Name: Upstream Contracts Training Course
Rating: 4.7 (1076 reviews)

Why Choose this 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?

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?

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?

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 1: 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 2: 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 3: 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 Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

In Association With

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Would an alternative date be more suitable?

We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.

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Upstream Contracts

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