Structuring and Negotiating Production Sharing Agreements: A Training Course
1Summary
When a government and an international operator sit down to split the output of an oil or gas field, the wording of a single clause can shift millions in value between the two sides — which is exactly why production sharing contracts demand specialists who understand both the legal fine print and the financial mechanics behind it.
This Co-Production Contracts training course from the Arab British Fellowship Training Academy unpacks the legal, financial, and commercial structure of production sharing agreements as they are used in government contracting worldwide, and equips participants with the knowledge to read, negotiate, and evaluate these contracts with confidence.
2Objectives and target group
Who Should Attend?
- Government and state officials involved in foreign affairs and cross-border energy agreements.
- Senior executives, financial managers, tax consultants, financial planners, legal advisers, and lawyers working on production sharing deals.
- Negotiators, authorized directors, and accountants handling contract terms and financial reporting.
- Planning and operational strategy managers, portfolio managers, and trade advisers.
- Engineers, geologists, economists, and business analysts working on joint production projects.
- Managers newly assigned to joint ventures and business companies entering this field.
Course Objectives
By the end of this course, participants will be able to:
- Master the essential financial terminology used in production sharing contracts to safeguard project economics.
- Apply legal-provision analysis skills directly in negotiation and day-to-day contract work.
- Benchmark production sharing agreements against successful models used around the world.
- Anticipate and avoid the common pitfalls that derail co-production deals.
3Course Content
Module 1: Why Production Sharing Contracts Shape Global Energy Deals
- What a co-production contract actually means, and how it differs from other government contracts worldwide.
- The financial formulas and legal provisions that keep these contracts working properly.
Module 2: Reading the Financial DNA of the Contract
- The basic financial terms every participant needs to master.
- How financial literacy in this area drives commercial success on the ground.
Module 3: Legal and Commercial Building Blocks
- Deep analysis of the legal provisions governing co-production contracts.
- How this analysis strengthens negotiation and business decisions.
Module 4: What Happens After the Contract Is Signed
- The practical and legal implications that follow signing a co-production contract.
Module 5: Benchmarking Successful Agreements Worldwide
- Measuring the performance of successful co-production agreements around the world.
- Understanding the problems that must be avoided.
Module 6: Practical Case Studies
- Real-world scenarios applying the concepts covered throughout the course.