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Institute For Oil & Gas Training
OGI-1112 New

Contract Compliance Across JOAs, PSCs & HGAs Training Course

Duration
5 days
CPD hours
15
Language
English
Next date
18 Jan 2027
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Overview

Contract Compliance is a critical commercial and operational discipline for organisations managing complex oil and gas assets under joint operating agreements, production sharing contracts and host government agreements. The Contract Compliance Across JOAs, PSCs & HGAs Training Course from Institute For Oil & Gas Training develops the practical capability required to interpret contractual commitments, monitor obligations and maintain disciplined compliance throughout the petroleum asset lifecycle.

Oil and gas contracts establish the commercial, technical, financial and governance rules that determine how petroleum assets are operated, funded, developed and reported. Joint operating agreement obligations define responsibilities between participating interests, operators and non-operating partners. Production sharing contract terms adherence governs commitments to governments and regulators, while host government agreement obligations establish additional requirements connected with infrastructure, development, fiscal arrangements, local participation and government interfaces. Contract compliance therefore extends well beyond reviewing contractual clauses. It requires an integrated understanding of operational commitments, accounting requirements, governance procedures, expenditure controls, reporting duties, approval mechanisms and contractual remedies.

This course addresses the skills gap that arises when contract obligations are distributed across legal, commercial, finance, operations, subsurface, procurement and asset management functions. Professionals often work with individual elements of an agreement without having a complete view of how obligations interact. A work programme commitment can affect expenditure approvals. A partner voting requirement can affect operational authority. An accounting procedure can determine whether costs are recoverable. A licence condition can influence operational continuity. A missed minimum work obligation can create significant contractual exposure.

The programme provides a structured approach to identifying, interpreting, recording and monitoring contractual obligations across the petroleum value chain. Participants examine joint operating agreement obligations, accounting procedure compliance, work programme and budget commitments, minimum work obligations, production sharing contract terms adherence, host government agreement obligations and licence condition compliance.

Particular attention is given to the practical controls required to maintain compliance after a contract is signed. Participants examine obligation registers, responsibility matrices, approval workflows, reporting calendars, evidence requirements and escalation procedures. The course also explores partner consent and voting requirements, default and forfeiture provisions, notice requirements and the consequences associated with non-performance.

Contract compliance is especially important in multi-party petroleum ventures because operational decisions frequently depend on contractual authority and partner governance. Operators need to demonstrate that expenditure, procurement, technical activities and development decisions comply with agreed procedures. Non-operating partners require sufficient visibility to verify that the operator is acting within its authority. Government-facing obligations require accurate monitoring of commitments and reporting. Finance teams require reliable contract interpretation to support cost allocation, recovery and financial reporting.

Institute For Oil & Gas Training positions contract compliance as an integrated business control rather than a purely legal function. The course connects contractual language with operational processes so participants understand how obligations are translated into practical controls. It also develops the ability to identify compliance gaps before they become disputes, defaults, financial exposures or operational interruptions.

Participants work with realistic petroleum contract scenarios involving competing interests, approval thresholds, budget revisions, development commitments, expenditure recovery, reporting requirements and contractual remedies. The programme is designed for professionals who need to manage contractual obligations confidently across the operating company, joint venture and host government environment.

Objectives

  • Develop a structured understanding of Contract Compliance across JOAs, PSCs and HGAs

  • Interpret joint operating agreement obligations and translate them into operational controls

  • Identify accounting procedure compliance requirements affecting petroleum joint ventures

  • Monitor work programme and budget commitments throughout the asset lifecycle

  • Assess minimum work obligations and establish appropriate monitoring mechanisms

  • Strengthen production sharing contract terms adherence across technical, financial and operational activities

  • Understand host government agreement obligations and their impact on project execution

  • Identify licence condition compliance requirements and integrate them into operational planning

  • Apply appropriate controls for partner consent and voting requirements

  • Understand approval thresholds, reserved matters and operator authority

  • Establish effective contract obligation registers and compliance matrices

  • Improve coordination between legal, commercial, finance, operations and asset management teams

  • Identify potential contractual non-compliance before it develops into a dispute or default

  • Understand default and forfeiture provisions and the importance of contractual procedures

  • Strengthen evidence management for demonstrating fulfilment of contractual obligations

  • Improve reporting, escalation and governance processes associated with petroleum contracts

  • Apply practical methods for monitoring contractual deadlines, commitments and deliverables

  • Support stronger joint venture governance through consistent contract compliance practices

  • Improve the quality and traceability of contract-related decisions

  • Develop practical approaches for managing contractual obligations across multiple stakeholders

  • Strengthen organisational readiness for contract audits, partner reviews and government-facing assessments

Training methodology

The Contract Compliance Across JOAs, PSCs & HGAs Training Course uses an applied corporate training methodology centred on real-world petroleum contract management situations. The delivery approach connects contractual provisions with the operational, financial and governance activities that determine whether obligations are actually fulfilled.

