percentage share of the petroleum (in place of royalties and taxes). Cost recovery is usually 50%+ of the production.
Many complexities are included in these arrangements and calculations. PSAs may have provisions to convert themselves to Risk Sharing Contracts at Option of the National Oil Companies NOCs.
The PSA Contract Conditions will be discussed in detail including Understanding the Contract Condition, its interpretation, enforceable changes that can be made to this condition, contract administration aspects, record keeping aspects, possible disputes and their resolution.
This Production Sharing Agreement (PSA) Contract Training Workshop Builds Professionals who will have the Understanding, Process Knowledge,, Competencies, Management Insights, including Leadership, they will need to become True Expert Professionals in this area.
The objective of this program is to create PSA Professionals with competency to Administer these Contracts such as to Protect the Petroleum Production Project and their employer. For this purpose this program provides the PSA Contract Professional participant the essential PSA Contract Understanding, Competencies,, Process Knowledge and Management Guidance to perform his Professional Assignment in an effective, efficient, customer focused manner, always targeting towards Meeting the Unit and Organization Operational & Strategic Objectives. This is a comprehensive training program.
Program Topics mentioned below will be discussed in great detail to ensure the participants gains a full Multi-Discipline Multi-Stakeholder Latest-Technology Equipped Understanding of the he will be required to Understand, Plan, Execute, Supervise or Improve.
Exploring Petroleum for Production is Expensive, Needs Specialized and Expertise, and the Risk of Not Finding Commercially Exploitable Reserves is Very High. Generally, Government organizations are not tuned to perform effectively on such business ventures and resources may also be limited. So the Government (acting under its National Oil Company NOCs) as the owner of the Underground Petroleum Resources hires an Exploration & Production (E&P) Contractor to Invest his own money, to do such exploration, bear all the risks, pay some fees for this right and data provided, and if commercially viable petroleum is found within a certain period, and extracted within another mentioned period, part Produced Oil will go to reimburse the Contractor for his Allowable Costs (Cost Oil) and from the remaining oil (Profit Oil) the government will take a percentage share of the petroleum (in place of royalties and taxes). Cost recovery is usually 50%+ of the production.
Many complexities are included in these arrangements and calculations. PSAs may have provisions to convert themselves to Risk Sharing Contracts at Option of the National Oil Companies NOCs.
The PSA Contract Conditions will be discussed in detail including Understanding the Contract Condition, its interpretation, enforceable changes that can be made to this condition, contract administration aspects, record keeping aspects, possible disputes and their resolution.
Who Should Attend?
This program is intended for Production Sharing Agreement PSA Professionals, Managers, Auditors, Finance Departments, Government Auditors and Oversight Committee Members.
This program is also intended for Petroleum Accounting Professionals, Operational Auditors, Regulatory Agency Staff and Middle Managers.
This program is intended for Production Sharing Agreement PSA Professionals, Managers, Auditors, Finance Departments, Government Auditors and Oversight Committee Members.
This program is also intended for Petroleum Accounting Professionals, Operational Auditors, Regulatory Agency Staff and Middle Managers.
Program Content
Processes & Modules
Contract Administration & Management of Oil & Gas Production Sharing Agreements Leveraging Ai (PSAs)
Business Aspects of Petroleum Production Sharing Agreements (PSAs)
PSA Stakeholders and their Expectations
Legal & Regulatory Aspects of PSAs
PSA Operational Objectives
Discussion on PSA Possible Problems, Leakages, Inefficiencies and Solutions arising from lack of Company or Regulatory Control over the PSA Process
Understanding PSA Contract Conditions
Nature of the relationship between the Parties
Duration of the Agreement
Exploration Period
Production Period
Operator
Petroleum Operations Procedures
Costs and expenditures
Recovery of costs and expenditures
Production sharing
Lifting and disposal of Crude Oil
Petroleum Operations Responsibilities
Exploration Work Plans and Budget
On Commercial Discovery
General Development and Production Plan
Development and Production Budget
Production Planning
Guarantee
Determining Contribution
Conservation of Petroleum
Records, reports and inspection
Contractor Groups Owner-Crude
Processes to Administer Crude Oil disposal
Unitization and Joint Development
Transfer and abandonment of assets
On Natural Gas Production
Owner Risk
Operating Committee
Ownership of assets
Ownership and confidentiality of data
On Losses or damages
Petroleum Operations risk management
Recruitment, integration and training of Local personnel
Double taxation and change of circumstances
Assignment of Responsibility Process
Termination of the Agreement Process
Confidentiality of the Agreement Process
Dispute resolution
On Force Majeure
Processes Applicable law & Language
Processes about Local Offices
Process for Service of Notice
Processes to Ensure Project Effectiveness
Project Closing
Lessons Learnt
Project Recommendations
Deeper Insights into PSA Contract Administration and Decision Making
Developing a PSA Contract Administration Performance Evaluation Process Management System
Developing Meaningful PSA Contract Administration KPIs
PSA Contract Administration Knowledge System
Program Recommendations
Personalized PSA Contract Administration Improvement Action Plan