A partner of excellencefor oil and gas professional development

Contractual Framework of Exploration-Production

3 days EAM/CFEP
Level
Foundation
Audience
  • Professionals from the E&P sector and managers who need a practical understanding of all the concepts, principles and rules of oil and gas patrimonial contracts between host countries and international oil companies
Purpose
  • To provide participants with an good understanding of the shape and dynamics of oil and gas Exploration-Production contracts
Learning Objectives
  • Upon completion of the course, participants will be able:
  • to identify the key issues and constraints in the contractual negotiations between host countries, NOCs and IOCs
  • to categorize the different tax systems and contractual frameworks in existence
  • to identify the main contractual and fiscal clauses of E&P contracts
Ways and means
  • Comparative reading on a HC law and a E&P contract
  • Exercises on rent sharing
  • Examples of petroleum laws & fiscal regimes around the world

LEGAL FRAMEWORK 0.5 day
  • Objectives of actors, role of national oil companies, stakes in E&P
  • Principles of rent sharing, property of hydrocarbons and State sovereignty
  • Procedure for contracts awarding, different regimes and petroleum laws in the world
  • Legal approach of petroleum law conception and implementation
CONTRACTUAL & FISCAL FRAMEWORK 1 day
  • Main evolutions in contractual relationships
  • Concessions contracts: principles, State's revenues, examples of tax regimes and case studies
  • Production-sharing contracts: principles, examples, of tax regimes and case studies
  • Risk-service contracts, buy-back contracts and technical assistance contracts
  • Fiscal and non-fiscal constraints
  • Objectives of a flexible and progressive tax system
  • Exercise: comparison of concession and production sharing contracts
  • Case study: comparative reading between a HC law and an E&P contract
MAIN ARTICLES OF E&P CONTRACTS 1 day
  • General structure of patrimonial contracts
  • Exploration phase: duration, commitments, surrender, data and information, etc.
  • Appraisal phase: work program, gas provisions, commerciality, etc.
  • Development phase: financing, State participation, budgets and development plans, unitization, etc.
  • Production phase: work conduct and supervision, audit and accounting, financing, taxation, transportation and marketing of production, hydrocarbon price determination, etc.
  • General terms & conditions: title transfer, sole risk, force majeure, local content, environmental protection, governing law and dispute resolution
  • Conclusion: Recent trends in oil taxation and patrimonial contracts
JOINT OPERATING AGREEMENTS 0.5 day
  • Main legal provisions in a Joint Operating Agreements (JOA)
  • Other agreements: JSBA (Joint Study & Bidding Agreement), unitization, farm-in/farm-out
2016 course calendar
Language Dates Location Tuition Register
May 24 - 26 Rueil €2,310 Online By email
Oct 11 - 13 Rueil €2,310 Online By email

2017 course calendar
Language Dates Location Tuition Register
May 16 - 18 Rueil €2,350 Online
Oct 10 - 12 Rueil €2,350 Online