Short Course on

International Oil & Gas Law, Contracts, and Negotiations - PARTS 1 and 2

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Monday Morning

  1. Harry W. Sullivan, Jr.

    Attorney International Energy Attorney, Dallas, Texas

Introduction and Opening Remarks

International Oil & Gas Issues and Risks of International Investment

  • Overview of the international oil and gas industry
  • Historical and anticipated risks and rewards inherent in the industry

Hosted Refreshment Break

Confidentiality Agreements

  • Purpose and key provisions of a confidentiality agreement
  • Review of the AIPN Model Form Confidentiality Agreement, which provides protection for valuable information and data that is shared with another company

Lunch – On Your Own

Monday Afternoon

International Dispute Resolution

  • Successful resolution of disputes between parties is essential for business to succeed
  • International arbitration — an impartial private method of resolving disputes
  • AIPN Model Form Dispute Resolution Provisions

Hosted Refreshment Break

Bidding Agreements and AMI Agreements

  • Review of the AIPN Model Form Study and Bid Group Agreement, which provides a basis for companies to establish a consortium to cooperate in bidding for or acquiring oil and gas granting instruments
  • Review of area of mutual interest (AMI) agreements, and their purposes and functions

Hosted Reception for Registrants, Speakers & Guests

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Tuesday Morning

Granting Instruments

  • Concessions
  • Production sharing contracts
  • Risk service contracts
  • Other provisions

Hosted Refreshment Break

Granting Instruments (Continued)

Hosted Networking Luncheon

Tuesday Afternoon

Granting Instruments (Continued)

Hosted Refreshment Break

Stabilization Issues in Granting Instruments

  • Change of law as one of the main risks in the international oil and gas industry
  • Stabilization as one method to address the change of law risk
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Wednesday Morning

Joint Operating Agreements

  • Rights, duties, and obligations of co-venturers in the same oil and gas contract area
  • AIPN 2012 Model Form International Operating Agreement

Hosted Refreshment Break

Joint Operating Agreements (Continued)

Lunch – On Your Own

Wednesday Afternoon

Joint Operating Agreements (Continued)

Hosted Refreshment Break

JOA Accounting Procedures

  • Accounting for costs among co-owners of rights under international oil and gas granting instruments
  • 2012 AIPN Model Form International Accounting Procedure
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Thursday Morning

Participation (Farmout) Agreements

  • A vehicle to acquire an interest in an oil and gas granting instrument by performing or paying for specified work under the granting instrument
  • AIPN Model Form International Farmout Agreement

Hosted Refreshment Break

Participation Agreements (Continued)

Lunch – On Your Own

Thursday Afternoon

Unitization Issues

  • Development of a common oil and/or gas reservoir that underlies more than one contract area
  • Mechanics of unitization and of operating a unit
  • Cross-border unitization
  • AIPN Model Form Unitization UUOA and current revisions

Hosted Refreshment Break

Unitization Issues (Continued)

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Friday Morning

Ethics and Anti-Bribery Compliance

  • Bribery and corruption combated through a variety of treaties, conventions, and laws
  • Business ethics and principles critical to working in the international oil and gas industry
  • Traps for the unwary

Hosted Refreshment Break

Crude Oil Lifting Agreements

  • How each co-venturer takes its share of oil and gas production
  • AIPN Model Form Lifting Procedure

Course Adjournment

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Monday Morning

  1. Harry W. Sullivan, Jr.

    Attorney International Energy Attorney, Dallas, Texas

Introduction and Opening Remarks

Overview of International Oil & Gas Issues and International Project Development Risks

  • Overview of the international oil and gas industry
  • Historical and anticipated risks and rewards inherent in the industry

Hosted Refreshment Break

Sanctions

  • Review of governmental sanctions that may impact international oil and gas developments

Lunch – On Your Own

Monday Afternoon

Seismic Contracts, Data Use, and Exchange Agreements

  • Overview of the data and operations being covered by these contracts
  • General discussion of the key provisions of the contracts
  • Detailed discussion of some of the complexities and key negotiation issues for the contracts

International Unconventional Resources Development

  • Developments that have brought unconventional oil and gas resources into focus in many parts of the world
  • Unique issues involved in the exploration and exploitation of unconventional resources
  • How these projects differ from exploration and exploitation of conventional oil and gas resources

Hosted Refreshment Break

  1. Frank L. Cascio, Jr.

    Advisory Counsel Houston, TX
  2. KEITH B. HALL

    Director, Mineral Law Institute; Campanile Charities Professor of Energy Law Louisiana State University Law Center, Baton Rouge, LA

Crude Oil Marketing

  • Selling and monetization of oil once it is produced
  • Crude oil sales transactions — often done over the phone and documented through relatively simple contracts
  • Importance of customs and practices

Hosted Reception for Registrants, Speakers & Guests

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Tuesday Morning

International Drilling and Service Contracts

  • Services provided by service companies in support of petroleum operations under granting instruments
  • Primary issues in service contracts, including warranty and cross-indemnity provisions

Hosted Refreshment Break

International Drilling and Service Contracts (Continued)

Hosted Networking Luncheon

Tuesday Afternoon

Decommissioning Issues

  • Decommissioning as an adjunct obligation to the right to develop oil and gas
  • Review of contractual provisions related to decommissioning

Hosted Refreshment Break

Corporate Social Responsibility and Business Ethics

  • What is involved in corporate social responsibility
  • How CSR has evolved into a necessary area in international oil and gas projects
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Wednesday Morning

Sale and Purchase Agreements

  • Selling oil and gas contracts as a common method of monetization
  • Key terms and provisions of a sale

Hosted Refreshment Break

Sale and Purchase Agreements (Continued)

Lunch – On Your Own

Wednesday Afternoon

Sale and Purchase Agreements (Continued)

Hosted Refreshment Break

International Dispute Resolution

  • Successful resolution of disputes between parties essential for business to succeed
  • International arbitration — an impartial private method of resolving disputes
  • Benefits and pitfalls of arbitration
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Thursday Morning

Natural Gas Sales Agreements

  • Complexities of pipeline sales of natural gas outside of established markets such as North America and Europe
  • Primary terms and provisions of gas sales agreements

Hosted Refreshment Break

Natural Gas Sales Agreements (Continued)

Lunch – On Your Own

Thursday Afternoon

Natural Gas Pipeline Transportation (Construction & Operation GTA) and Natural Gas Balancing Issues

  • Supply imbalances when co-venturers sell natural gas to different buyers
  • AIPN Model Form Gas Balancing Agreement
  • AIPN Model Form Gas Transportation Agreement

Hosted Refreshment Break

LNG Project Development

  • Conversion of natural gas to a liquid form (LNG) when being transported long distances to market
  • Complexity and uniqueness of international LNG projects
  • Structure and primary contracts of an international LNG project
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Friday Morning

LNG Project Development (Continued)

Hosted Refreshment Break

LNG Project Development (Continued)

Course Adjournment