Risk Service Contract

Developing marginal fields are technically challenging and capital intensive. Oil and gas companies must understand the characteristics of RSC to optimize the…

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Level: Basic
Type: Classroom

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Our training programs are promoted to engineers, supervisors, and technical teams across the globe, supporting their continuous development and operational competency.

About Training

Developing marginal fields are technically challenging and capital intensive. Oil and gas companies must understand the characteristics of RSC to optimize the production capacities in marginal fields.

Our Risk Service Contract course is developed to help you learn the rational of RSC and how to maximize on its potential to benefit all the parties and at the same time balancing the risks inherent in RSC.

Course Design Focuses on Characteristics of RSC
This course focuses on the characteristics of Risk Service Contracts to provide a firm foundation of the principles involve in RSC from both NOC and Operator’s perspectives.

Includes Specific and Practical Case Studies
Discussion and review of case studies around the world on Risk Service Contracts are enhanced with interactive workshop sessions.

You will also learn the difference between RSC and PSC by understanding the fundamentals of both contracts. In addition to that, you will also be able to better allocate and manage the risk in RSC in order to protect the interests of both parties in an RSC.

Training Objectives

Optimize Production Capacities
- Govern contracts recovery of main oilfields through a firm foundation of the knowledge involved in RSC to optimize the production capacities.
Attain Best Position
- Attain best position in Risk Service Contracts by understanding the role of each parties in provision of services in RSC.

Audiences

People involved in Risk Service Contract—drafting, negotiation and management.
People involved in developing marginal fields.

Job Titles Include:

Contract Analyst
Contract Administrators
Legal Executives
Contract Engineers
Legal Counsels
Project Managers
Commercial Managers

Instructor

Atty. Primila Edwards

Primila Edward leads the Straits Consulting Group as the Principal Legal Consultant. The firm provides specialized legal and strategic risk management consultancy for transactional and advisory work in the Oil & Gas, Maritime and Construction sectors. From her years of practice, Primila has gained extensive experience in handling cross-border transactions and complex multi-million dollar projects. Among her industry affiliations, she was the President of the Malaysian Corporate Counsel Association, a member of the Malaysian Institute of Arbitrators. Recently she has also been awarded the accolade of ‘2011 Shipping Lawyer of the Year in Malaysia’ by Corporate INTL UK.

Primila has a considerable experience in the oil and gas maritime and construction sector. In almost 30 years she has practiced English law in common law jurisdictions include working in England, Malaysia, Singapore, and Australia. She has also advised and negotiated contracts and handled legal issues in countries of civil law jurisdictions like Vietnam, Indonesia, Thailand, Italy, France and Brazil.

She has gained wide experience in the industry and acted as an in-house counsel and consultant for many oil and gas public-listed companies including Bumi Armada Berhad, Malaysia Marine and Heavy Engineering Berhad, and Hoang Long Joint Operating Company Vietnam. She has negotiated EPC, FPSO contracts, Charter
Party, Shipbuilding, Ship Conversion and Ship-repair contracts and evaluated tenders and assisted in the preparation of tenders with ENI, AFREN, HOANG LONG JOC, SHELL & PETRONAS. Among her experiences she has advised and negotiated to manage inherent risks including the following:

Construction
Negotiation and preparation of agreements relating to the development, construction and operation of plants, refineries and petrochemical facilities pipelines, gas processing Engineering and Manufacturing, Power Generation, in particular EPC, EPCC, EPCM, EPCIC, Alliance, Turnkey, FIDIC, FPSO Conversion and Construction, Shipbuilding agreements.

Commercial
Identifying of risks within company’s business strategies and advising on risk management in all activities of the company both for domestic and international matters. Managing litigation and arbitration matters and instructing the company’s external lawyers and experts covering matters that relate to Oil & Gas, Petrochemical,
Maritime and Shipping Infrastructure, Construction, Mining and Financing. Structuring, negotiating and documentation of agreements in energy-related disputes, including advice in commercial litigation and ADR strategy and in construing and analyzing complex transactions.

Aside from law practice, Primila also contributes to the legal society as an author in publications such as Getting The Deal Through-Shipping 2011; as columnist for Malaysian Business on the Oil and Gas industry; and as Senior Writer for the Oil and Gas Asia Business Review and Business Plus magazines.

Primila has gained her law degree in the United Kingdom, and has practiced law in England, Malaysia, Singapore, and Australia.

Daily Aims

DAY 1 Introduction to Oil and Gas Field Development

Contracts Fundamental
Overview of Service Contracts
Risk Service Contracts

DAY 2 Framework and Terms for Risk Service Contracts

Framework for Marginal Fields Risk Service Contracts
Salient Terms of Risk Service Contracts
Workshop Session:

DAY 3 Contractual Risk Management and Recovery of Cost

Contractual Risk Management post –Macondo
Recovery of Costs by Operator
Interactive Workshop Session
Conclusion

Training Schedule

Upcoming Trainings Past Trainings

Code	Start Date	End Date	Locations	Cost	Instructor
PST0369-201601	25 Jan, 2016	07 Dec, 2016	Kuala Lumpur, Malaysia	USD 2,895	Atty. Primila Edwards

Why Choose This Training

Credibility

Align with API/ASME standards. Trusted by major operators.

