course is specifically designed for professionals involved nationally and internationally in the oil and gas industry, it offers a unique opportunity to rapidly increase your understanding of the legal issues involved in production sharing contracts and to improve your negotiation techniques and skills in drafting a variety of related contracts.

1. Supported By
PETROSYNC’S LEGAL SERIES
Understanding the Essence of a PSC
11 April—13 April 2016
Kuala Lumpur, Malaysia
MASTERINGPRODUCTION
SHARINGCONTRACTS

2. 2
Our Production Sharing Contract course is developed to help you learn the fundamentals of
PSCs, along with negotiation techniques and strategies that work in international and
multicultural settings.
LEGAL | MASTERING PRODUCTION SHARING CONTRACTS
How Does This Course Benefits You?
Do you know when was the first PSC used in the world?
The first PSC was signed in 1960 and now are used in over
60 countries.
Avoid Contractual Pitfalls
Understand the key PSC terms and conditions in relation to NOC/GOVT and IOC relationship to
avoid common contractual pitfalls in PSC negotiation.
Establish Better Position
Understand the key PSC framework (Regulatory, Financial, Disposition of Production, Cost
Recovery, Taxes, Profit, etc.) to gain better position in PSC.
Better Allocate Risks
Allocate risk through the development enforceable contractual clauses in terms of
organizational, cooperative, legal, financial and indemnity aspects.
Comparison of PSC Model in Different Regions
Do you know that what is the difference in terms of
structure style in Brazil, Vietnam, Malaysia, Indonesia, etc.?
Join us to find out more!
Effectively negotiate the terms and incorporate into an
enforceable agreement is the key to mastering PSC. Increase your
understanding of the legal issues involved in PSC will improve your
negotiation techniques and skills.
general@petrosync.com | +65 6451 4500 | www.petrosync.com
Course Overview
Course Design Focuses on the Contractual Structure
This course focuses on the every key elements that contribute to a successful PSC—terms,
contract structure, key provisions, negotiation options, drafting, dispute resolution, etc.
Includes Workshops on Major Topics
Practical exercises on each topic—comparison, drafting, negotiation, etc. are enhanced with
the discussion or workshop carried out after each session.
You will also learn how to choose the right contracting strategy and contractor via learning
the preparation considerations before entering a contract. In addition to that, you will also be
able to sharpen your negotiation skills with a guided role play in real case scenarios.

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LEGAL | MASTERING PRODUCTION SHARING CONTRACTS
PetroSync Distinguished Instructor
Who Needs This Program
Practical & Consulting
Over 15 years of O&G experience in Europe, USA, Middle East,
Far East, and Africa. He is currently leading all legal consultancy
activities of KENA CONSULTANTS LTD and has worked with
various private O&G companies from SEA, UAE, USA, etc.
Training
Has delivered courses covering subjects such as Production
Sharing Contracts (PSC), International Oil and Gas Contracts,
Dispute Resolution in O&G Contracts, M&A, etc.
Publications
 “UK Oil and Gas Law”, 2013
 “Dispute Resolution in O&G Contracts”, 2011
Dr. Moe Alramahi
Managing Director
 People involved in PSC negotiation and administration—Operator, Contractor
 People involved in reducing the legal and contract risks for their companies
Job Titles Include:
 Legal Advisors
 Contract Managers/Executives
 Commercial managers
 Business Development Managers
 Finance/Accounting Managers
XXX
 Government Representatives
 Policy Makers
 Regulators
 Insurance and Risk managers
 Economics managers
PetroSync Inhouse Solutions
PetroSync can tailor our courses to meet your specific
needs at your preferred location and schedule. Contact us
for more information at +65 6415 4500 or email to
general @petrosync.com
PetroSync Quality Assurance
All PetroSync courses are developed with top quality to
address all your training needs and purposes. Our courses
are vetted strictly to ensure that we always deliver the best
courses with the best industry expert.
general@petrosync.com | +65 6451 4500 | www.petrosync.com
08:00—09:00 Registration (Day 1) 13:00—14:00 Lunch
09:00—11:00 Session I 14:00—15:30 Session III
11:00—11.15 Refreshment Session I 15:30—15:45 Refreshment Session II
11:15—13:00 Session II 15:45—17:00 Session Iv (Last Session)
Course Schedule

