Petroleum Agreements and Economics – Contracts, Fiscal Terms, and Decision-Making

📘 Course Description

This course offers a comprehensive understanding of petroleum agreements, fiscal regimes, and economic evaluation methods used in the upstream oil and gas industry. Participants will explore the legal, financial, and operational components of petroleum contracts such as Production Sharing Agreements (PSAs), Concessions, and Risk Service Contracts, as well as how these impact field development decisions and investment strategies. The course emphasizes hands-on application through real-world examples, economic modeling, and decision-making tools like NPV, IRR, EMV, and Decision Trees.

👥 Who Should Attend

• Petroleum economists and planners

• Legal and commercial advisors

• Government regulators and policy makers

• Project and asset managers

• Finance professionals in E&P companies

• Geoscientists and engineers involved in economic evaluations

🧠 Training Format

• Instructor-led lectures

• Real-world case studies

• Hands-on economic modeling in Excel

• Interactive discussions and group exercises

• Knowledge check quizzes and wrap-up reviews

📅 Day-by-Day Agenda with Time Breaks

📆 Day 1: Fundamentals of Petroleum Agreements

📆 Day 2: Fiscal Regimes and Contractual Frameworks

📆 Day 3: Petroleum Economics and Cash Flow Modeling

📆 Day 4: Decision-Making Under Uncertainty

📆 Day 5: Case Studies and Contract Strategy Simulation

📂 Course Materials Provided

• Excel economic model templates

• Sample petroleum contracts (PSA, Concession, RSC)

• Country fiscal regime comparative toolkit

• Case study datasets

• Certificate of Completion