Field Unitisation and Equity Redetermination

An Intensive 5-Day Training Course

Field Unitisation and Equity Redetermination

Mastering Risk Mitigation and Negotiation Strategy

Scheduled Dates

15 - 19 May 2023 Dubai - UAE $5,950
24 - 28 Jul 2023 Dubai - UAE $5,950
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Why Choose this Training Course?

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 training course on The Law and Practice of Unitisation in the Oil and Gas 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?

What are the Goals?  

At the end of this PetroKnowledge 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?

Who is this Training Course for?

This PetroKnowledge 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?

How will this Training Course be Presented?  

The facilitator will use a wide range of techniques from presentation of key points through the use of interactive methods like group practical exercises and discussions, role plays case studies and video presentations. There will be a training manual that will support the learning experience with adequate reference and reading materials which will include sample contracts. Participants will have an opportunity to practise the skills they have acquired from the course with each other in role playing exercises and learn how to apply them in their daily business routines.

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 unitization
  • Terminology in unitisation agreements
  • Pooling and Unitization, Voluntary & Mandatory
  • Order of Unit Operation of Pool
  • Multiple Leases

Documenting unitization

  • 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 an unitisation agreement
  • The structure of an unitisation agreement

Day Two: Key concept affecting Unitization 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 Unitization Issues for LNG Export Projects

Day Five: Transboundary unitization and Boundary Disputes 

  • Examples, including Netherlands, UK and Norway, Nigeria, Saudi Arabia and Kuwait
  • Transboundary developments
  • Resolving Transboundary Disputes
  • Case Studies on Transboundary Disputes

Certificate

  • On successful completion of this training course, a PetroKnowledge 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.

Visit Website ›

Frequently Asked Questions

How can I register for a training course?

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 56 222 7795 | +971 2 557 7389 or send an email to reg@petroknowledge.com

When and how do I arrange payments?

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

When should I expect to receive confirmation of registration?

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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