Upstream Oil and Gas Contracts

Course Info

Length: 1 Week

Type: In Classroom

Available Dates

Venue

  • Oct-03-2022

    Madrid

  • Oct-03-2022

    Zurich

  • Oct-03-2022

    Singapore

  • Oct-03-2022

    Amsterdam

  • Oct-10-2022

    Kuala Lumpur

  • Oct-10-2022

    Barcelona

  • Oct-10-2022

    London

  • Oct-10-2022

    Paris

  • Oct-17-2022

    Singapore

  • Oct-17-2022

    Zurich

  • Oct-17-2022

    Dubai

  • Oct-17-2022

    Istanbul

  • Oct-24-2022

    Amsterdam

  • Oct-24-2022

    Barcelona

  • Oct-24-2022

    Paris

  • Oct-24-2022

    Kuala Lumpur

  • Oct-24-2022

    Madrid

  • Oct-31-2022

    London

  • Oct-31-2022

    Istanbul

  • Oct-31-2022

    Dubai

  • Nov-07-2022

    Barcelona

  • Nov-07-2022

    London

  • Nov-07-2022

    Kuala Lumpur

  • Nov-07-2022

    Madrid

  • Nov-07-2022

    Dubai

  • Nov-07-2022

    Zurich

  • Nov-07-2022

    Paris

  • Nov-07-2022

    Singapore

  • Nov-14-2022

    Amsterdam

  • Nov-14-2022

    Istanbul

  • Nov-21-2022

    Madrid

  • Nov-21-2022

    Dubai

  • Nov-21-2022

    Kuala Lumpur

  • Nov-28-2022

    Barcelona

  • Nov-28-2022

    Singapore

  • Nov-28-2022

    Amsterdam

  • Nov-28-2022

    Paris

  • Nov-28-2022

    Istanbul

  • Nov-28-2022

    Zurich

  • Nov-28-2022

    London

  • Dec-05-2022

    Kuala Lumpur

  • Dec-05-2022

    Istanbul

  • Dec-05-2022

    Dubai

  • Dec-05-2022

    Amsterdam

  • Dec-12-2022

    Paris

  • Dec-12-2022

    London

  • Dec-12-2022

    Zurich

  • Dec-12-2022

    Barcelona

  • Dec-12-2022

    Madrid

  • Dec-12-2022

    Singapore

  • Dec-19-2022

    Amsterdam

  • Dec-19-2022

    Istanbul

  • Dec-26-2022

    Barcelona

  • Dec-26-2022

    Singapore

  • Dec-26-2022

    Dubai

  • Dec-26-2022

    Zurich

  • Dec-26-2022

    Madrid

  • Dec-26-2022

    Paris

  • Dec-26-2022

    London

  • Dec-26-2022

    Kuala Lumpur

  • Sep-19-2023

    Singapore

  • Sep-19-2023

    Paris

  • Sep-19-2023

    Madrid

  • Sep-19-2023

    Barcelona

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