IHRDC International Human Resources Development Corporation IHRDC: A Worldwide Leader in Oil and Gas Training - Since 1969

Negotiating Successful
Upstream Petroleum Agreements new!

Duration:5 DAYS

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This workshop is an ideal program for those who wish to learn both the financial and legal aspects of Upstream Petroleum Agreements and negotiating skills necessary to achieve win-win outcomes. Participants initially learn the essential terms of host government agreements from both the contractor and government points of view. Then, using a specially designed financial model, participants analyze the economic returns of a realistic exploration and development program in the fictitious island "Republic of Atlantica" off the coast of West Africa under a typical Production Sharing Contract.

Upstream Petroleum Agreements - MapAfter completing their analysis, the participants, working in teams, engage in active negotiations, by playing the role of either the government or the contractor. In the process they use the "Getting to Yes" method of negotiation to achieve win-win outcomes. This challenging learning process allows participants to effectively internalize the essential aspects of Upstream Petroleum Agreements. Two experienced instructors/mentors make it all very challenging and enjoyable!


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