OIL AND GAS CONTRACTS AND DISPUTE RESOLUTION

October 4 - 15, 2010

tuition fee: $3950
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INTENDED AUDIENCE: Policymakers, project managers, legal and financial procurement advisors, project implementing and other professionals involved in the oil and gas purchasing and contracting internationally and nationally.

COURSE OBJECTIVES: The program covers the main contracts used in the field of oil and gas and the legal and financial issues involved in oil and gas industry. It provides participants with a detailed analysis of the mechanism and key provisions with an emphasis on Production Sharing Agreements and Joint Operation Agreements. The seminar will also cover advanced topics dispute resolution of oil and gas contracts through investment arbitration and commercial arbitration regimes.

COURSE OUTLINE:

Fundamentals of international oil and gas agreements: negotiation techniques, formation, execution and dispute settlement.

Oil and Gas Projects

  • Bidding process; Antitrust; Licenses and Authorizations; Regulation
  • Financing oil and gas projects in Africa

Production-Sharing Agreements (PSA):

  • Concept and scope, contract elements
  • Mechanism, risk allocation
  • Rights and duties, liabilities
  • Analysis of key provisions

Joint Operation Agreements (JOA):

  • General analysis, rights and obligations, contractual risk
  • Rights and duties of the operator
  • Joint venture: rights and duties of the partners
  • Analysis of key provisions

Other Oil and Gas Contracts: concession / royalty, hydrocarbon sales, insurance and drilling company contracts and other service company agreements

Taxes; Duties

Environmental laws/responsibility

Access to Market and Pipelines

Labor (hiring and firing)

Dispute resolution: Arbitration in oil and gas matters, applicable law, Investment Protection (BITs, ECT), Mediation, Arbitration (including the arbitration agreement, arbitration process and enforcement of arbitral awards).