Oil and Gas Legislation

Description

Introduction to Oil and Gas Legislations - Contract Law and Background to the Oil and Gas Industry - Service contracts, such as drilling contracts, and the risk allocation clauses in such contracts - Contracts for the acquisition and disposal of assets, such as farm-out agreements - Nature and variety of commercial and legal issues and problems - Overview of Current Oil and Gas Supply, Demand and Prices - Sales agreements, such as oil sales contracts and long-term gas sales agreements - Contracting in the Upstream Sector: Ownership and Licensing - Contracting in the Upstream Sector: Production Sharing Agreements and Unitization - Agreements Between Co-Ventures, Suppliers and Contractors - Contracting in the Downstream Sector: Sales and Transportation of Oil and Gas - Dispute Resolution in Oil and Gas Contracts - Case study (mini project). references The Application of Contracts in Developing Offshore Oil and Gas Projects

Program

Bachelor Degree in Oil and Gas Engineering (160)

Objectives

• Explain the legal and commercial background of the oil and gas industry, including contract law. Analyze service contracts, such as drilling contracts, and their risk allocation clauses. Describe upstream contracting, including ownership, licensing, production sharing agreements, and unitization. Describe asset acquisition and disposal agreements, sales agreements, and downstream transportation contracts. Explain dispute resolution in oil and gas contracts through case studies.