Contract Analysis & Negotiation Strategies
Ryder Scott recommends contract modifications, where needed, to establish mutually beneficial terms in operating and joint-venture agreements and production-sharing contracts (PSCs). Clients include both government agencies and E&P companies.
Ryder Scott tests and incorporates optional scenarios into economic models to evaluate their relative effects. The firm recommends ways for government agencies to be systematic in monitoring field-development compliance. Ryder Scott also represents government agencies and producers in matters involving PSC revisions, pipeline allowables, well-spacing exceptions, proposed maximum efficient rates of production, etc.
Ryder Scott provides support to state-owned, public and private oil companies during contract negotiations. The strong technical backgrounds of Ryder Scott personnel better position them to identify negotiating currencies.
Those personnel actively participate during negotiations, evaluating proposals and counterproposals and identifying opportunities and pitfalls.