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Oil & Gas Contract Management
Analysis of the Various Types of Production Sharing Agreement
Background & About the Course
The oil and gas industry is a strategic sectors that presents significant challenges in contract management. The Production Sharing Contract (PSC) is a common contract form used in collaborations between governments and oil and gas companies. PSCs are designed to ensure fair profit sharing while promoting investment in the sector. However, the complex contract structures, stringent regulations, and changing global market dynamics often pose challenges in the implementation and management of PSCs.
To address these challenges, it is essential for professionals in this sector to gain a deep understanding of various types of PSCs, including the technical, legal, and economic aspects involved. This training aims to provide strategic insights and practical skills in analyzing and managing PSCs to support the success of oil and gas projects at both national and international levels.
Course Objectives
By studying various contracts and models, and comparing them with those from other countries, participants will gain a comprehensive understanding of the essence of Indonesia’s PSC. Furthermore, participants will delve into the details of Indonesia’s PSC based on the correct philosophy of PSC.
Who Should Attend
Recommended Participants:
- Legal Managers and Legal Counsel
- Commercial and Business Managers
- Contracts Administrators and Managers
- Commercial, Financial, and Insurance Professionals
- Project and General Management Professionals
Course Outline
- Business Models and Processes
- Discuss and explore upstream oil and gas business processes.
- Understand exploration activities and their impact on business calculations.
- Examine extraction and production processes and their effects on contract creation.
- Business Risks Identification
- Recognize business risks at each stage of the process.
- Understand how these risks affect business calculations and the profitability of contracting parties.
- Optimal Contract Models
- Identify contract models that provide optimal returns from multiple perspectives, including those of the government and contractors/investors.
- Understand the rationale behind specific oil and gas contracts.
- Comparative Analysis of Contract Models
- Compare the advantages and disadvantages of various contract models applied globally in the oil and gas sector.
- Study of International PSCs
- Analyze and compare upstream oil and gas contracts, particularly PSCs from selected countries such as India, Bangladesh, and Iraq.
- Understanding the Philosophy of PSC
- Explore the underlying philosophy of PSCs.
- Discuss the reasons behind the current model of Indonesia’s PSC and its benefits.
- History and Model of Indonesia’s PSC
- Discuss the history of PSCs in Indonesia, including the background and reasons for their establishment.
- Examine the evolution of PSCs and their current state.
- Detailed Discussion of Indonesia’s PSC
- Review the 17 chapters and 4 appendices of Indonesia’s PSC.
- Engage in detailed discussions about each chapter, including their impacts and consequences.
About the Course Leader
Dr. A Rinto Pudyantoro, MM, Ak, CA
Dr. Rinto has over 30 years of experience as a practitioner in the upstream oil and gas business. He began his career at VICO Indonesia for nearly 11 years, followed by 4 years at BP Indonesia, and 16 years at BP Migas and SKK Migas.
As of May 2022, Dr. Rinto served as the Head of the Program and Communication Division at SKK Migas, previously holding the position of Head of the SKK Migas Representative Office for Papua and Maluku. He has also worked in oil and gas taxation at SKK Migas, managing revenue accounting and the state budget.
Dr. Rinto has authored several books on upstream oil and gas business, including “A to Z Bisnis Hulu Migas,” “Dialog Tanya Jawab Migas,” “Proyek Hulu Migas-PetroEkonomi,” and his latest work, “Bisnis Migas – Menakar Persoalan.” He has published over 30 opinion pieces on oil and gas and upstream business in various print and online media.