Upstream Oil and Gas Contracts

Introduction

The legal and regulatory framework of upstream oil and gas industry contracts is constantly changing. Therefore, this sector’s lawyers, commercial, and contract managers must be up-to-speed.

Upstream Oil and Gas Contracts Training course provides in-depth information on the types of upstream petroleum contracts, their differences, and the main contractual terms participants need to know to understand all types of Upstream Petroleum Contracts fully.

This training course will comprehensively cover Production Sharing Contracts, Exploration and Production Agreements (E&P), Exploration and Exploitation Contract, and License Agreement, and participants will take away essential elements of these contracts to be effectively used in their own companies.

Learning Outcomes 

• GAIN in-depth knowledge and further understanding of more agreements that are in everyday use in the upstream oil and gas industry
• FIND OUT more about the essential bidding and tendering phase
• BECOME familiar with Production Sharing Contracts
• LEARN about how to deal with negligence and nuisance claims
• RECOGNISE the importance of the five key clauses that every oil and gas professional should be familiar with
• MASTER the drafting of service agreement contracts
• UNDERSTAND the importance of contract risk management post-Macondo

Course Content

• Bidding and Tendering for Oil and Gas contracts
• Drafting Production Sharing Contracts-PSCs
• Drafting agreements for farm-ins and farm-outs
• Essential equipment and material contracts
• production and decommission phase agreements

Practical examples

• Multi-Party contracting scenarios
• Joint Ventures in the oil industry
• Teaming agreements-risks and rewards
• Contractors and sub-contractors creating a seamless support team