Understanding and Negotiating International Oil and Gas Contracts

Guiding you through the commercial and legal complexities of cross border agreements in the oil and gas industry to effectively manage your risk

Attend this three-day interactive programme to:

  • Get to grips with the challenges of working with different jurisdictions and regulatory authorities compliantly
  • Review the content and structure of licensing agreements to ensure you have the right permit to drill and develop
  • Develop your knowledge of JOA agreements to build successful joint venture partnerships
  • Gain insights into implied terms to avoid misinterpretation and costly dispute
  • Evaluate the types of EPC agreements and what structure is the best fit for your purpose
  • Learn how to interpret and draft key clauses common in oil and gas agreements
  • Improve your technical legal writing skills to produce watertight contracts that deliver
  • Benefit from the trainers unparalled techniques and tactics for negotiations from the operator, contractor  and government perspective
  • Build your understanding through drafting exercises and workshops under the guidance of our expert trainer with current and best practice experience of all areas of agreements in Oil and Gas

 

What is the programme about?

Discoveries of oil and gas generate much excitement and anticipation but the full commercial value of any discovery cannot be realised unless the right agreements are in place. Negotiating agreements which often involve multiple parties including governments is a complex process that requires a detailed understanding of fiscal parameters, the key areas of risk, and the timelines to ensure you are not exposed to legal, commercial or financial risk.

This unique two-day programme, specifically targeted to Commercial and business executives, is designed to help you navigate the process and deal confidently with the risks and benefits of oil and gas industry agreements. It will identify the key areas that oil and gas companies should focus on during the negotiation and provides up  to date guidance regarding the essential issues,  main process steps and documentation, contract structure and jurisdictional regulations and timelines.

This programme is a ‘must-attend’ for anyone involved in the negotiations, drafting and finalising of oil and gas agreements.

  • Commercial Manager and Executives
  • Contract Managers, Engineers and Analysts
  • Business Development Managers
  • New Venture Managers and Executives
  • Country Managers
  • Procurement and Purchasing Managers
  • Financiers Involved in Project Finance, Investment Analysis and Syndicated Lending
  • Government and Joint Venture Owners Involved in Sponsoring/Assessing Project Finance Deals
  • Accountants and Lawyers Needed to Understand in More Detail the Challenges Specific to the oil and Gas Industry
     



 

 

Day 1

Types of Contract

Oil & gas field development licensing agreements with government

  • Obtaining the pre-requisite government license and permits to drill, develop and produce hydrocarbons, including technical, safety and fiscal matters

  • General principles, government rights and obligations

  • Exploration phase and Production phase agreements

  • Concessionaire (operating company) rights and obligations

  • Fiscal metering, taxation, cost allowance, dispute resolution


Working with different country jurisdictions and regulatory authorities

  • Process steps and documentation required in major multinational and cross-border jurisdictions to correctly interpret and comply with relevant regulations and fiscal regimes involved in drilling, exploration & production

  • Jurisdictions, government rights and obligations

  • Exploration phase and production phase agreements

  • Concessionaire (operating company) rights and obligations

  • Fiscal metering, taxation, cost allowance, dispute resolution


Oil & gas field joint operating agreements and partnership

  • Negotiating and finalising partners’ agreements to drill develop and produce hydrocarbons, including technical, safety and fiscal matters

  • Typical agreement and provisions

  • Key issues and production sharing contract (PSC)

  • Technology and intellectual properties transfer

  • Concessions, dispute resolution, termination


Workshop session: Reviewing and examining the key contractual challenges in JOA’s Engineering Procurement & Construction (EPC) and other types of contracts
Negotiating and creating EPC contracts to design, procure and construct hydrocarbons facilities, including technical, safety and fiscal matters
  • Traditional EPC contract

  • Partial EPC contract

  • Non-EPC contract

  • EPCM / Turnkey contract


Drill rig and platform hire agreements and check lists
Negotiate and finalising drilling rig hire agreements to find, assess hydrocarbons reserves, including technical, safety and fiscal check lists

  • Operational parameters and limitations

  • What’s included and not included (equipment)

  • Responsibilities, risks, liabilities, dispute resolution

  • Costs, insurance, safety, quality, maintenance


Day 2


STANDARD TERMS AND CONDITIONS OF AGREEMENTS

Warranties and guarantees, including third parties
Negotiating and agreeing warranties and guaranties, including subcontractors and third parties involved in drilling, exploration & production

  • Key performance indicators and clauses
  • Performance and equipment guarantees
  • Contract liability and penalty clauses
  • Liquidated damages (non-performance)


Insurance indemnity and hold-harmless clauses
Negotiating and agreeing insurance clauses, exclusions, Force-Majeure, hold-harmless etc., involved in drilling, exploration & production

  • Pre-insurance acceptance negotiations
  • Major risk types considered
  • Agreement of policy type, clauses and cost
  • Excess, hold-harmless, and other qualifications


Contractual liabilities and indemnities, legal aspect and disputes
Negotiating and agreeing contract, project and product liabilities, including subcontractors and third parties involved in drilling, exploration & production

  • Pre-litigation negotiations
  • Litigation and out of court settlement
  • Arbitration and mediation pros and cons
  • Other third party expert determinations

Workshop session: Reviewing and examining the key clauses used in Oil and Gas agreements
Political and Environmental risk, mitigation and management

 
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Course Testimonials

“Excellent inclusiveness from start to finish. High quality lecturer & staff to support & reach required outcomes.”
 

Sian Warner, Financial Controller Guralp Systems Limited

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Dates & Locations



This course is only available as a custom course tailored for your business, contact us to discuss your requirements.