An Intensive 5-day Training Course
Oil & Gas Law
Contracts and Liabilities
Course Introduction
This Oxford Management Centre Oil & Gas Law training course will help clients develop a strong understanding of some key commercial transactions and contracts in the oil and gas sector. Those taking the training course will be equipped with knowledge of different types of contracts and commercial arrangements entered into by commercial parties in the course of the exploration and production (upstream) and the sale (downstream) of oil and gas.
This Oil & Gas Law training course will highlight:
- The commercial rationale, underlying some key commercial transactions, and the structure and content of contracts used in the oil and gas industry in the context of upstream and some downstream operations
- The nature and variety of commercial and legal issues and problems, arising in the context of commercial transactions, and some typical contractual solutions to these problems
- Commercial joint venture arrangements, such as joint operating and unitisation agreements
- Service contracts, such as drilling contracts, and the risk allocation clauses in such contracts
- Contracts for the acquisition and disposal of assets, such as farm-out agreements
- Sales agreements, such as oil sales contracts and long-term gas sales agreements
Objectives
This training course will provide a comprehensive understanding of the nature, purpose, and structure of some of the key commercial contracts used in the upstream and downstream sectors and some prominent legal issues arising under these contracts.
By the end of this Oil & Gas Law training course, participants will:
- Develop an understanding of some key commercial contracts in the upstream and some downstream sectors.
- Learn about the commercial rationale, purpose, structure of these contracts.
- Gain detailed knowledge about a wide range of legal issues and problems, arising under these contracts, and how these issues are resolved by some major legal systems, such as English law.
- Develop an ability to evaluate the relative strengths and weaknesses of different contractual solutions adopted in respect of various issues and problems.
- Gain an understanding of the relevant legal framework of some major legal regimes, such as that of English law and the UN Sales Convention.
Training Methodology
This Oxford Management Centre training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, and retention of the information presented. This includes exercises designed to improve and sharpen the skill sets of delegates through interactive session with role playing, case studies, discussion groups and scenario building.
Organisational Impact
Organisations will gain a number of benefits, including:
- Expert knowledge of some key commercial contracts used in the oil and gas upstream and downstream sectors
- In-house expertise in commercial and legal issues arising in the exploration, development, production and sale of oil and gas
- Employees with an ability to analyse and navigate through a wide range of commercial contracts and their key provisions
- Employees with an enhanced understanding of the structures of and solutions adopted in commercial contracts in the natural resources sector and how these contracts are governed by some major legal regimes, such as that of English law and, where relevant, the UN Sales Convention
Personal Impact
This Oxford Management Centre Oil & Gas Law training course will provide participants with a number of benefits, including:
- Comprehensive and systematic knowledge of commercial contracts in the oil and gas sector, much of which is transferrable to other natural resource industries and other sectors
- A detailed understanding of commercial and legal issues and problems arising in the context of commercial arrangements, such as joint operating, unitisation, service, farm-out and sales agreements
- Knowledge of the approaches that some major legal regimes, such as English law, take to governing these contracts and their key clauses
- An ability to analyse the relative strengths and weaknesses of different contractual solutions
- Enhanced contract drafting skills
Who Should Attend?
This Oxford Management Centre Oil & Gas Law training course is suitable for a wide range of professionals but will greatly benefit:
- Industry and legal practitioners or civil servants working with the energy/natural resources industry
- Commercial, governmental, or legal professionals with an interest in the regulation of the energy/natural resources industry
Course Outline
Day One
Introduction to Oil and Gas Commercial Contracts
- General principles of oil and gas contract law
- Key players in the international oil and gas industry
- The main licensing and contractual arrangements in upstream
- Principal standard form contracts used in the industry
- The key legal contractual risk management issues
- Contracts for downstream activities
Day Two
Joint Operating and Unitisation Agreements
- The rationale, purpose, and basic principles of a Joint Operating Agreement (JOA)
- The appointment, duties, and removal of the operator
- The operating committee
- Sole risk and non-consent options
- Cash calls, default, and its consequences; under-/over-lifting
- The rationale, purpose, and basic principles of a Unitisation Agreement (UA)
- The re-determination procedure in a UA and its consequences
Day Three
Service Contracts and Agreements on Acquisition and Disposal of Assets
- Service contracts generally
- Drilling contracts: Basic structure and key issues
- Risk allocation provisions in service contracts: Indemnity and limitation of liability clauses
- Agreements on acquisition and disposal of assets: General introduction
- Farm-out agreements: Basic principles
- Farm-out agreements
Day Four
Oil Sales Contracts and Gas Sales Agreements
- Sale and purchase and transportation agreements
- Oil sales contracts: General introduction and the overview of the role of English law and the UN Sales Convention
- Oil sales contracts: Basic rights and obligations of the parties under English law and the UN sales convention
- Oil sales contracts: Specific obligations of the seller under CIF and FOB contracts
- Gas sales agreements: General introduction
- Detail terms in gas sales agreements
Day Five
Understanding Key Clauses in Oil and Gas Contracts
- Managing risk with indemnity, limitation, and exclusion of liability clauses
- Forms of exclusion clauses (and why it matters) common carve-outs
- The ‘knock for knock’ regime, benefits, and disadvantages
- Guarantee, performance & penalties
- Termination rights
- Force majeure
- Political and other risks
- Change in law
- Dispute resolution and claims management
Certificate
On successful completion of this training course, Oxford Management Centre Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor will be awarded to the delegates
Accreditation
In association with
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FREQUENTLY ASKED QUESTIONS
Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:
- Telephone: +971 50 985 0174
- E-mail: info@oxford-management.com
Yes, Oxford Management Centre is accredited by the following professional bodies;
National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.
Yes, discounts are available. For further information please call +971 50 985 0174 or email, info@oxford-management.com
Note: Discounts are not applicable with any other special offer that may be available.
All course bookings made through Oxford Management Centre are non-refundable. By registering for a course, you acknowledge and accept that fees are payable in full and are not subject to refund under any circumstances, including but not limited to participant dissatisfaction, changes in personal or professional circumstances, or partial attendance.
Oxford Management Centre reserves the right to make reasonable adjustments to course content, trainers, or schedules where necessary, without entitling delegates to a refund. Full details of each course – including objectives, target audience, and content – are clearly outlined prior to enrolment, and it is the responsibility of the delegate to ensure suitability before booking.
There are 2 easy ways to register:
- Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
- E-mail: Send your details to info@oxford-management.com
We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.
For more information request, email info@oxford-management.com or call +971 50 985 0174.
The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.
While, online training fees cover the course presentation and digital documentation and relevant materials.
The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.
Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.
Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.
Upon receipt of your registration form, we will send you the following by e-mail:
- Registration Confirmation
- Invoice/Receipt (where appropriate)
If you register online you will receive an e-mail within 24 hours confirming your registration.
