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Joint Venture and Other Collaboration Agreement for the Oil & Gas Industry

An Interactive 5-Day Training Course

Joint Venture and Other Collaboration Agreement for the Oil & Gas Industry

Working in Partnership, Joint Venture and Production Sharing Contract

NASBA
Classroom Schedule
Date Venue Fees
11 - 15 May 2026 Dubai $ 5,950
06 - 10 Jul 2026 Dubai $ 5,950
17 - 21 Aug 2026 Dubai $ 5,950
26 - 30 Oct 2026 Dubai $ 5,950
16 - 20 Nov 2026 London $ 5,950
11 - 15 Jan 2027 Dubai $ 5,950

Course Summary

A Production Sharing Contract (PSC) is used in key oil and gas producing countries, each of these have different approaches and levels of complexity. These complex agreements include a number of clauses that have particular legal interpretation and accompanying fiscal formulas. Therefore, it is crucial to have the correct understanding of the terms in order to calculate the formulas correctly and ensure a smooth agreement implementation.

During this training, delegates will acquire a clear understanding of the fundamentals Production Sharing Contracts (PSCs), along with Joint Operating Agreements (JOAs) negotiation techniques and strategies that work in international and multicultural settings. Delegates will also master how to effectively negotiate in concert with counsel and how to get the terms negotiated incorporated into an enforceable agreement.

The training 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 (PSCs) and Joint Operating Agreements (JOAs) to in various international scenarios and to improve your techniques and skills in drafting a variety of related contracts.

This GLOMACS training seminar will highlight:

  • Evolution of the Production Sharing Contracts (PSCs), Service Agreements and concessionary systems
  • Joint Operation Agreements (JOAs)
  • Comparisons of model Production Sharing Contracts (PSCs) in various countries
  • Negotiation techniques and the role of counsel
  • Explanation and analysis of key provisions to make the Production Sharing Contract (PSC) work
Course Outline
Day 1

Introduction to Upstream Agreements & Production Sharing Contracts (PSCs) 

  • The Legal Framework and Contract Law II
  • Contract Law II
  • Oil and Gas Contracts Fundamentals and Legal Principles
  • Agreement with Resource Holders
  • An Introduction to Production Sharing Contract (PSCs)
Day 2

Agreements Between Co-Ventures 

  • Agreement with Resource Holders (I)
    • Leases
    • Service Agreements
    • Concessions / Licensing
    • Example from Three International Jurisdictions
  • Agreements between Co-Ventures
    • International model form Confidentiality Agreement (CA)
    • AMI’s and Bidding Agreements
    • Joint Operating Agreements (JOA)
    • Standard Model form International Operating Agreement
    • Drafting Issues
    • Unit Operating Agreement / Unitization: What is it? Why do it?
Day 3

Production Sharing Contract (PSC) Structure

  • Key Characteristics of Production Sharing Contract (PSC)
  • The Subject of a Production Sharing Contract (PSC)
  • The State as a Party to a Production Sharing Contract (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 Production Sharing Contract (PSC)
  • The Sharing of Product: Substance and Procedure
  • PSC Sample, Content and Format
  • Drafting Issues & Workshop
Day 4

Minimizing Loss Through Careful Limitation of Liability Clauses 

  • Drafting Enforceable Liquidated Damage Clauses
  • Handling Consequential Damage Waivers
  • Mitigation of Damages Clause
  • Contractual Limitations Periods
  • Transferring Risk by Contractual Indemnity
    • Negligence
    • Strict Liability
    • Pre-Existing Conditions
  • Managing Risk through Adequate Insurance Provisions
    • Insurance Subordination Issues
    • Effective Claims Management
Day 5

Preventing Costly Litigation through Effective Use of Alternative Dispute Resolution Options 

  • Avoiding Common Contract Pitfalls
  • 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
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

KHDA
NASBA

In Association With

Options & Brochure

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

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Trusted by professionals and institutions across public and private sectors.

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Training courses delivered within Saudi Arabia and across international locations.

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No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

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For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email info@glomacs.sa . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

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Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

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