Contract Interpretation Exercises

Participants analyse representative clauses from joint operating agreements, production sharing contracts and host government agreements. Exercises focus on identifying the obligation, responsible party, trigger event, deadline, evidence requirement and contractual consequence.

Case Study Analysis

Case studies examine situations involving missed work programme commitments, disputed expenditure, inadequate approvals, incomplete reporting and partner disagreements. Participants assess the contractual requirements and develop appropriate compliance responses.

Compliance Mapping

Participants create practical obligation maps linking contract clauses to responsible departments, operational activities, required approvals, reporting deadlines and supporting evidence. This approach demonstrates how organisations convert contractual commitments into manageable business controls.

Contractual Scenario Simulations

Scenario-based exercises replicate decisions involving operator authority, partner consent and voting requirements, budget changes and emergency operational actions. Participants assess whether proposed actions fall within the relevant contractual authority.

Group Exercises

Cross-functional group exercises bring together legal, commercial, finance, operations and asset management perspectives. Teams assess the same contractual situation from different organisational viewpoints and establish coordinated compliance actions.

Contract Compliance Registers

Participants explore the design and use of obligation registers that capture contractual commitments, responsible owners, due dates, evidence requirements, status and escalation points. The approach supports consistent monitoring across complex petroleum portfolios.

Default and Remedy Scenarios

Practical exercises address contractual non-performance, notices, cure periods, default events and default and forfeiture provisions. Participants consider the importance of timely escalation, documentation and contractual procedure.

Real-World Operational Context

The methodology consistently connects contract provisions with petroleum operations. Examples cover exploration commitments, development programmes, procurement, expenditure approval, production reporting, cost recovery, government obligations and joint venture governance.

Organisational impact

Effective Contract Compliance provides organisations with stronger control over the commitments that govern petroleum assets. The course supports organisations in establishing consistent processes for identifying obligations, assigning responsibility and monitoring performance.

Stronger Joint Venture Governance

Organisations gain clearer mechanisms for managing joint operating agreement obligations. Contractual authority, approval requirements and partner responsibilities become easier to monitor, reducing ambiguity between operators and participating interests.

Better Expenditure Control

Accounting procedure compliance and budget governance receive greater attention through structured contract monitoring. Finance and commercial teams gain stronger visibility of contractual requirements affecting expenditure approval, cost allocation and recoverability.

Improved Work Programme Management

Systematic monitoring of work programme and budget commitments helps organisations track contractual deliverables alongside operational plans. Management teams gain clearer visibility of upcoming obligations and required decisions.

Reduced Contractual Exposure

Early identification of missed obligations provides organisations with an opportunity to escalate issues through established governance channels. Obligation registers, evidence controls and compliance reviews support more disciplined management of contractual exposure.

Stronger Government Compliance

Production sharing contract terms adherence, host government agreement obligations and licence condition compliance require coordination across multiple departments. The course supports a more integrated approach to government-facing commitments.

More Effective Partner Decision Making

Clear understanding of partner consent and voting requirements helps organisations distinguish between decisions that fall within operator authority and matters requiring partner approval. This supports more controlled joint venture decision processes.

Improved Audit Readiness

Documented obligations, approvals, reports and supporting evidence provide a stronger foundation for internal reviews, partner audits and contractual assessments. Teams develop greater consistency in maintaining evidence of compliance.

Better Contract Lifecycle Management

The course connects contract compliance with planning, execution, reporting, review and close-out activities. Organisations gain a lifecycle approach rather than treating compliance as a periodic contractual review.

Clearer Accountability

Assigning contractual obligations to accountable functions improves ownership across legal, commercial, finance, operations, procurement, projects and asset management teams. This strengthens follow-through on contractual commitments.

More Disciplined Default Management

Understanding default and forfeiture provisions enables organisations to recognise the significance of non-performance and respond according to contractual procedures. This strengthens escalation and documentation practices.

Personal impact

Participants develop practical contract management capability that supports their responsibilities across petroleum operations and commercial activities. The course strengthens the ability to connect contractual requirements with day-to-day business decisions.

