Domain Specific Job Skills
Updated to Leverage the Best of Digital Transformation, Data Analytics and Artificial Intelligence AI
PSA580-1D
1 Week Training Program
Petroleum Production Sharing Agreements (PSAs) Contract Manager Skills
Building Skills in
Managing PSAs to Meet Organizational Operational & Strategic Objectives
Protecting Organizational Interests on PSAs
PSA Project Risk Allocation
PSA Contract Administration
Essential PSA Communications & Documentations
Win-Win Resolution of Disagreements & Disputes on PSAs
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1 Week Training Programs
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New York
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Istanbul
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What is Covered in this Training?
This Petroleum Production Sharing Agreements (PSAs) Contract Manager Training Builds Professionals who will have the Understanding, Process Knowledge, Skills, 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 Managers who can Manage all aspects of the PSA Unit in their organizations, including managing the PSA Professionals to effectively Administer PSA Contracts with focus on Protecting the Petroleum Production Project and their employer. These managers will ensure the PSA Unit efficiently and effectively Plans the Processes, Delegates Responsibilities, Controls Performance, Prepares & Keeps Updated PSA SOPs, Maintains an Effective PSA Knowledge System, Ensures Staff have the required Competencies, Monitors Performance, Solves Problems, Coaches the Professionals, Resolves Disputes and Provides Meaningful Reports to Management.
This program provides the PSA Contract Manager participant the essential Understanding, Competencies, Skills, Process Knowledge and Management Guidance to perform his Professional Assignment in an effective, efficient, customer focused manner, always targeting for Meeting the Operational & Strategic Objectives. This is a comprehensive 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 Processes he will be required to Plan, Execute, Supervise or Improve.
Production sharing Contracts PSAs are prone to many problems, this program will discuss these problem areas, and suggest solutions from Good Practices, and, Benchmark with International Best Practices.
This Professional training program will also discuss in detail for each of the important Risks and Conditions in Production Sharing Contracts PSAs the True Contractual Understanding, the Contract Administration Requirements, the communications required, the Documentary Records to be Maintained, potential disputes and best strategies for win-win dispute resolution.
This Petroleum Production Sharing Agreements (PSAs) Contract Manager Training Builds Professionals who will have the Understanding, Process Knowledge, Skills, 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 Managers who can Manage all aspects of the PSA Unit in their organizations, including managing the PSA Professionals to effectively Administer PSA Contracts with focus on Protecting the Petroleum Production Project and their employer. These managers will ensure the PSA Unit efficiently and effectively Plans the Processes, Delegates Responsibilities, Controls Performance, Prepares & Keeps Updated PSA SOPs, Maintains an Effective PSA Knowledge System, Ensures Staff have the required Competencies, Monitors Performance, Solves Problems, Coaches the Professionals, Resolves Disputes and Provides Meaningful Reports to Management.
This program provides the PSA Contract Manager participant the essential Understanding, Competencies, Skills, Process Knowledge and Management Guidance to perform his Professional Assignment in an effective, efficient, customer focused manner, always targeting for Meeting the Operational & Strategic Objectives. This is a comprehensive 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 Processes he will be required to Plan, Execute, Supervise or Improve.
Production sharing Contracts PSAs are prone to many problems, this program will discuss these problem areas, and suggest solutions from Good Practices, and, Benchmark with International Best Practices.
This Professional training program will also discuss in detail for each of the important Risks and Conditions in Production Sharing Contracts PSAs the True Contractual Understanding, the Contract Administration Requirements, the communications required, the Documentary Records to be Maintained, potential disputes and best strategies for win-win dispute resolution.
Who Should Attend?
This program is intended for Production Sharing Agreement Decision Makers, PSA Professionals, Managers, Auditors, Finance Departments, Government Decision Makers and Oversight Committee Members, Regulators and Policy Makers.
This program content and knowhow will also be useful for promising PSA Contract Administrators so they can be prepared for future PSA Unit Management Roles.
This program is intended for Production Sharing Agreement Decision Makers, PSA Professionals, Managers, Auditors, Finance Departments, Government Decision Makers and Oversight Committee Members, Regulators and Policy Makers.
This program content and knowhow will also be useful for promising PSA Contract Administrators so they can be prepared for future PSA Unit Management Roles.
Program Content & Modules
Petroleum Production Sharing Agreements (PSAs) Contract Manager Skills
Business Aspects of Petroleum Production Sharing Agreements (PSAs)
PSA Problems, Leakages, Inefficiencies and Solutions
PSA Stakeholders and their Expectations
Legal & Regulatory Aspects of PSAs
PSA Operational Objectives
Short discussion on PSA Possible Problems, Leakages, Inefficiencies and Solutions arising from lack of Company or Regulatory Control over the PSA Process
What is involved in Administering PSAs?
Ringfencing exploration, discovery, commercial discovery
Licensee Contracts
Inflation of Costs by Contractors
Relinquishing of Exploration Rights
Contractual Relinquishment of Exploration Rights
Dispute Resolution by Independent Expert
Failure to Deliver the PSA Area
Failure to Invest Adequately
Insufficient Cost Control
Owner Committee approval of Key Procurements, Materials and Subcontracts
Alignment of Recoverable Cost to Work Plans
Approval of Change of Control or Participating Interest
Preemptive Rights
Termination Process
Petroleum Sales
Local Community Hiring & Training
Managing the Processes for
(1) Contract Conditions Drafting
(2) Contract Administration
(3) Management Controls under Various Clauses
(4) Incentives
(5) Use of Expert Committees for Major Expense Proposals
(6) Intelligent Record Keeping and Reporting.Risks Sharing on Production Sharing Agreements
Understanding the True Interpretation Rules of Key Provisions
Understanding Key PSA conditions
Managing PSA Contractual Communications
Good Practices for Maintaining PSA Contractual Records
Documenting Evidence to Help Resolve Disagreements and Disputes
Negotiating Win-Win Settlement of PSA Disputes
Building a PSA Contract Administration & Dispute Resolution Knowledgebase
Program Recommendations
Detailed PSA Personalized Improvement Outline Action Plan