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LEGAL | MASTERING PRODUCTION SHARING CONTRACTS
Course Agenda — 3 Days
general@petrosync.com | +65 6451 4500 | www.petrosync.com
DAY 1
Introduction to Contract Terms and PSC Structure
The Legal Framework and Contract Law
 The UK Legal System including sources of law
 Mandatory elements of a legally enforceable contract
 English Contract Law: Contract Formation and Contract
Terms and Conditions
Contract Law II
 Legal Jargons and Definition of Terms
 English Contract Law: Interpretation of Contract Terms
 Rescission
 Damages: Compensatory, Consequential and Incidental
Damages, Liquidated
Key Characteristics of Production Sharing Contract
 The Subject of a PSC
 The State as Party to a PSC
 The Exploration Activity of an Investor is at its Own
Expense and Risk
 Ownership of Production Produced under a PSC and the
Contractor Nature of an Investor under a PSC
 The Sharing of Product: Substance and Procedure
 PSC Sample, Content and Format
 Drafting Issues
Determining the Structure Style of a PSC
 Comparisons of Model PSCs ( Southeast Asia—Malaysia,
Indonesia, Vietnam, Myanmar; Azerbaijian; Brazil, etc)
 Specific Performance
 Injunctive Relief
Production Sharing Contracts
 The theory and Evolution of PSCs
 Legal status of PSCs
 Countries using PSCs
 Relationship between contractor and government
 Advantages for the host state
Workshop 1: Contract Terms and Content
 Delegates will be presented with some problem solving
exercises in which they will consider some issues sur-
rounding the terms in some mock contractual situa-
tions.
Workshop 2: Interpretation of Contract Terms
 Delegates will consider some exercises in which the
principles of interpretation of contracts will be used to
find practical solutions to ambiguous contract terms,
and will consider better ways in which the contract
could have been framed.
Workshop 3: Case Study (Brazil) - Production Sharing or
Concessions?
 Delegates will compare and contrast various granting
instruments from around the world with a particular
emphasis on the differences between PSCs and the con-
cessionary systems.
DAY 2
PSC Key Provision in Negotiation and Contract Drafting
Workshop 4: PSC Drafting
 Delegates will discuss drafting issues arising out of
PSC’s and in doing so will consider some practical draft-
ing examples
Workshop 5: Model PSCs
 Delegates will work through some model PSCs provi-
sions and will consider the situations in which some of
these key clauses could be used.
Key Clauses
Reviewing standard PSC Contracts. Parties with greater
bargaining power can turn the terms into their favour and
genuinely amend the structure of this form of contracts. Hot
clauses that parties should look for in order to minimize the
risk and increase profitability will be covered over the course
of the various terms of the contracts.
Review of Key Provisions and Negotiation Options (I)
Regulatory Provisions:
 Rules and procedures regulating the right of contractor
conduct petroleum operations:
Financial Provisions and Disposition of Production:
 Contractor’s production disposal rights
 Finance matters
 Banking
 Foreign Currency Exchange and Transfer of Funds Abroad
 Insurance matters

5. 5
LEGAL | MASTERING PRODUCTION SHARING CONTRACTS
general@petrosync.com | +65 6451 4500 | www.petrosync.com
Cost Recovery Production Sharing and Taxes on Income
and Profits
 Rules and procedures concerning production sharing
(involving contractor's compensation and reward) and
contractor's income taxes
Workshop 6: Fiscal Instrument
 Delegates will take part in a role playing exercise to
consider X country whose oil and gas industry is unde-
veloped but, which shares borders with several other
countries who are major hydrocarbon producers, wish-
es to establish a fiscal system to attract investment in
the oil and gas sector.
Register For This Course Now!
You Might Also Be Interested In:
Kindly fill up your particulars in the
registration form placed at the end of this
brochure, and send it to us or email to
registration@petrosync.com
Drilling Contract Negotiation and Management
30 May—3 June 2016 | Jakarta, Indonesia
EPCIC Contract Management
1 –3 August 2016 | Kuala Lumpur, Malaysia
Dispute Resolution and Arbitration
19–21 September 2016 | Kuala Lumpur, Malaysia
DAY 3
PSC Management, Renegotiation, and Dispute Resolution
PSC Management
Organizational and Cooperative Aspects: Rules and
Procedures for cooperation between state party and
contractor
 Supervision, operatorship and cooperation between
contractor and state party
 Control over and decision taking
 Declarations of commercial discovery
 Preparation of plans to develop such discoveries
 Legal and Non-operational Matters
 Contractor’s obligation to provide parent company
guarantees or bank guarantees
 State party's acquisition of ownership of land and
moveable assets
 Internal or external assignment of the contractor's
interest in the contract
 Amendment and termination of the contract
 Government ratification or approval
 Applicable Law
Renegotiation & PSC Market Overview
 What are the options for companies to manage their
contracts and which key terms to consider for
renegotiation. The Future of PSC market shall also be
briefly reviewed in the light of the recent oil price drop.
Dispute Resolution
 Preventing costly litigation through effective use of ADR
option
 Types of dispute resolution vehicles
 Assessing litigation vs. arbitration options
 Mediation considerations
 Considerations for selecting effective mediators and
 Arbitrators
 Selecting arbitration and mediation rules of procedure
 Drafting effective dispute resolution clause
 Practical Exercise: Mock arbitration exerciseWorkshop 7: Effective Use of Indemnity Clauses
 Delegates will consider an exercise involving how to limit
risk through effective use of indemnity clauses in negoti-
ation a PSC
Workshop 8: The Dispute Resolution Clause
 Delegates will consider some examples of dispute reso-
lution clauses and will critically examine these with a
view to considering some of the essential ingredients of
such a clauses, as ideally framed.

6. 6
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Title : Mastering Production Sharing Contracts
Date : 11—13 April, 2016
Location : Kuala Lumpur, Malaysia
COURSE DETAILS
INVESTMENT PACKAGE DEADLINE FULL MASTERCLASS
Standard Price 8 April 2016 USD 2,895
Early Bird Offer 18 March 2016 USD 2,695
Group Discount
(3 or more Delegates)
8 April 2016 10% Discount
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Name : Cay Aagen
Email : registration@petrosync.com
Phone : +65 6415 4500
Fax : +65 6415 4322
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the time of publishing; however, PetroSync may
necessitate substitutions, alterations or cancellations
of the trainers or topics. As such, PetroSync reserves
the right to change or cancel any part of its published
courseme due to unforeseen circumstances. Any
substitutions or alterations will be updated on our web
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