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Contractual Framework of Exploration-Production

3 days EAM/CFEP
  • Professionals from the E&P sector and lawyers 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
  • To provide participants with an in-depth 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 discuss different tax systems and contractual frameworks
  • to identify the key issues and constraints in the relationships between host countries, NOCs and IOCs
  • to evaluate the management of partnerships in the upstream sector to find and produce hydrocarbons
Ways and means
  • Case studies
  • Exercises on rent sharing
  • Examples of petroleum laws & fiscal regimes around the world (North West Europe, North Africa, West Africa, Middle East, Asia-Pacific, etc.)

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
  • Case study: analyzing modern petroleum laws
Contractual & fiscal framework 1.5 days
  • 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, and technical assistance contracts
  • Pseudo-tax and non-fiscal constraints
  • Sensitive economics clauses, flexible oil policy: why and how to design it?
  • Objectives of a flexible and progressive tax system
  • Flexible taxation terms and windfall tax approaches
  • Economic model of an oil project
Main articles of e&p contracts 0.5 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, force majeure, governing law and dispute resolution
  • Comparison of fundamental features of Exploration-Production contracts
  • Major economic, financial and legal aspects for oil companies
  • Evolution and 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