Stronger Contract Interpretation

Professionals become more confident in identifying obligations, rights, approvals, deadlines and remedies within complex petroleum contracts. They learn to distinguish general contractual language from provisions that require specific operational controls.

Improved Compliance Monitoring

Participants gain practical methods for tracking obligations, deadlines, responsible owners and supporting evidence. This improves their ability to maintain contract compliance throughout the asset lifecycle.

Enhanced Commercial Awareness

The programme strengthens understanding of how contractual provisions affect expenditure, budgets, cost recovery, partner relationships and project execution. Participants develop a broader commercial perspective alongside their existing technical or functional expertise.

Better Cross-Functional Collaboration

Professionals gain a common framework for communicating contract requirements with legal, finance, commercial, operations, procurement and asset teams. This improves the translation of contractual requirements into coordinated business actions.

Greater Confidence in Joint Venture Governance

Participants develop a clearer understanding of partner consent and voting requirements, operator authority, reserved matters and governance procedures. This supports more structured participation in joint venture decision making.

Improved Risk Identification

The ability to identify contractual gaps, missed deadlines, incomplete evidence and potential defaults strengthens proactive risk management. Participants become better equipped to escalate emerging compliance concerns.

Stronger Career Capability

Contract compliance expertise is relevant across petroleum legal, commercial, finance, contracts, joint venture, asset management and operations functions. Participants develop transferable skills applicable to complex multi-party energy projects.

Who should attend

Contract and Commercial Professionals

Contract managers, commercial managers and contract specialists responsible for monitoring petroleum agreements and contractual performance.

Joint Venture Professionals

Joint venture managers, JV analysts and governance specialists who manage participating interests, partner interactions and contractual decision processes.

Legal and Legal Support Teams

In-house counsel, legal advisers and contract lawyers who require stronger operational understanding of how petroleum contract obligations are implemented.

Finance and Accounting Professionals

Finance managers, accountants and cost specialists responsible for accounting procedure compliance, expenditure controls, cost allocation and contractual financial requirements.

Asset Managers

Asset managers and portfolio professionals who need to connect contractual commitments with operational plans, budgets and asset performance.

Operations Professionals

Operations managers, production managers and field-based leaders responsible for activities governed by contractual and licence obligations.

Project and Development Teams

Project managers, development managers and engineering leaders who manage work programmes, budgets, development commitments and partner approvals.

Procurement Professionals

Procurement managers and specialists whose activities must comply with contractual authority, approval requirements, partner procedures and expenditure controls.

Regulatory and Compliance Professionals

Compliance managers, regulatory specialists and governance professionals responsible for monitoring licence conditions and government-facing commitments.

Senior Management

Directors, general managers and senior managers overseeing petroleum assets, joint ventures or contractual relationships who require an integrated view of compliance exposure and governance.

Course outline

This module establishes the core principles of Contract Compliance across the petroleum contract lifecycle. It examines how contractual commitments are identified, classified, assigned and monitored across JOAs, PSCs, HGAs and associated licences. Participants develop a structured approach to distinguishing operational obligations, financial commitments, governance requirements and government-facing duties.

  1. AIPN Model JOA

    • Provides an established industry model for structuring petroleum joint operating arrangements

    • Defines common concepts relating to operatorship, participating interests and joint operations

    • Provides a useful reference for understanding contractual allocation of responsibilities

    • Supports analysis of approval, voting, expenditure and operational provisions within JOA structures

    Learning Outcomes

    • Explain the principal components of petroleum contract compliance

    • Identify contractual obligations across complex petroleum agreements

    • Distinguish operator responsibilities from partner responsibilities

    • Build a practical obligation tracking structure

    • Establish clear ownership for contractual deliverables

    • Recognise interfaces between contractual and regulatory obligations

This module focuses on the governance and financial controls that underpin joint operating arrangements. Participants examine accounting procedure compliance, partner funding obligations, expenditure approvals, operator authority and partner consent and voting requirements. The module connects financial procedures with contractual governance so that participants understand how decisions and expenditure remain within agreed authority.

