Upstream Oil and Gas Contracts

Course Info

Length: 1 Week

City: Istanbul

Type: In Classroom

Available Dates

  • Apr-29-2024

    Istanbul

  • May-27-2024

    Istanbul

  • June-24-2024

    Istanbul

  • July-29-2024

    Istanbul

  • Aug-26-2024

    Istanbul

  • Sep-30-2024

    Istanbul

  • Oct-28-2024

    Istanbul

  • Nov-25-2024

    Istanbul

  • Dec-30-2024

    Istanbul

Dates in Other Venues

  • Apr-01-2024

    Paris

  • Apr-01-2024

    Singapore

  • Apr-08-2024

    Barcelona

  • Apr-08-2024

    Dubai

  • Apr-15-2024

    London

  • Apr-15-2024

    Amsterdam

  • Apr-22-2024

    Kuala Lumpur

  • May-06-2024

    Singapore

  • May-06-2024

    Paris

  • May-13-2024

    Dubai

  • May-13-2024

    Barcelona

  • May-20-2024

    Amsterdam

  • May-20-2024

    London

  • May-27-2024

    Kuala Lumpur

  • June-03-2024

    Paris

  • June-03-2024

    Singapore

  • June-10-2024

    Barcelona

  • June-10-2024

    Dubai

  • June-17-2024

    Amsterdam

  • June-17-2024

    London

  • June-24-2024

    Kuala Lumpur

  • July-01-2024

    Singapore

  • July-01-2024

    Paris

  • July-08-2024

    Dubai

  • July-08-2024

    Barcelona

  • July-15-2024

    Amsterdam

  • July-15-2024

    London

  • July-22-2024

    Kuala Lumpur

  • Aug-05-2024

    Singapore

  • Aug-05-2024

    Paris

  • Aug-12-2024

    Barcelona

  • Aug-12-2024

    Dubai

  • Aug-19-2024

    Amsterdam

  • Aug-19-2024

    London

  • Aug-26-2024

    Kuala Lumpur

  • Sep-02-2024

    Paris

  • Sep-02-2024

    Singapore

  • Sep-09-2024

    Dubai

  • Sep-09-2024

    Barcelona

  • Sep-16-2024

    London

  • Sep-16-2024

    Amsterdam

  • Sep-23-2024

    Kuala Lumpur

  • Oct-07-2024

    Paris

  • Oct-07-2024

    Singapore

  • Oct-14-2024

    Barcelona

  • Oct-14-2024

    Dubai

  • Oct-21-2024

    Amsterdam

  • Oct-21-2024

    London

  • Oct-28-2024

    Kuala Lumpur

  • Nov-04-2024

    Paris

  • Nov-04-2024

    Singapore

  • Nov-11-2024

    Barcelona

  • Nov-11-2024

    Dubai

  • Nov-18-2024

    Amsterdam

  • Nov-18-2024

    London

  • Nov-25-2024

    Kuala Lumpur

  • Dec-02-2024

    Paris

  • Dec-02-2024

    Singapore

  • Dec-09-2024

    Dubai

  • Dec-09-2024

    Barcelona

  • Dec-16-2024

    Amsterdam

  • Dec-16-2024

    London

  • Dec-23-2024

    Kuala Lumpur

Course Details

Course Outline

5 days course

 

Bidding and tendering for oil and gas contracts
 
  • Tender preparations
  • Evaluation resources
  • Preparing your finished submission
  • Confidentiality at the bidding stage
  • Practical examples

 

Drafting Production Sharing Contracts – PSCs
 
  • Different approaches and levels of complexity
  • New PSC’s in key jurisdictions
  • The role of calculation
  • Understanding the formulas
  • The non-fiscal legal and contractual terms
  • Contractual terms and conditions
  • Royalties and taxes
  • Practical examples

 

 

Drafting agreements for farm-ins and farm-outs

 

  • The role of the ‘MAC’ clause
  • What is a ‘MAE’ clause?
  • Assignment of interest
  • Nature of the farm-out
  • Subject matter of the farm-out
  • Earning requirements
  • Interest assigned and reserved
  • Practical examples

 

Key equipment and materials contracts
 
  • Capital equipment agreements
  • Drafting equipment rental and lease agreements
  • MRO
  • Drilling equipment rental and lease agreement
  • Ensuring a reliable supply of materials in remote places
  • Practical examples

Multi-party contracting scenarios including teaming agreements

  • Contractors and sub-contractors creating a seamless support team
  • Teaming agreements – risks and rewards
  • Crude and production distribution agreements
  • Joint ventures in the oil industry
  • Practical examples

 

Production and decommission phase agreements
 
  • The main form of a crude oil sale agreement
  • Abandonment, decommissioning and restoration
  • The principle contracts for the end of the lifecycle of a petroleum field
  • Principle methods of payment under the agreement
  • Principle forms of crude oil sale agreements
  • The role of letters of credit
  • Practical examples

Course Video