Oil & Gas Field Unitisation and Equity Redetermination

The facilitator will use a wide range of techniques from presentation of key points through the use of interactive methods like group practical exercises and discussions, role plays case studies and video presentations. There will be a training manual that will support the learning experience with adequate reference and reading materials which will include sample contracts. Participants will have an opportunity to practice the skills they have acquired from the course with each other in role playing exercises and learn how to apply them in their daily business routines.

At the end of this Gulf Rowad training course, 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 unitization
• Issues to consider when preparing a UUOA for a specific project
• Specific issues to be considered in a cross‐border unitization
• Provisions aimed at limiting liability of adjoining operators / contractors

This Gulf Rowad 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 Managers / Specialists
• Financial Controllers / Finance Managers
• Business Development Managers

Organisational Impact

Participants from the companies and organizations will have improved capacity and ability to:

• Come up with clear strategy to negotiate oil and gas contracts and gas sales agreements
• Mitigate risks and liabilities that may be faced by the corporations and companies
• Avoid pitfalls by being adequately prepared to undertake difficult negotiations
• Improve bottom lines with better negotiated contracts

Personal Impact

Individuals attending this Gulf Rowad training course will obtain essential skills sets which will give them competence and confidence to:

• Analyze 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 learn how to balance these issues in order to minimize risk
• Gain tips and tricks on negotiating the unitisation agreements