Oil and Gas Agreement Structuring

Introduction

The complexity of the oil and gas industries frequently results in projects being undertaken by joint ventures, alliances and other strategic groupings. Forming a successful alliance, whatever its format, is a complex process requiring a high degree of experience and expertise. In this course, an international legal expert in petroleum law, will discuss with participants why parties come together in a cooperative endeavour to undertake a phase of a project, the legal forms they might use in so doing, the relationships created by the forms and the principle legal and commercial issues that affect those relationships. This programme will prove invaluable to CEOs, COOs and CFOs engaged in major new, ongoing and potential ventures in the oil and gas sector, and also to their internal and external legal advisers

How this course will help you?

• The contract matrix in the oil & gas industry
• Key agreements and, examples of those agreements
• The relationship matrix from contractual and corporate perspectives
• The legal principles that shadow the relationships
• Specific issues affecting the relationships
• Hydrocarbon Business Chain
• Key Players
• Business Model
• Industry Risk & Uncertainty
• Contract Performance & Risk Management
• Governing Law & Contract Stability
• Resource Agreements
• Comparison of Fiscal Systems
• Evaluation of Fiscal Systems
• Economic Analysis
• Economics & Finance
• Special Terms for Natural Gas
• Stages, Contracts & Operations
• Joint Ventures
• Management of Operations
• Work Programmes
• Service & Supply Contracts
• Local Content
• Farmouts and Related Transactions
• Enhanced Oil Production
• Unitization
• Stages, Contracts & Operations
• Production Sales
• Transportation
• Crude Oil Sale
• Lifting Agreements
• Natural Gas Development
• Gas Sales & Purchase Agreement
• Project Optimization
• Transportation Options
• Gas Transportation Agreement
• LNG Shipping Agreements
• Multi-User LNG Terminals
• Floating Storage & Regasification Units
• Stages, Contracts & Operations
• Wholesale Contracts
• Retail Distribution Contracts
• Commodity Trading Contracts
• Natural Gas Distribution & Utilization
• Stages & Structures
• Acquisition Process
• Consents & Approvals
• Accounting
• Auditing
• PSC Audit Procedure
• Petroleum Law
• Legal Hierarchy
• Legal Function in Contracts
• Ethics
• Good Faith
• Negotiation Stages
• Contract Architecture
• Express and Implied Obligations
• Balancing Contracts
• Documentation
• Document Management
• Closings
• Sources of Disputes
• Alternative Dispute Resolution
• Post-Award Considerations
• Sovereign Immunity

Course Content