24–26 Aug 2026 23–25 Nov 2026 London & Dubai 3 Days 5-Star Hotel
About This Course
Course Overview
This comprehensive 3-day course provides an in-depth examination of the legal framework governing Production Sharing Contracts (PSCs) in the global petroleum industry. From the historical origins of PSCs to cutting-edge dispute resolution mechanisms, participants will gain a thorough understanding of the legal, fiscal and contractual landscape that shapes upstream oil and gas projects worldwide.
Delivered through expert-led instruction, the course draws on real-world practice and landmark case studies from Myanmar, Senegal, Vietnam and Kenya.
Classroom sessions are held in London (August) and Dubai (November) at five-star hotel venues, bringing together professionals from NOCs, IOCs, government agencies and legal advisory firms.
Programme Content
Key Topics
01
History, Government Grants & the Rise of PSCs
Historical context of the petroleum industry
Government grants and state involvement
Host government, service and concession contracts
Constitutional amendments in PSC
Ownership issues and unitisation
02
PSC Timing, Decision-Making & Gas Issues
Phases of the PSC: exploration, appraisal, development and production
Extension rights, relinquishment and negotiation of new terms
Decision-making and the role of the state, including deeming provisions
Natural gas issues: associated and non-associated gas
Domestic market obligations, local content and corruption risks
03
Fiscal Terms, Taxation & Cost Recovery
Signature bonuses, royalties and taxes
Profit sharing and cost recovery mechanisms
Accounting procedures and audit disputes
Good oilfield practices and state data rights
Lessons from global PSC evolution
04
Resolution, Stabilisation & Case Studies
Environmental regulation, decommissioning and change of control
Stabilisation approaches: freezing, economic equilibrium and hybrid models
Investment protection: BITs, MITs and the Energy Charter Treaty framework
Case studies: Myanmar, Senegal, Vietnam and Kenya
Recent licensing rounds, PSC reforms and dispute trends through 2026
Learning Outcomes
What You Will Learn
By the end of this course, you will be able to:
01Understand the historical development of PSCs and the role of state participation in upstream oil and gas
02Navigate the legal and contractual framework of host government contracts, PSCs and concession agreements
03Analyse fiscal terms — royalties, taxes, cost recovery and profit sharing — and their legal implications
04Apply dispute resolution mechanisms and understand international arbitration in the PSC context
05Assess decommissioning obligations, risk allocation and stabilisation clauses
06Analyse real-world case studies from Myanmar and Senegal and extract transferable lessons
Dates & Pricing
Sessions & Fees
All sessions are held at five-star hotel venues. This course is available as classroom only.
Dates
Location
Format
Fee (USD)
24–26 Aug 2026
London, UK
Classroom
£3,300 (+20% UK VAT)
23–25 Nov 2026
Dubai, UAE
Classroom
£3,300 (no VAT)
Target Audience
Who Should Attend
This course is designed for professionals across the energy and legal sectors who work with or advise on Production Sharing Contracts.
Petroleum Industry Professionals
Oil and gas companies, E&P, project management and operations
Legal & Contractual Experts
Lawyers, legal advisors and contract specialists
Government & Regulators
Policymakers, energy ministry officials and regulatory bodies
Finance & Business Executives
Financial planning, risk management and investment decision-makers
Consultants & Analysts
Advisory, consulting and market analysis professionals
National Oil Companies
NOC staff in commercial, legal and strategy roles
Common Questions
Frequently Asked Questions
Where and when are the 2026 sessions held? +
The 2026 classroom sessions are held in London, UK (24–26 August) and Dubai, UAE (23–25 November) at five-star hotel venues.
Is this course available virtually? +
This course is currently offered as classroom sessions only. Please contact info@londonpetroacademy.co.uk to enquire about any virtual options.
Which countries are covered as case studies? +
The course includes in-depth case studies from Myanmar and Senegal, exploring historical context, PSC periods, guarantee obligations, state participation rights, local content, DMO risk, and updates on force majeure and material adverse effects case law.
Can this course be delivered in-house? +
Yes. All London Petro Academy courses are available as fully customisable in-house programmes delivered at your premises or any location worldwide. Contact j.rogus@londonpetroacademy.co.uk for a tailored proposal.