Expert Instructors

Led by industry veterans with real field experience.

Real Case Studies

Practical application of concepts through real world scenarios.

Practical Skills

Hands on calculations and decision making for FFS outcomes.

Trusted by Operators

Delivered to Aramco, ADNOC, SABIC, and other major operators.

Global Training Standard

Recognized across major industries by PetroSync's proven approach.

Professional Training Aligned with Industry Standards

Practical, industry ready training designed for real work environments

Free Consultation

Limited seats available

Frequently Asked Questions

What types of training programs does PetroSync offer?

PetroSync offers various training programs for the oil, gas, petrochemical, and energy industries, such as API, ASME, Reliability, Drilling & Well Engineering.

Are training sessions conducted online or in person?

PetroSync provides both online and in-person training options to accommodate participants' preferences and needs.

How long is the duration of PetroSync's training programs?

The duration of each program varies, typically ranging from 3 to 5 days, depending on the complexity of the topic.

Do these courses include practical sessions?

Yes, most PetroSync courses include practical exercises, case studies, and real-world applications to enhance learning outcomes.

Are there specific courses for beginners or professionals new to the industry?

Yes, PetroSync offers foundational courses designed for beginners, as well as advanced programs for experienced professionals.

How do I register for a training program?

You can register directly through the following link: https://www.petrosync.com/training/ by selecting your desired training program.

What payment methods are accepted?

PetroSync accepts two payment methods:

Direct Transfer

PetroSync Global Pte Ltd Bank Details:
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Terms & Conditions:
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Credit Card:
Terms & Conditions:
- A 4% credit card processing fee applies for credit card payments.

Is there a discount for group registrations?

Yes, PetroSync offers special discounts for group registrations. Please discuss this with our Sales Team by filling out the form on the designated page first.

Is there a refund policy for cancellations?

Delegates who cancel after the training has been officially confirmed via email are required to pay the full course fee, and no refunds will be granted. However, you may substitute delegates at any time as long as reasonable advance notice is given to PetroSync.
If PetroSync cancels, postpones, changes the trainer, or alters the training location (classroom/virtual) for any reason, and the delegate is unable or unwilling to attend on the rescheduled date, a 100% credit voucher of the paid contract fee will be issued. This credit voucher can be used for another PetroSync training program, subject to mutual agreement, within one year from the postponement date.
PetroSync is not responsible for any loss or damage resulting from the cancellation policy and assumes no liability if the event is canceled, rescheduled, or postponed due to force majeure (e.g., natural disasters, war, government actions, industrial actions).

What happens if the training schedule is changed?

If PetroSync cancels, postpones, changes the trainer, or alters the training location (classroom/virtual) for any reason, and the delegate is unable or unwilling to attend on the rescheduled date, a 100% credit voucher of the paid contract fee will be issued. This credit voucher can be used for another PetroSync training program, subject to mutual agreement, within one year from the postponement date.

Will I receive a certificate upon completing the course?

Yes, participants who complete the training will receive either an attendance certificate or a completion certificate, depending on the course requirements.

Are PetroSync courses internationally recognized?

Yes, PetroSync courses adhere to international standards , with expert instructors in fields such as API, ASME, Reliability, and Drilling & Well Engineering.

Can this certificate be used for professional certification requirements?

Yes, PetroSync certificates are widely recognized and can be used to fulfill professional development and certification requirements across various industries.

Can I customize a training program for my team?

Yes, PetroSync offers customized training programs tailored to your organization's specific needs (In-house Training).

What training materials will I receive during the course?

Participants will receive comprehensive training materials , including slides, handouts, and direct learning from experts with case studies related to the training topic.

Who conducts the training sessions?

PetroSync trainers are industry experts with extensive experience as instructors and consultants in their respective fields, providing professional training with a strong background in the industry.

Can I review the trainer's profile before registering?

Yes, trainer profiles, including their qualifications, experience, and expertise, are available on the website: https://www.petrosync.com/training/.

What platform is used for online training?

Online training sessions are conducted via user-friendly platforms such as Zoom Premium.

What are the technical requirements for online courses?

To access PetroSync Online Training, participants need:

A computer or laptop (tablets or smartphones are not recommended)
A reliable broadband internet connection (minimum 4 Mbps)
A webcam and a headset
Any internet browser (Chrome browser recommended for a better experience)
A reasonably quiet place

Are there Q&A sessions during the course?

Yes, PetroSync provides live Q&A sessions with instructors to address real-world challenges encountered during training.

What is the average number of participants in PetroSync's training programs?

The average number of participants varies depending on the topic and participants’ schedules.

How is my personal information protected when registering for a course?

The information you provide will be safeguarded by PetroSync and may be used to keep you informed of relevant products and services.
As an international group, we may transfer your data globally for the purposes indicated above.
If you do not wish to share your information with other reputable companies, please tick the box on the registration form.

How can I contact PetroSync for more information?

Please fill out the form on the designated page first. Our team will reach out to you within a maximum of 2x24 hours.

Where can I find the latest training schedule?

The latest training schedule is available on the website: https://www.petrosync.com/training/.