An Intensive 5-Day Online Training Course
Oil & Gas Field Unitisation
and Equity Redetermination
Mastering Risk Mitigation and Negotiation Strategy
We currently have no scheduled session for this Course. If you are interested in running this course, please contact our Training Department at info@petroknowledge.com
Why Choose this Training Course?
Hydrocarbon tend to tread two or more license concessions areas or even international boundaries. Unitisation is a mechanism whereby reservoirs for petroleum and or gas are developed as a unit by a single operator (the Unit Operator) and use common production facilities under an agreement called a Unitisation Agreement. The objective is to obtain the maximum recovery of hydrocarbon by the parties.
Unitisation requires rather complete and real knowledge of the field which justifies there being a Unitisation Agreement which is among interested parties. The Unitization Agreement seeks to provide for that the participating interests in an equitable manner and avoid transit impact on the participating interests and helps to avoid some legal traps.
Unitization should be implemented early in the life of a field, prior to development as the owners seek to establish leverage in negotiating a larger share of the field or drain the field.
This PetroKnowledge Field Unitisation and Equity Redetermination online training course will highlight:
- The international law determining the rights and responsibilities of states in the development of shared petroleum deposits
- How to Unitise a field and the ways to compile a Unitisation and Unit Operating Agreement
- Determining the and which stage this should take place
- Negotiation the agreement with partners
What are the Goals?
At the end of this online training course, you will learn:
- International oil and gas legal and technical principles used in unit operations
- The key legal and commercial issues that arise in a unitization
- Issues to consider when preparing a UUOA for a specific project
- Specific issues to be considered in a cross‐border unitization
- Provisions aimed at limiting liability of adjoining operators/contractors
Who is this Training Course for?
This Field Unitisation and Equity Redetermination online training course is suitable to a wide range of professionals but will greatly benefit:
- Contract/Agreement Managers/Specialists
- Commercial Manager
- Legal Counsels/Advisors
- Commercial Lawyers
- Negotiators
- Project Owners
- Project Directors/Managers
- Project Engineers/Planning Engineers
- Operation Managers
- Contract/Agreement Managers/Specialists
- Financial Controllers/Finance Managers
- Business Development Managers
How will this Training Course be Presented?
This online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.
Organisational Impact
Participants from the companies and organisations will have improved capacity and ability to:
- Come up with clear strategy to negotiate oil and gas contracts and gas sales agreements
- Mitigate risks and liabilities that may be faced by the corporations and companies
- Avoid pitfalls by being adequately prepared to undertake difficult negotiations
- Improve bottom lines with better negotiated contracts
Personal Impact
Individuals attending the course will obtain essential skills sets which will give them competence and confidence to:
- Analyse and interpret commercial, legal and contractual aspects of the specific types of unitisation agreements and these contracts that will be reviewed
- Determine economic issues that affect both sides to a contract and learn how to balance these issues in order to minimize risk
- Gain tips and tricks on negotiating the unitisation agreements
Daily Agenda
Day One: What is Unitisation?
- The development of the concept of unitisation
- Different approaches to unitisation
- Terminology in unitisation agreements
- Pooling and unitisation, voluntary & mandatory
- Order of unit operation of pool
- Multiple leases
Documenting Unitisation
- Where the unitisation agreement fits within the upstream contractual regime
- The need for a pre-unitisation agreement
- Important provisions of a pre-unitisation agreement
- The essential elements of a unitisation agreement
- The structure of a unitisation agreement
Day Two: Key Concept Affecting Unitisation Agreements
- Determination of the initial tract participation / unit interest
- Change in the unit area
- Units and unit operating agreements
- Redetermination
- How does the redetermination process work in practice?
- The redetermination process – the role of the expert
Day Three: UUOA - Unit Operating Agreements & Unitisation
- Connecting the dots between unitization and UOA?
- Unitisation in practice
- Government approval
- Important pits falls to avoid in UOAs
Day Four: Key Issues in UUOAs
- A one-size fits all UUOA?
- Tract participation
- Determination and redetermination provisions
- Role of the expert
- unit operating committee voting thresholds
- default of parties
- Specific unitisation issues for LNG export projects
Day Five: Transboundary Unitisation and Boundary Disputes
- Examples including Netherlands, UK and Norway, Nigeria, Saudi Arabia, and Kuwait
- Transboundary developments
- Resolving Transboundary Disputes
- Transboundary Disputes
Certificate
- On successful completion of this online training course, a PetroKnowledge E-Certificate will be awarded to the delegates
In Association With
GLOMACS Training
Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients
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Oxford Management Centre
Our collaboration with Oxford Management Centre aims to provide the best training services and benefits for our valued clients.
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