An Intensive 5-day Training Course
Oil & Gas Field Unitisation and Equity Redetermination
Mastering Risk Mitigation and Negotiation Strategy
Course Introduction
Hydrocarbon tend to tread two or more license concessions areas or even international boundaries. Unitisation is a mechanism whereby reservoirs for petroleum and or gas are developed as a unit by a single operator (the Unit Operator) and use common production facilities under an agreement called a Unitisation Agreement. The objective is to obtain the maximum recovery of hydrocarbon by the parties.
Unitisation requires rather complete and real knowledge of the field which justifies there being a Unitisation Agreement which is among interested parties. The Unitization Agreement seeks to provide for that the participating interests in an equitable manner and avoid transit impact on the participating interests and helps to avoid some legal traps.
Unitization should be implemented early in the life of a field, prior to development as the owners seek to establish leverage in negotiating a larger share of the field or drain the field.
This Oxford Management Centre training course on Unitisation in the Oil and Gas Industry will highlight:
- The international law determining the rights and responsibilities of states in the development of shared petroleum deposits
- How to Unitise a field and the ways to compile a Unitisation and Unit Operating Agreement
- Determining the and which stage this should take place
- Negotiation the agreement with partners
Objectives
At the end of this Oxford Management Centre training course, you will learn:
- International oil and gas legal and technical principles used in unit operations
- The key legal and commercial issues that arise in a unitization
- Issues to consider when preparing a UUOA for a specific project
- Specific issues to be considered in a cross‐border unitization
- Provisions aimed at limiting liability of adjoining operators / contractors
Training Methodology
The facilitator will use a wide range of techniques from presentation of key points through the use of interactive methods like group practical exercises and discussions, role plays case studies and video presentations. There will be a training manual that will support the learning experience with adequate reference and reading materials which will include sample contracts. Participants will have an opportunity to practice the skills they have acquired from the course with each other in role playing exercises and learn how to apply them in their daily business routines.
Organisational Impact
Participants from the companies and organizations will have improved capacity and ability to:
- Come up with clear strategy to negotiate oil and gas contracts and gas sales agreements
- Mitigate risks and liabilities that may be faced by the corporations and companies
- Avoid pitfalls by being adequately prepared to undertake difficult negotiations
- Improve bottom lines with better negotiated contracts
Personal Impact
Individuals attending this training course will obtain essential skills sets which will give them competence and confidence to:
- Analyze and interpret commercial, legal and contractual aspects of the specific types of unitisation agreements and these contracts that will be reviewed
- Determine economic issues that affect both sides to a contract and learn how to balance these issues in order to minimize risk
- Gain tips and tricks on negotiating the unitisation agreements
Who Should Attend?
This training course is suitable to a wide range of professionals but will greatly benefit:
- Commercial Manager
- Legal Counsels / Advisors
- Commercial Lawyers
- Negotiators
- Project Owners
- Project Directors / Managers
- Project Engineers / Planning Engineers
- Operation Managers
- Contract / Agreement Managers / Specialists
- Financial Controllers / Finance Managers
- Business Development Managers
Course Outline
Day One
What is Unitisation?
- The Development of the Concept of Unitisation
- Different Approaches to Unitization
- Terminology in Unitisation Agreements
- Pooling and Unitization, Voluntary & Mandatory
- Order of Unit Operation of Pool
- Multiple Leases
Documenting Unitization
- Where the Unitisation Agreement Fits within the Upstream Contractual Regime
- The Need for a Pre-unitisation Agreement
- Important Provisions of a Pre-unitisation Agreement
- The Essential Elements of an Unitisation Agreement
- The Structure of an Unitisation Agreement
Day Two
Key Concept Affecting Unitization Agreements
- Determination of the Initial Tract Participation / Unit Interest
- Change in the Unit Area
- Units and Unit Operating Agreements
- Redetermination
- How does the redetermination process work in practice?
- The Re-determination Process – The Role of the Expert
Day Three
UUOA - Unit Operating Agreements & Unitisation
- Connecting-up the Dots between Unitization and UOA
- Unitisation in Practice
- Government Approval
- Important Pits Falls to Avoid in UOAs
Day Four
Key Issues in UUOAs
- A One-Size Fits All UUOA
- Tract Participation
- Determination and Re-determination Provisions
- Role of the Expert
- Unit Operating Committee Voting Thresholds
- Default of Parties
- Specific Unitization Issues for LNG Export Projects
Day Five
Transboundary Unitization and Boundary Disputes
- Examples, including Netherlands, UK and Norway, Nigeria, Saudi Arabia and Kuwait
- Transboundary Developments
- Resolving Transboundary Disputes
- Case Studies on Transboundary Disputes
Certificate
Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.
Accreditation
In association with
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FREQUENTLY ASKED QUESTIONS
To check on availability please call Registrar’s Office at +971 50 985 0174. If you have any questions or enquiries please feel free to contact us
- Telephone: +971 50 985 0174
- E-mail: [email protected]
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: [email protected]
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, [email protected]
Note: Discounts are not applicable with any other special offer that may be available.
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 [email protected]
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 [email protected] 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.
