Oil Fields UnitizationEAM/UNITZ

Who should attend?

  • To provide the participants with a comprehensive overview of the various parameters at stake in an oil field unitization project using real-case examples, in order for them to be able to take part in negotiations for oil field unitization contracts.
Audience :
  • Managers from the public and the private sector with a minimum 5-year experience in technical or functional positions in the upstream Oil & Gas sector, having to deal with unitization cases or projects.

Level : Proficiency

Course Content

  • INTRODUCTION

      • Context - Stakes.
      • Overview of current unitized oil developments.
  • RESERVES DEVELOPMENT UNDER AN UNITIZATION PROJECT

      • Principles.
      • Stakes and key factors.
      • Consequences in terms of development schemes.
  • UNITIZATION IMPLICATIONS

      • Political aspects.
      • Contractual aspects.
      • Economic aspects.
      • Fiscal aspects.
  • STRUCTURE OF AN UNITIZATION CONTRACT

      • Main provisions.
      • Cross country case:
      • The boundary question.
      • Various types of contracts: unitization, commercial agreement, joint development area.
      • Study case based on real-case examples.
  • CASE STUDIES BASED ON RECENT UNITIZED DEVELOPMENT CASES

Learning Objectives

  • Upon completing the course, participants will be able to:
  • explain the various factors at stake in the case of an unitization project, both on a national perspective (cross permit) and a transnational perspective (cross country),
  • have a critical approach to the main provisions at stake in a unitization contract,
  • choose the best suitable type of contract,
  • take part in a negotiation team for unitization.

Ways & Means

  • Real-case studies.
  • Feedbacks from experts in the field of unitization.