OIL & GAS EXPLORATION & PRODUCTION CONTRACTS

Synthesis

Day 1 :INTRODUCTION: The main steps of the oil era 1.COMMON PROVISIONS TO DIFFERENT E&P CONTRACTS
The assignment of contracts
Definition of the area
Different phases of the contract
Exploration phase
Declaration of commerciality
Development and production phases
Associated natural gas
Day 2 :
2. THE CONCESSION
Definition
Countries of application
Property of hydrocarbons and installations
Taxation rules
Exercise
3. THE PRODUCTION SHARING CONTRACT
Definition
Countries of application
Property of hydrocarbons and installations
Taxation rules
Exercise
Day 3 :
4. THE OTHER TYPES OF CONTRACTS
The services contracts at risk
The contract of technical assistance
The buy back contract

5. OTHER CONTRACTUAL PROVISIONS
Force majeure
Provisions related to local content
Provisions related to protection of environment
Anti-bribery provisions
Day 4 :
6. OTHER TYPES OF AGREEMENTS IN THE OIL INDUSTRY
Joint ventures
Joint Operating Agreement
Gas contracts
Unitization Agreements
The Confidentiality Agreement
Day 5 :
7. THE SETTLEMENT OF DISPUTES
Importance of contractual provisions relating to settlements of disputes
Different modes of settlement of disputes
International arbitration
The different institutions of arbitration with examples of disputes between host countries and companies

Exam/results

Language

English

Audience type

Students in engineering (from 3rd year of studies)Students in law (3rd year and above)Students in business schools (3rd year and above)

Planned duration

5 days x 3 hours, but duration can be tailored to meet students level and/or University programme

Support material

Copy of the slidesSlides in English, French or SpanishVidéos, exercices

Prerequisite

First knowledge of oil upstream activity

Objectives

To acquire knowledge on the different types of contracts in the oil & gas activity, to compare the obligations of both the host country and the international company, to compare the different tax systems

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