Course Description:
This programme is designed to provide participants with a comprehensive understanding of the legal, operational, accounting, financial, commercial, and fiscal frameworks that govern oil and gas operating companies, particularly within Incorporated Joint Venture (IJV) structures and Production Sharing Contract (PSC) arrangements. Corporate governance and fiscal regimes play a critical role in shaping the economic performance of both oil companies and host governments, influencing profitability, investment decisions, operational efficiency, and government revenue generation through taxation, royalties, and other fiscal instruments. The programme examines how host government fiscal policies and regulatory frameworks directly impact the economics of oil and gas exploration and production activities, as well as the strategic, structural, and governance decisions made by operating companies and their partners.
Participants will gain practical insights into the management and governance of IJVs under applicable PSC regulations and host country requirements, including the relationships, responsibilities, and decision-making processes among joint venture partners operating under Shareholders’ Agreements and related governance structures. The course also explores key corporate governance principles, partner relations management, financial oversight, compliance obligations, and operational supervision within petroleum joint ventures. Designed for professionals working within petroleum investment management, regulatory agencies, operating companies, and non-operating partner organizations, this technical programme equips participants with the knowledge and skills required to effectively supervise, manage, and optimize IJV operations, governance systems, and financial performance in today’s evolving oil and gas business environment.