This highly practical and interactive programme will deliver:

• Review the different oil and gas agreements to understand the specific areas of risk
• Get to grips with the jurisdictional regulations and fiscal regimes of different governments to ensure your agreements are compliant
• Evaluate the financial and physical risks relevant to drilling, developing and producing hydrocarbons to ensure you can protect against them
• Examine the health & safety requirements relevant conduct drilling, exploration & production operations with high quality standards, and summarise major points
• Identify key documentation and process steps required to negotiate and finalise successful agreements
• Learn how to interpret and drat key clauses specific to the oil and gas agreements
• Analyse financial and physical risks to drill, develop and produce hydrocarbons, including safety issues to mitigate and manage risk
• Understand contract, project and product liabilities, including subcontractors and third parties involved in drilling, exploration & production
• Access to over 30 years of experience in negotiating oil and gas agreements
• Compare best practice with colleagues from across global industry

Day 1

Oil & gas field development licensing agreements with government
Obtaining the pre-requisite government licence and permits to drill, develop and produce hydrocarbons, including technical, safety and fiscal matters

• General principles, government rights and obligations
• Exploration phase and Production phase agreements
• Concessionaire (operating company) rights and obligations
• Fiscal metering, taxation, cost allowance, dispute resolution

Working with different country jurisdictions and regulatory authorities
Process steps and documentation required in major multinational and cross-border jurisdictions to correctly interpret and comply with relevant regulations and fiscal regimes involved in drilling, exploration & production

• Inter-territorial jurisdictions, government rights and obligations
• Inter-territorial Exploration phase and Production phase agreements
• Inter-territorial Concessionaire (operating company) rights and obligations
• Inter-territorial Fiscal metering, taxation, cost allowance, dispute resolution

Oil & gas field joint operating agreements and partnership 
Negotiating and finalising partners’ agreements to drill develop and produce hydrocarbons, including technical, safety and fiscal matters

• Typical agreement and provisions
• Key issues and production sharing contract (PSC)
• Technology and intellectual properties transfer
• Concessions, dispute resolution, termination

Engineering Procurement & Construction (EPC) and other types of contracts 
Negotiating and creating EPC contracts to design, procure and construct hydrocarbons facilities, including technical, safety and fiscal matters

• Traditional EPC contract
• Partial EPC contract
• Non-EPC contract
• EPCM / Turnkey contract

Day 2

Drill rig and platform hire agreements and check lists
Negotiate and finalising drilling rig hire agreements to find, assess hydrocarbons reserves, including technical, safety and fiscal check lists

• Operational parameters and limitations
• What’s included and not included (equipment)
• Responsibilities, risks, liabilities, dispute resolution
• Costs, insurance, safety, quality, maintenance

Risk assessment, mitigation and management 
Analysing, mitigating and managing both financial and physical risks to drill develop and produce hydrocarbons, including safety issues

• What is risk (fiscal and physical)?
• Qualitative and quantitative risks
• SWOT (strengths, weaknesses, opportunities, threats) analysis
• Risk management and Monte Carlo statistical simulation

Warranties and guarantees, including third parties 
Negotiating and agreeing warranties and guaranties, including subcontractors and third parties involved in drilling, exploration & production
 

• Key performance indicators and clauses
• Performance and equipment guarantees
• Contract liability and penalty clauses
• Liquidated damages (non-performance)

Insurance indemnity and hold-harmless clauses 
Negotiating and agreeing insurance clauses, exclusions, Force-Majeure, hold-harmless etc., involved in drilling, exploration & production

• Pre-insurance acceptance negotiations
• Major risk types considered
• Agreement of policy type, clauses and cost
• Excess, hold-harmless, and other qualifications

Contractual liabilities and indemnities, legal aspect and disputes
Negotiating and agreeing contract, project and product liabilities, including subcontractors and third parties involved in drilling, exploration & production

• Pre-litigation negotiations
• Litigation and out of court settlement
• Arbitration and mediation pros and cons
• Other third party expert determinations

Health and safety considerations and practices, and Closing Discussion
Interpreting and complying with relevant health & safety requirements to conduct drilling, exploration & production operations with high quality standards, and summarise major points
 

• Health & Safety (H & S) regulations and requirements
• Compliance with H & S mandatory requirements
• Gulf of Mexico oil-spill disaster analysis and lessons learnt
• ABS, DNV, Lloyds inspection authorities