Objectives

• Comprehensively understand the legal principles of Oil and Gas contracts
• Understanding licensing, production sharing and service contracts
• Identifying the risk factors and managing those risks
• The relevant legal and regulatory frameworks at lay in the Oil and Gas industry
• Know how to use appropriate contractual clauses in Oil and Gas contracts
• Assess the best dispute resolution methods and how it will apply in different scenarios

Who Should Attend?

• Legal managers, legal counsel
• Commercial and Business managers
• Contracts administrators and managers
• Commercial, financial and insurance professionals
• Project and General Management

Outline

Introduction to Oil and Gas Contracts, Licensing and Production Rights

• Principal licensing and contractual arrangements
• Upstream and downstream contracting
• Financing in the international oil & gas industry
• Specific Risks in Upstream & Downstream contracts
• Contractual claims and resultant disputes
• The role of negotiation strategies in dispute avoidance under oil & gas contracts

Emergence of New Contractual Arrangements

• The Modern Concession Contracts
• The Production Sharing Contracts
• Participation Agreements and joint operation agreements (JOA)
• Service Contracts, Pure Service Contracts, Risk Service Contracts
• Environmental impacts in the context of protection policies and requirements
• Regulatory framework, institutional factors and infrastructure
• Comparative Analysis of the different contract forms

Stabilisation Clauses and International Petroleum Agreements

• Stabilisation clauses defined
• Typology of Stabilisation Clauses
• Validity and Efficacy of the Stabilisation Clause
• Stabilisation Clauses and the National and International Law
• The Re-negotiability of International Petroleum Agreements: Stability v. Flexibility
• The Triggering Events for Renegotiation
• Case studies

Risk Allocation - Hold Harmless Clauses and Exclusion Clauses in the Offshore Industry

• Indemnity and exclusion clauses: why the need
• Distinctions and definitions: indemnity vs. exclusion vs. limitation
• Mutual hold harmless – the ‘knock for knock’ regime
• Forms of exclusion clauses (and why it matters) Common carve-outs from
• Termination clauses and disputes
• Right to terminate under applicable law & its consequences

Methods of Dispute Resolution under Cross Border/International Agreements

• Arbitration & Mediation – Important differences
• Mediation and conciliation, adjudication, dispute boards- save time and costs
• Enforcement of international arbitration awards under the New York Convention
• Contemporary Developments in case law and legislation

Certificates

A Certificate of Completion will be issued to those who attend & successfully complete the programme.

Schedule

  08:30 – 10:15 First Session

 10:15 – 10:30 Coffee Break

10:30 – 12:15 Second Session

 12:15 – 12:30 Coffee Break

12:30 – 14:00 Third Session

 14:00 – 15:00 Lunch

 Fees

 The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is: