Upstream Contracts

An Intensive 3-Day Online Training Course

Upstream Contracts

Approaches for Structuring Legal Frameworks Governing the Oil and Gas Operations

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?

Why Choose this Online Training Course?

This PetroKnowledge online training seminar will help clients develop a strong understanding of how the upstream oil and gas operations are regulated and governed across the world. Those taking the seminar will be equipped with the knowledge of different legal arrangements and the legal framework that regulate the exploration for, development and production of oil and gas and the eventual decommissioning of the facilities used in the course of oil and gas operations.

This PetroKnowledge online training course will highlight:

  • The historical and political context surrounding the development of the oil and gas industry
  • Various approaches that the oil and gas producing states take to structuring their legal framework governing the oil and gas operations on their territory
  • Methods of awarding the exploration and production rights; modern concession contracts and licensing regimes
  • Production sharing contracts and risk service contracts (including buy-back contracts)
  • Joint ventures and hybrid agreements
  • The legal framework governing the decommissioning of oil and gas facilities and installations

What are the Goals?

What are the Goals?

The PetroKnowledge online seminar will provide a comprehensive understanding of the nature and structure of the regulation of oil and gas operations across the world.

By the end of this PetroKnowledge online training course, participants will:

  • Develop an understanding of the historical context surrounding the international petroleum industry, its key players and the objectives and interests they pursue
  • Learn about the different methods of awarding the exploration and production rights
  • Gain detailed knowledge about a wide range of legal arrangements between host states and international oil companies that are used across the world to regulate the exploration for, development and production of oil and gas
  • Develop an ability to evaluate the relative strengths and weaknesses of the different upstream regulatory arrangements, when compared to each other
  • Gain an understanding of the legal framework governing the decommissioning operations

Who is this Training Course for?

Who is this Training Course for?

This PetroKnowledge online training course is suitable to a wide range of professionals but will greatly benefit:

  • Industry and legal practitioners in 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 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.

Organisational Impact

Organisations will gain a number of benefits, including:

  • Expert knowledge of the regulation of the oil and gas upstream sector
  • In-house expertise in commercial and legal issues arising in the exploration, development, production and decommissioning operations
  • Employees with ability to analyse and navigating through regulatory regimes and contractual structures used across the world
  • Employees with enhanced understanding of the structures of and solutions adopted in international state-to-company contracts in the natural resources sector

Personal Impact

This PetroKnowledge online training seminar will provide participants with a number of benefits, including:

  • Comprehensive and systematic knowledge of the regulation of the oil and gas upstream sector that is relevant and transferrable to other natural resource sectors, such as mining and minerals
  • A detailed understanding of commercial and legal issues arising in the course of the exploration, development, production and decommissioning operations, and a variety of ways in which these issues can be addressed
  • An ability to analyse the relative strengths and weaknesses of different regulatory regimes and contractual structures used worldwide
  • Advanced contract and legislative drafting skills

Daily Agenda

Day One: The nature and structure of regulation and Governance of International Oil and Gas Operations

  • Historical and political context surrounding the petroleum industry
  • Old concession contracts
  • UN Resolutions
  • Petroleum industry and its main players
  • Objectives and policies pursued by host states and international oil companies (IOCs)
  • Approaches to structuring legal and regulatory frameworks by oil and gas producing states
  • Petroleum ownership
  • Methods of selecting IOCs and awarding exploration and production rights (negotiation, competitive and discretionary bidding)
  • The legal nature of granting instruments: licenses vs. contracts

Day Two: The legal arrangements between host states and IOCs (Part I)

  • Licensing regimes: basic principles
  • Licensing regimes: exploration, development, and production
  • Modern concession contracts: basic principles
  • Modern concession contracts: exploration, development, and production
  • Production sharing contracts: basic principles
  • Production sharing contracts: exploration, development, and production

Day Three: The legal arrangements between host states and IOCs (Part II) and decommissioning

  • Risk service buy-back contracts: basic principles
  • Risk service buy-back contracts: exploration, development, and production
  • Joint ventures (corporate and contractual) and hybrid contracts: basic principles
  • Joint ventures (corporate and contractual) and hybrid contracts: exploration, development, and production
  • Decommissioning: international law, examples of domestic regulation and impact on commercial arrangements

 

 

Certificate

  • On successful completion of this online training course, a PetroKnowledge E-Certificate will be awarded to the delegates

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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© 2022. Material published by PetroKnowledge shown here is copyrighted.

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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