International Oil And Gas Development

Overview
Oil and gas business is essentially international in nature, involving many countries and multinational organisations. Successful operations are often results of agreements entered into by the international stakeholders. To enhance success in this regard, stakeholders need to be knowledgeable in the contracts which form the basis for operations in the sector. In this course, participants will be introduced to the ramifications of the contracts guiding transactions in the sector.

Who to Attend
Permanent Secretaries, Directors, Deputy Directors, Assistant Directors and Senior Officers in Oil and gas Ministries and organisations; Legislators on Oil and Gas related legislative committees; and Investors in the industry.

Objective
The objective of the course is to teach participants all the ramifications of the oil and gas sector of the economies of countries.

Outlines

Overview of the Oil and Gas Industry.
Oil and Gas Terminologies.
Role of Host Governments in the Industry
Ownership and Exploration of Resources.
Host Countries' Legal/Regulatory Framework and fiscal Regime.
Stabilization.
Overview of International Oil and Gas Contracts and Key Issues.
Unconventional Hydrocarbons.
Negotiation Framework and Strategy.
Upstream Operations and Exploration Agreements.
Key Differences between Production Sharing Contracts (PSC) Concessions, Service and JV Contracts.
Analysis of PSC: Main Features, Key Issues from the Perspectives of Host Governments. NOCs and IOCs and Principal Non-Fiscal Forms.
Upstream Joint Ventures (Jvs)
Host Government/NOC Participation.
Benefits – and, Risks of Jvs.
Principal Terms and Drafting Issues in, Joint OP – Operating/Agreements (AIP Model)
Transaction Structures and Risk Management.
Due Diligence and Risk Management.
Deal Terms.
Closing the Deal.
Access to Market, Pipelines, and Transportation.
Refining, Trading and Distribution.
Principal Contractual Arrangements and Key Issues.
Current Issues and Trends.
Anti-Corruption and Other Compliance Issues.
Corporate Social Responsibility and Environmental Considerations.
Dispute Resolution Mechanism in Oil and Gas Matters.
Investment Protections.