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International Oil and Gas Development

 June 11, 2012 - June 22, 2012


Location


The Foundry Building in Goergetown
1055 Thomas Jefferson Street, NW. Suite M-100
Washington, District of Columbia 20007
USA

Description


This course focuses on international oil and gas contracts used in upstream, midstream and downstream industries, and on key commercial, legal and financial issues involved in international oil and gas development projects. The program includes an interactive negotiation workshop and a hands-on session on economics and valuation of oil and gas projects, and also covers dispute resolution of oil and gas contracts.
This program is aimed primarily at legal advisors, project managers, contract administrators and other professionals from host government ministries and agencies and national oil and gas companies and other industry practitioners involved in the negotiation of international oil and gas contracts and the implementation and management of international oil and gas projects.

Course Outline
Fundamentals and Negotiations
•Industry overview
•Oil and gas terminology
•Key issues in international oil and gas projects
•Role of host government
•Ownership and exploitation of reserves
•Host country's legal and regulatory framework and fiscal regime; stabilization
•Overview of international oil and gas contracts and key issues
•Unconventional hydrocarbons
•Negotiation framework and strategy; objectives of host countries/NOCs and IOCs
•Negotiating skills and tools

Host Government Upstream (Exploration & Production (E&P)) Agreements
•Overview of upstream operations and E&P agreements (types and trends by region)
•Key differences between Production Sharing Contracts (PSCs), concessions, service contracts and JV
contracts
•Analysis of PSCs: main features, key issues from perspectives of host governments/NOCs and IOCs, and principal non-fiscal terms (work programs, management and control, relinquishments, local content, domestic supply, assignments)
•Economics of PSCs and other E&P agreements: fiscal regime and valuation issues (DCF vs. other valuation techniques) (participants will engage in negotiation exercises with financial modeling)

Additional Information


Course Outline - Cont'd

Midstream and Downstream Operations
•Access to market, pipelines, transportation
•Refining, trading, distribution
•Principal contractual arrangements and key issues

Dispute Resolution and Other Special Considerations
•Current issues and trends
•Anti-corruption and other compliance issues
•Corporate social responsibility and environmental considerations
•Dispute resolution mechanisms in oil and gas matters (mediation, arbitration, litigation, expert
determination)
•Investment protections

Buying and Selling Existing Upstream Assets by Host Governments/NOCs
•Transaction structures (corporate/stock acquisitions vs. asset sales)
•Due diligence and risk management
•Deal terms of sale and purchase agreements (valuation of assets and purchase price adjustments, warranties, indemnity, governing law)
•Closing the deal

Upstream Joint Ventures (JVs) between Host Governments/NOCs and IOCs

Organized by


International Law Institute
1055 Thomas Jefferson Street, NW. Suite M-100
Washington, District of Columbia 20007
United States of America

More Information


Event's Website



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