Production Sharing Contracts Brazil — Legal, Fiscal & Financial
Rio de Janeiro, Brazil — 2026
4–7 Aug 2026 23–26 Nov 2026 Rio de Janeiro, Brazil 4 Days 5-Star Hotel
About This Course
Course Overview
This intensive 4-day course provides an integrated overview of the legal, financial and fiscal aspects of Production Sharing Contracts (PSCs), using a structured international comparison to benchmark the Brazilian model against other PSC jurisdictions. Structured as 2 days legal and 2 days fiscal, the programme situates Brazil's dual concession/PSC framework — anchored in the Petroleum Law, Pre-Salt Law and Law 15,075/2024 — within the wider global landscape.
Participants explore how upstream projects are structured financially, how PSC fiscal terms are designed — cost recovery, profit petroleum, royalties and other government revenues — and how these interact with corporate tax, local content, ESG obligations and joint-venture arrangements. Brazil's framework is benchmarked throughout against peer jurisdictions including Indonesia, Malaysia, Nigeria and Equatorial Guinea.
The final sessions apply these concepts through economic and commercial analysis and a detailed case study of Brazil's pre-salt PSCs, assessing their advantages and drawbacks versus concessions for both government and investors in the context of energy transition. All sessions are held at five-star hotel venues in Rio de Janeiro, bringing together legal counsel, fiscal specialists, petroleum economists and senior managers from across the global oil and gas industry.
Programme Content
Key Topics
01
Legal Foundations of PSCs in Brazil
Global evolution of PSCs: PSCs vs concessions and service contracts
Brazil's framework: Petroleum Law, Pre-Salt Law and Law 15,075/2024
Institutional roles of CNPE, ANP, PPSA and Petrobras
Coexistence of concession and PSC regimes in Brazil
Core PSC legal structure: contract area, work programme, ownership and title
02
International Benchmarking of the Brazilian Model
Benchmarking Brazil against Indonesia, Malaysia, Nigeria and Equatorial Guinea
Contract duration, work obligations and operational control compared
ANP and PPSA approvals benchmarked against NOC participation models
Local content and ESG obligations: Brazil vs international practice
Group exercise: legal risk and attractiveness scorecard for Brazilian PSCs
03
Financial & Fiscal Fundamentals
Investor decision process: geology, financial, fiscal, legal and regulatory terms
Petroleum economics: NPV, IRR, EMV, payout and breakeven price
Cost recovery mechanics: ring-fencing, recoverable costs and decommissioning
Profit petroleum sharing: concepts and rationale used in Brazil
Royalty: concepts, calculation rules and UNCLOS royalty
04
Fiscal Terms, Joint Ventures & the Brazil Deep-Dive
Corporate income tax, bonuses, local content and carbon pricing
Joint ventures: incorporated vs unincorporated, carried interest, sole-risk
Government take: pre-determined vs market-based approaches and fiscal stability
Pre-salt PSCs vs concessions: advantages, drawbacks and acreage allocation
Energy transition and the future of Brazil's pre-salt production sharing
Learning Outcomes
What You Will Learn
By the end of this course, you will be able to:
01Understand Brazil's unique legal and regulatory framework for PSCs, with focus on pre-salt reserves and latest ANP and Petrobras updates
02Recognise the structure, roles and responsibilities of key regulatory bodies — ANP, MME, CNPE and PPSA
03Distinguish between concession and production sharing systems and how the PSC model allocates risk and government take
05Benchmark Brazil's PSC model internationally against Indonesia, Malaysia, Nigeria and Equatorial Guinea
06Understand joint venture structures, carried interest and state participation in Brazilian PSCs
Dates & Pricing
Sessions & Fees
All sessions are held at five-star hotel venues in Rio de Janeiro, Brazil. This course is classroom only.
Dates
Location
Format
Fee
4–7 Aug 2026
Rio de Janeiro, Brazil
Classroom
£3,500 (no VAT)
23–26 Nov 2026
Rio de Janeiro, Brazil
Classroom
£3,500 (no VAT)
Target Audience
Who Should Attend
This course is designed for professionals working in or entering Brazil's upstream oil and gas sector.
Legal Counsel & Lawyers
Energy and oil & gas law specialists working with PSCs
Contract & Compliance Managers
E&P contract managers and compliance officers
Fiscal Analysts & Economists
Petroleum economists and fiscal specialists
Government & Regulatory
Government relations and regulatory affairs professionals
NOCs & IOCs
Senior managers and technical advisors in upstream operations
Project Managers
PSC bidding, management and asset acquisition teams
Common Questions
Frequently Asked Questions
What does the course cover? +
The course covers Brazil's legal and fiscal PSC frameworks over 4 days (2 days legal, 2 days fiscal). Topics include Brazil's constitutional foundations, ANP regulatory structure, pre-salt reserves, cost recovery, profit oil sharing, royalties, taxation, economic modelling and dispute resolution.
Where and when are the 2026 sessions held? +
Sessions are held in Rio de Janeiro, Brazil: 4–7 August 2026 and 23–26 November 2026 at five-star hotel venues.
What is the course fee? +
The course fee is £3,500 per delegate for classroom sessions.
Is this course available virtually? +
This course is currently offered as classroom sessions only in Rio de Janeiro. Please contact info@londonpetroacademy.co.uk to enquire about any virtual options.
Can this course be delivered in-house? +
Yes. All London Petro Academy courses are available as fully customisable in-house programmes. Contact j.rogus@londonpetroacademy.co.uk for a tailored proposal.
All London Petro Academy courses are available as fully customised in-house programmes delivered at your premises, in Rio de Janeiro, or any location worldwide.
