Modern Practices in Oil AND Gas Contracts, Licensing, Production Rights, Legislation and Agreements

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    Wednesday, 27 September 2017
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    96 Modern Practices in Oil AND Gas Contracts, Licensing, Production Rights, Legislation and Agreements /index.php/en/content_page/item/96-modern-practices-in-oil-and-gas-contracts-licensing-production-rights-legislation-and-agreements
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  • Categories
    Contract Management

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: