This four-day course provides a comprehensive and current exploration of the legal and fiscal aspects of Brazilian Production Sharing Contracts (PSCs), with a special focus on the pre-salt sector. Participants will be guided through Brazil’s constitutional and regulatory foundations, the unique institutional architecture (including the pivotal roles of ANP, Petrobras, and PPSA), as well as the structure and management of PSC arrangements. The curriculum then delves into the fiscal design of PSCs, covering government take mechanisms, cost recovery, profit oil sharing, royalty regimes, and taxation, balancing legal compliance with financial performance. Suitable for energy professionals, legal, finance and fiscal experts, and industry managers, the training delivers a practical and strategic understanding needed to navigate and succeed in Brazil’s evolving oil and gas regulatory landscape.

• Develop a clear understanding of Brazil’s unique legal and regulatory framework for oil and gas Production Sharing Contracts (PSCs), with emphasis on pre-salt reserves and the latest ANP and Petrobras updates.
• Recognise the structure, roles, and responsibilities of key regulatory and management bodies, including ANP, MME, CNPE, and PPSA, within the PSC regime.
• Distinguish between concession and production sharing systems, and identify how the PSC model allocates risk, ownership, and government take in Brazil.
• Analyse PSC contract structure, governance mechanisms, local content and ESG obligations, and unitisation and decommissioning requirements according to current Brazilian practices.
• Master the fiscal fundamentals of PSCs, including signature bonuses, cost oil recovery mechanisms, profit oil sharing, royalty regimes, and related taxation in accordance with updated ANP and Petrobras standards.
• Apply economic modelling skills to evaluate the financial impact of PSC terms, calculate contractor and government returns, and conduct scenario risk analyses.
• Understand compliance, transparency, anti-corruption, and dispute resolution provisions essential to PSC contract management in Brazil.

This course is ideally designed for legal counsel and lawyers specialising in energy and oil & gas law, contract managers, compliance officers, and fiscal analysts involved in production sharing contracts within exploration and production departments. It is also highly relevant for government relations professionals, regulatory affairs specialists, petroleum economists, business analysts, and senior managers seeking to deepen their expertise in Brazil’s regulatory, contractual, and fiscal frameworks. Additionally, project managers, technical advisors, and corporate development professionals working on PSC bidding, management, or asset acquisitions will gain strategic and practical insights essential for operating effectively in Brazil’s evolving upstream sector.