Legal Aspects of Production Sharing Contracts

With a special focus on Brazil

Classroom session

23-25 Sep 2024

Rio de Janeiro, Brazil

23-25 Sep 2024

Rio de Janeiro, Brazil

Course Summary

  • course overview

  • Course objectives

  • course audience

Course Summary

Legal Aspects of Production Sharing Agreements (PSAs) with a Special Focus on the Brazilian PSCs: Benchmarked Insights


Production Sharing Agreements (PSAs) are crucial legal instruments in the world of oil and gas exploration and production. These agreements serve as a blueprint for how countries and investors share the risks and rewards of exploiting hydrocarbon resources. This course delves into the legal intricacies of Production Sharing Agreements, with a particular emphasis on the Brazilian PSC model. We will compare it against other PSA models worldwide, highlighting its pros and cons to provide you with valuable insights.


Understanding Brazilian Production Sharing Contracts

Historical Context and Significance

Brazil has a rich history in the oil and gas sector. The country introduced Production Sharing Contracts to ensure a fair distribution of profits from its oil fields. These contracts have played a pivotal role in Brazil's energy landscape, attracting domestic and international investors.


Key Elements of Brazilian PSCs

Brazilian PSCs have unique features, including a share of oil production, cost recovery, and profit oil. Understanding these elements is essential for any investor interested in Brazil's energy sector.


Comparing Brazilian PSCs with Global Models

PSC Models Worldwide

Brazilian PSCs are just one of many models used globally. We'll provide an overview of some prominent PSA models in different countries, emphasising their diversity.


Advantages of the Brazilian PSC Model

Brazilian PSCs offer various advantages, such as competitive taxation, significant reserves, and a stable political environment. We'll explore these benefits in depth.


Disadvantages of the Brazilian PSC Model

On the flip side, there are challenges investors need to consider, including regulatory complexities and potential economic instability. We'll examine these disadvantages and how they affect investment decisions.


Legal Aspects of Brazilian PSCs

Regulatory Framework

The legal framework in Brazil plays a pivotal role in the success of PSCs. We'll discuss the key laws and regulations that govern these contracts, ensuring a deep understanding of their legal structure.


Rights and Responsibilities of Parties

A successful PSA relies on a clear delineation of rights and responsibilities among parties involved. We'll break down the roles and obligations of the Brazilian government and investors in these contracts.


Benefits for Investors

Profit-sharing Mechanisms

Brazilian PSCs offer unique profit-sharing mechanisms that provide incentives for investors. These mechanisms can significantly impact an investor's ROI.


Taxation and Incentives

Brazil provides various tax incentives to investors, and understanding these tax structures can make a substantial difference in the financial outcomes of exploration and production activities.


Challenges for Investors

Political and Economic Risks

Brazil's political landscape can be volatile, and economic challenges can affect the profitability of PSCs. We'll explore the risks that investors should be aware of.


Contractual Complexities

Navigating the intricacies of a Brazilian PSC can be challenging. We'll discuss the contractual complexities and how investors can mitigate associated risks.

Global Benchmarking of PSCs

Case Studies of PSCs in Other Countries

To provide a comprehensive perspective, we'll present case studies of PSA models in other nations and analyze their success stories and challenges.


Lessons Learned from International Experiences

What can we learn from the experiences of other countries? We'll extract valuable insights that can inform decisions when investing in Brazilian PSCs.

Conclusion

In conclusion, Brazilian Production Sharing Contracts offer both opportunities and challenges for investors. This course has shed light on the key legal aspects, profit-sharing mechanisms, and global benchmarks of PSCs, helping you make informed investment decisions in the Brazilian energy sector.

Questions about the course?

Why don't you schedule a free Microsoft Teams meeting with one of our advisors at your convenient time?

Our Trainer 

Meet your trainer

Tom has more than 25 years of experience in the oil and gas industry, both as a barrister and as a solicitor.

Tom's focus is on international energy projects, with a particular emphasis on gas and LNG. In 2002 and 2003 Tom and his family lived in Doha, Qatar, where Tom was Senior Counsel (Projects) with Qatar Petroleum, the national oil and gas company for the State of Qatar. While in Qatar Tom acted for Qatar Petroleum, as well as both Qatargas and RasGas.

Course Fees

No Virtual Sessions

This course is not available virtually

Classroom Sessions

All our classroom sessions are now resumed and courses are held in different cities around the world.

Kindly refer to our 2024 calendar for dates & locations

  • 7 to 8 Hours per day
  • 1 Hour Lunch break with Morning & Afternoon breaks
  • Superfast wifi during the course
  • Held in Five star hotels 
  • Held in different cities around the world

US$

2,100

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All our courses are available In-House and can be tailored to your specific needs. If you are interested in having this course In-House either in your office or in any location of your choice, please complete the form below and one of our advisors will be in touch with you shortly.

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