Oil and Gas Field Unitisation and Equity Redetermination

Oxford Management Centre

Oxford Management Centre

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Digital Transformation

Digital transformation is the process of adopting and utilizing state-of-the-art technologies in order to boost business activity, improve safety, and...

Read more about Negotiations

Negotiating is a skill that everyone needs because throughout our lives we face situations that require us to communicate correctly, whether it's buyi...

Who should attend

This Oxford 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 Manager / Specialists
  • Business Development Managers

About the course

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 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 Unitisation Agreement seeks to provide for that the participating interests and helps to avoid some legal traps. Unitisation 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 training course will equip delegates with the essential skills sets to boost their competence and confidence to: analyse 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 to learn how to balance these issues in order to minimise risk, and to gain tips and tricks on negotiating the unitisation agreements.

Seminar Objective

At the end of this Oxford training seminar, 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 unitisation
  • Issues to consider when preparing a UUOA for a specific project
  • Specific issues to be considered in a cross-border unitisation
  • Provisions aimed at limiting liability of adjoining operators / contractors

Seminar Outline

This Oxford training seminar 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, and the negotiation the agreement with partners.

Oil and Gas Field Unitisation and Equity Redetermination at Oxford Management Centre

This course has no confirmed dates in the future. Subscribe to be notified when it is offered.


Something went wrong. We're trying to fix this error.

Thank you

Someone from the Coursalytics team will be in touch with you soon.

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Digital Transformation

When it comes to imposing digital frameworks and technologies, whether you’re trying to optimize particular units or the entire organization, you need to minimize the collateral damage in order to have a greater effect. However, it's not always that ...

Read more about Negotiations

During Negotiations courses, you will learn the following components of negotiations: planning negotiations and useful tools, starting your conversation, working out objections and competent argumentation, imposing your own price and conversation dev...

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.