Oil and Gas Production Sharing Contract and Economics
The course is actually the level 1 of the Petroleum Economics and Investment Decisions training, which in turn is part of the OGBS prestigious Mini MBA in Oil & Gas Management. It begins with the historical ownership issues involved in this sector, as regards various countries.
It features the Oil and Gas Fiscal Systems Management, and takes the students through the various contractual arrangements between the Host Government and the International Oil Companies, such as Joint Venture, MOU, concession; oil mining lease, pure service contract; technical assistance contract, PSC, Risk Sharing Contracts, Technical Assistance Agreement etc., and explains the unique features of each, as well as the Host Governments that prefer particular types.
In addition, it also references and explains the applicable legal instruments, that governs oil and gas investments and operations in Nigeria, oil lifting contracts and international markets, as well as the pricing mechanisms associated with them, and lots.
Call us today, to register for this very interesting course. Begin your career in oil and gas management with this course.
o Module 1:
Introduction, objectives, risks and terminologies and duties of petroleum economists, risks and challenges, fiscal terms, depreciation, depletion, amortization, book values, e & p challenges, duties of petroleum economists
o Module 2:
Oil & Gas Supply Chain
o Module 3:
Key oil & gas laws [the deep offshore and inland basin production sharing contract decree no. 9 of 1999; petroleum act 1969, petroleum regulations etc.
o Module 4:
Oil and gas insurance; underwriting oil & gas business; deep offshore risks & life cycle; well blowout cratering; welcar 2001 policy
o Module 5:
Oil & gas contract classification; joint venture; production sharing contract; concession; oil mining lease; risk service contract, pure service contract; technical assistance contract; cost recovery, sunk costs; participating agreement, operating agreement & mou.
o Module 6:
Petroleum fiscal systems; revenues, royalties, bonuses, petroleum profit taxes, economic rent; tax base spectrum: pre-discovery, bonuses & rentals, discovery, fg participation, post discovery, royalties/ royalty trusts & tariffs, severance & valorem, state & local taxes, income taxes, special petroleum taxes, accounting period, adjusted profit, disallowed deductions, assessable profit, chargeable profits, tax computations, concessionary fiscal systems,fg take/contractor take, ringfencing, oil depletion allowance, depletion calculation & limits.
o Module 7:
Natural gas fiscal matters; features of the local & international gas markets & projects; LNG laws; associated gas re-injection act, 1979 etc.
o Module 8:
OPEC & GEF international pricing; production quotas & leadership, opposing western manipulations, swing producers, oil burden, opec reference basket, oil pricing dynamics, market & benchmarket, global price actors- OPEC, OECD, IEA & the 7 Sisters etc.
o Module 9:
International markets, market listing, speculations, dubai, london & new york markets, oil futures, electronic trading
o Module 10:
Crude oil contracts: term contracts, spot markets, major oil markets, oil storage trade, us strategic reserve.
o Module 11:
Product trading, octane rating, pipelines, refining, petrochemicals.
o Module 12:
Nigerian content; local content/technology acquisition clauses in petroleum act, 1969, Nigerian oil & gas content development act, 2010.
o Module 13:
Energy geopolitics; OAPEC oil embargo, oil price shock, oil glut, strategic petroleum reserves, oil patch, western capital markets,
o Module 14:
Shale production & limits, impact of oil price, and adverse environmental consequences; shale oil viability - (eroei).
Course Materials include Cash Flow Basics & Investment Analysis, which will be taught exhaustively along with Production Decline Analysis in the OGBS EXECUTIVE MINI MBA IN OIL & GAS MGT/Advanced Petroleum Economics.
On succesful completion, candidates will be issued the OGBS Certificate in Oil and Gas Production Sharing Contract and Economics, in addition to free membership of Energy Institute, UK.
FOR CANDIDATES WHO WANT THE MINI MBA IN OIL & GAS MGT CERTIFICATE, they should be prepared to pay additional cost for the simplified condensed version of an MBA e-book containing globally recognized modules, and additional learning, of what they would have learnt, if they had gone for an MBA degree program, and must be prepared to undertake additional private studies.
Oil and Gas Business School, is a recognized "Learning Affiliate" with Energy Institute, London.
Register for this program, with OIL AND GAS BUSINESS SCHOOL, and receive the following great benefits:
*Free Student Membership of Energy Institute, London
This will really help them to you to develop both their studies and their future careers. Benefits as a member include:
• Energy Institue monthly e-magazines: Energy World and Petroleum Review
• Use of The EI Energy Matrix – Access to over 85,000 energy information resources using our online vault of energy related knowledge, including books, periodicals, articles, statistics and fact sheets, and our London Library. The collection includes online resources, journals, conference proceedings and reports.
• 24/7 access to the EI eLibrary containing over 2.5 million records, including full text journal articles on energy and the environment from Ebsco Environment Complete, 80 full text eBooks, available to download and borrow and a host of other journal databases.
• Visit the EI Library to access the Petroleum Abstracts database from the University of Tulsa which contains more than 1.1 million abstracts on oil and gas exploration and production.
• Access to the EI’s Data Sheets, a collection of current and historical statistics and information, covering energy prices, electricity production and petroleum fuels.
• Free networking events with those high up in the industry, helping you to learn about the industry and get known.
• Access to a team of qualified information professionals, during library opening hours, to answer quick queries or assist with more extensive research. Free quick research service (5-10 minutes) and a discounted rate for longer research queries.
• Education and careers information through EI careers website.
• Use of mycareerpath – a great system used for documenting any career progression, which students can present to employers
• Discounts – Reduced rates for EI events, including regional and training courses that would help your knowledge and professional development
• Branch events and competitions – Nigerian branch holds events and competitions for local students to attend.
• Benevolent Fund – EI provides a range of financial and other assistance to students in need.
• Energy Policy Milestones Calender - a frequently updated resource providing links to current and forthcoming policy activity.
• Opportunity to Develop and advance into the Professional Membership category, after graduation, and be able to use such titles or designations as MEI (Member, Energy Institute), Chartered Energy Engineer, Chartered Energy Manager, Chartered Petroleum Engineer, Chartered Environmentalist, Chartered Scientist etc