A three-day practical and interactive seminar focusing on best practice in drafting, negotiating and related topics for upstream oil and gas industry contracts
The accelerated pace of change in the oil and gas industry make this one of the world’s most challenging and complex sectors in which to understand, draft and negotiate contracts.
Falconbury developed this 3-day programme to focus on current best practice and developments in the oil and gas industry. It will serve as either a comprehensive introduction for newcomers or a useful update/refresher for those with experience in the industry.
In-house lawyers, procurement managers, contract managers, contract analysts, contract engineers representing international petroleum companies, contractors and sub-contractors to the petroleum industry together with host governments.
Introduction to the different types of upstream oil and gas agreements
Mergers and acquisition: buying and selling assets – new and emerging markets
Host government rights and concessions
General obligations of the contractor and the company
Offshore rig hire agreements
Debt financing options available to independent O&G companies
A closer look at RBL, given it is the most important source of debt finance
Practical workshop: Part 1 – Drafting the agreements creating the joint venture relationship
Practical workshop: Part 2 – Drafting the agreements creating the joint venture relationship – key concepts
Understanding contractual liabilities
Drafting contractual guarantees and bonds
Tax issues in oil and gas acquisitions and joint ventures
Offshore environmental laws
Risk allocation: hold harmless clauses and exclusion clauses in offshore industry
Liquidated damages, penalties, implied terms and cpntract interpretation
Termination clauses and disputes
Handling exits and disputes between the parties
This course qualifies for the following CPD programmes:
We do not currently have dates confirmed for this course; please contact us to be informed when it is scheduled; or to discuss running this course on an in-house basis for your staff.