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Why Choose this Training Course?
Why Choose this Online Training Course?
This PetroKnowledge Oil & Gas Law Online training course will help clients develop a strong understanding of some key commercial transactions and contracts in the oil and gas sector. Those taking this online training course will be equipped with knowledge of different types of contracts and commercial arrangements entered into by commercial parties in the course of the exploration and production (upstream) and the sale (downstream) of oil and gas.
This Oil & Gas Law online training course will highlight:
The commercial rationale, underlying some key commercial transactions, and the structure and content of contracts used in the oil and gas industry in the context of upstream and some downstream operations
The nature and variety of commercial and legal issues and problems, arising in the context of commercial transactions, and some typical contractual solutions to these problems
Commercial joint venture arrangements, such as joint operating and unitisation agreements
Service contracts, such as drilling contracts, and the risk allocation clauses in such contracts
Contracts for the acquisition and disposal of assets, such as farm-out agreements
Sales agreements, such as oil sales contracts and long-term gas sales agreements
What are the Goals?
What are the Goals?
This online training course will provide a comprehensive understanding of the nature, purpose, and structure of some of the key commercial contracts used in the upstream and downstream sectors and some prominent legal issues arising under these contracts.
By the end of this Oil & Gas Law online training course, participants will:
Develop an understanding of some key commercial contracts in the upstream and some downstream sectors.
Learn about the commercial rationale, purpose, structure of these contracts.
Gain detailed knowledge about a wide range of legal issues and problems, arising under these contracts, and how these issues are resolved by some major legal systems, such as English law.
Develop an ability to evaluate the relative strengths and weaknesses of different contractual solutions adopted in respect of various issues and problems.
Gain an understanding of the relevant legal framework of some major legal regimes, such as that of English law and the UN Sales Convention.
Who is this Training Course for?
Who is this Online Training Course for?
This PetroKnowledge Oil & Gas Law online training course is suitable for a wide range of professionals but will greatly benefit:
Industry and legal practitioners or civil servants working with the energy/natural resources industry
Commercial, governmental, or legal professionals with an interest in the regulation of the energy/natural resources industry
How will this Training Course be Presented?
How will this Online Training Course be Presented?
This PetroKnowledge 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 your choice location.
Organisations will gain a number of benefits, including:
Expert knowledge of some key commercial contracts used in the oil and gas upstream and downstream sectors
In-house expertise in commercial and legal issues arising in the exploration, development, production and sale of oil and gas
Employees with an ability to analyse and navigate through a wide range of commercial contracts and their key provisions
Employees with an enhanced understanding of the structures of and solutions adopted in commercial contracts in the natural resources sector and how these contracts are governed by some major legal regimes, such as that of English law and, where relevant, the UN Sales Convention
This PetroKnowledge Oil & Gas Law online training course will provide participants with a number of benefits, including:
Comprehensive and systematic knowledge of commercial contracts in the oil and gas sector, much of which is transferrable to other natural resource industries and other sectors
A detailed understanding of commercial and legal issues and problems arising in the context of commercial arrangements, such as joint operating, unitisation, service, farm-out and sales agreements
Knowledge of the approaches that some major legal regimes, such as English law, take to governing these contracts and their key clauses
An ability to analyse the relative strengths and weaknesses of different contractual solutions
Enhanced contract drafting skills
Day One: Introduction to Oil and Gas Commercial Contracts
General principles of oil and gas contract law
Key players in the international oil and gas industry
The main licensing and contractual arrangements in upstream
Principal standard form contracts used in the industry
The key legal contractual risk management issues
Contracts for downstream activities
Day Two: Joint Operating and Unitisation Agreements
The rationale, purpose, and basic principles of a Joint Operating Agreement (JOA)
The appointment, duties, and removal of the operator
The operating committee
Sole risk and non-consent options
Cash calls, default, and its consequences; under-/over-lifting
The rationale, purpose, and basic principles of a Unitisation Agreement (UA)
The re-determination procedure in a UA and its consequences
Day Three: Service Contracts and Agreements on Acquisition and Disposal of Assets
Service contracts generally
Drilling contracts: Basic structure and key issues
Risk allocation provisions in service contracts: Indemnity and limitation of liability clauses
Agreements on acquisition and disposal of assets: General introduction
Farm-out agreements: Basic principles
Day Four: Oil Sales Contracts and Gas Sales Agreements
Sale and purchase and transportation agreements
Oil sales contracts: General introduction and the overview of the role of English law and the UN Sales Convention
Oil sales contracts: Basic rights and obligations of the parties under English law and the UN sales convention
Oil sales contracts: Specific obligations of the seller under CIF and FOB contracts
Gas sales agreements: General introduction
Detail terms in gas sales agreements
Day Five: Understanding Key Clauses in Oil and Gas Contracts
Managing risk with indemnity, limitation, and exclusion of liability clauses
Forms of exclusion clauses (and why it matters) common carve-outs
The ‘knock for knock’ regime, benefits, and disadvantages
Guarantee, performance & penalties
Political and other risks
Change in law
Dispute resolution and claims management
On successful completion of this online training course, a PetroKnowledge E-Certificate will be awarded to the delegates