Upstream Oil and Gas Contracts

Oil and Gas

Course Info

Duration: 1 Week

City: Dubai

Fees: 4,600

Type: In Classroom

Available Dates

  • Oct-10-2021

    Dubai

  • Nov-14-2021

    Dubai

  • Dec-12-2021

    Dubai

  • Dec-26-2021

    Dubai

  • Jan-09-2022

    Dubai

  • Feb-13-2022

    Dubai

  • Mar-13-2022

    Dubai

  • Apr-10-2022

    Dubai

  • May-08-2022

    Dubai

  • June-12-2022

    Dubai

  • July-10-2022

    Dubai

  • Aug-14-2022

    Dubai

Dates in Other Venues

  • Sep-27-2021

    Madrid

  • Oct-04-2021

    Kuala Lumpur

  • Oct-04-2021

    London

  • Oct-11-2021

    Istanbul

  • Oct-18-2021

    Paris

  • Oct-18-2021

    Geneva

  • Oct-25-2021

    Madrid

  • Nov-08-2021

    Kuala Lumpur

  • Nov-08-2021

    London

  • Nov-15-2021

    Istanbul

  • Nov-22-2021

    Paris

  • Nov-22-2021

    Geneva

  • Nov-29-2021

    Madrid

  • Dec-06-2021

    Kuala Lumpur

  • Dec-06-2021

    London

  • Dec-13-2021

    Istanbul

  • Dec-20-2021

    Paris

  • Dec-20-2021

    Geneva

  • Dec-27-2021

    Madrid

  • Jan-03-2022

    Kuala Lumpur

  • Jan-03-2022

    London

  • Jan-10-2022

    Istanbul

  • Jan-17-2022

    Paris

  • Jan-17-2022

    Geneva

  • Jan-24-2022

    Madrid

  • Feb-07-2022

    Kuala Lumpur

  • Feb-07-2022

    London

  • Feb-14-2022

    Istanbul

  • Feb-21-2022

    Paris

  • Feb-21-2022

    Geneva

  • Feb-28-2022

    Madrid

  • Mar-07-2022

    Kuala Lumpur

  • Mar-07-2022

    London

  • Mar-14-2022

    Istanbul

  • Mar-21-2022

    Paris

  • Mar-21-2022

    Geneva

  • Mar-28-2022

    Madrid

  • Apr-04-2022

    Kuala Lumpur

  • Apr-04-2022

    London

  • Apr-11-2022

    Istanbul

  • Apr-18-2022

    Paris

  • Apr-18-2022

    Geneva

  • Apr-25-2022

    Madrid

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