  1. IFRS 11 Joint Arrangements

    • Establishes accounting principles for interests in joint arrangements

    • Provides a recognised framework for distinguishing joint operations from other joint arrangement structures

    • Supports consistent consideration of rights and obligations associated with joint operations

    • Provides relevant accounting context for professionals involved in petroleum joint venture reporting

    Learning Outcomes

    • Explain the relationship between JOA governance and accounting controls

    • Identify accounting procedure compliance requirements

    • Assess when partner consent is required

    • Apply structured approaches to approval and voting provisions

    • Improve monitoring of expenditure and partner funding requirements

    • Strengthen coordination between finance, commercial and contract teams

This module examines the contractual commitments that drive exploration, appraisal, development and production activities. Participants focus on work programme and budget commitments, minimum work obligations and production sharing contract terms adherence. The module demonstrates how contractual commitments are converted into operational plans, budgets, reporting processes and evidence.

  1. AIPN Model PSC

    • Provides an established industry model for production sharing contract structures

    • Illustrates common contractual approaches to petroleum exploration and production rights

    • Provides context for analysing contractor commitments, government interests and petroleum operations

    • Supports structured review of provisions governing work programmes and contractual performance

    Learning Outcomes

    • Monitor work programme and budget commitments systematically

    • Identify minimum work obligations within PSC structures

    • Apply practical methods for production sharing contract terms adherence

    • Link contractual commitments with operational planning

    • Track milestones, expenditure and supporting evidence

    • Recognise potential commitment shortfalls and escalation requirements

This module addresses the relationship between contractual obligations, host government requirements and petroleum licence conditions. Participants examine host government agreement obligations and licence condition compliance as interconnected elements of petroleum asset governance. The focus is on translating government-facing commitments into accountable internal processes.

  1. ISO 37301 Compliance Management

    • Provides an internationally recognised framework for compliance management systems

    • Supports systematic identification and management of compliance obligations

    • Encourages clear responsibilities, monitoring and reporting processes

    • Provides a structured basis for integrating compliance into organisational governance

    Learning Outcomes

    • Identify host government agreement obligations

    • Develop practical controls for licence condition compliance

    • Connect regulatory requirements with contractual obligations

    • Establish clear responsibility for government-facing deliverables

    • Improve regulatory reporting and evidence management

    • Strengthen organisational compliance monitoring processes

The final module brings together the course themes through a focus on contractual non-performance, remedies and ongoing assurance. Participants examine default and forfeiture provisions, cure mechanisms, notices, escalation processes and the importance of maintaining evidence. The module also develops practical approaches for sustaining compliance through contract reviews and assurance activities.

  1. ISO 31000 Risk Management

    • Provides internationally recognised principles for systematic risk management

    • Supports identification, assessment and treatment of risks arising from contractual non-performance

    • Encourages integration of risk management into organisational decision making

    • Provides useful principles for establishing structured contract compliance assurance processes

    Learning Outcomes

    • Identify potential contractual defaults and compliance gaps

    • Interpret default and forfeiture provisions within their contractual context

    • Establish structured escalation and corrective action processes

    • Strengthen contract compliance assurance and review activities

    • Improve evidence management for contractual performance

    • Integrate compliance monitoring into contract lifecycle management

    • Apply a structured approach to managing contractual exposure

Certificate

Attendees receive a Certificate of Completion from Institute For Oil & Gas Training upon successfully finishing the course. The certificate confirms completion of the programme and requires attendance throughout the scheduled course delivery.

Course dates

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £4,100

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £4,100

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £4,100

  • Europe

    Middle East

    Asia

    Africa

    North America

    Online

    Fee: £4,100

Fees include tuition, course materials and refreshments. Need different dates or a different city? Ask about your preferred date.

Frequently asked questions

What is covered in Contract Compliance across JOAs, PSCs and HGAs?

The course covers joint operating agreement obligations, accounting procedure compliance, work programme and budget commitments, minimum work obligations, PSC terms, host government agreements, licence conditions, partner approvals and contractual remedies.

Who benefits from this Contract Compliance course?

The programme is designed for contract, commercial, legal, finance, joint venture, asset management, operations, project, procurement, regulatory and senior management professionals working with petroleum contracts.

How is the course delivered?

Institute For Oil & Gas Training uses practical case studies, contract interpretation exercises, compliance mapping, group exercises, simulations and realistic petroleum scenarios to connect contractual provisions with operational decisions.

What skills will participants develop?

Participants develop practical skills in obligation identification, compliance monitoring, contract governance, partner approval processes, work programme tracking, financial compliance, regulatory interfaces, evidence management and default management.

What certificate is provided after completing the course?

Attendees receive a Certificate of Completion from Institute For Oil & Gas Training upon finishing the course, subject to attendance throughout the scheduled course delivery.

Next: 18 Jan 2027

4 dates available

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