ABOUT THIS TRAINING
A variety of factors such as prices for crude oil and natural gas, liability
exposure, and relations with host countries, present an opportunity for
investors looking to acquire assets without taking on elements of exploration
and market risk. Conversely, operators want to ensure that they are in the best
position to monetise the disposal of interests in their portfolios.
The material in this course covers the range of considerations that occur in the
sale and purchase of upstream oil and gas properties. They include structuring
(asset sale, share transfer, merger, interest swaps, and farm-outs), process
(tender, direct negotiation, due diligence, preliminary and final agreements,
closing and post-closing adjustments) and how funding is structured (credit
agreements and reserve base lending).
Training Objectives
Upon completion of this course, participants will be able to:
* Plan and prepare for the sale or purchase of upstream oil and gas properties
* Select and structure the type of transaction best suit to the position of the
Buyer and Seller
* Conduct and evaluate the commercial, operational, and legal aspects of due
diligence
* Negotiate and document the terms and conditions contained in sale and
purchase agreements for oil and gas properties
* Conduct post-closing adjustments in the sale and purchase of operating
properties
* Assist in the negotiation of credit arrangements to fund the purchase of oil
and gas properties
Target Audience
This course has been specifically designed for commercial, operating, legal and
financial professionals involved in the sale and purchase of upstream oil and
gas properties whose roles include:
* Conducting tenders for the sale of exploration and operating interests
* Performing due diligence reviews
* Negotiating preliminary and definitive agreements
* Arranging credit agreements and other types of funding
Course Level
* Basic or Foundation
Trainer
Your expert course leader is an international legal expert in petroleum law who
is based in Scotland. He received the degrees of Juris Doctor from the
University of Wyoming and LLM-Energy Law from the University of Utah. He has
been listed in the Guide to the World's Leading Energy and Natural Resources
Lawyers. In over 30 years of practice, he has been chief legal officer in
petroleum companies, consultant to development banks and aid programmes, and law
professor.
His private sector experience included positions as General Counsel of the
Petroleum Corporation of New Zealand and Chief Legal Officer for Sinclair Oil
Corporation in the United States. He has been a consultant to the Asian
Development Bank, The World Bank and the European Investment Bank on petroleum
sector policy, gas sales agreements, and production sharing contracts. This has
included assignments in Cambodia, Bangladesh, India, Indonesia, Laos, Pakistan,
Papua New Guinea, Philippines, and Vietnam.
Your expert course leader has been an adviser and trainer on negotiations for
various petroleum companies including BP, BG Group, Gazprom, KazMunayGas,
Perushaan Gas Negera, Pertamina, PETRONAS, Philippine National Oil Corporation,
Total, Shell and Statoil. He was appointed by Economic Community of West African
States (ECOWAS) as the lead negotiator on behalf of four West African
governments for the West African Gas Pipeline Project.
His academic credentials include an appointment as Distinguished Visiting
Professor for Oil & Gas Law at the University of Wyoming. He is currently
Honourary Professor for International Petroleum Law at the University of Dundee
Centre for Energy, Petroleum & Mineral Law and Policy. At CEPMLP, he has been
the Course Director and principal instructor for seminars on Petroleum Industry
Negotiations, Petroleum Service Contracts, Gas Industry Contracts, and
Downstream Petroleum Law. He is the course author of International Comparative
Petroleum Law. His publications include A Framework for Negotiating and
Documenting International Petroleum Transactions and A Framework for Negotiating
and Managing Production Sharing Contracts and Related Agreements. His academic
work has been published in the Land and Water Law Review, Tulsa Law Journal and
Journal of Comparative and International Law.
POST TRAINING COACHING SUPPORT (OPTIONAL)
To further optimise your learning experience from our courses, we also offer
individualized 'One to One' coaching support for 2 hours post training. We can
help improve your competence in your chosen area of interest, based on your
learning needs and available hours. This is a great opportunity to improve your
capability and confidence in a particular area of expertise. It will be
delivered over a secure video conference call by one of our senior trainers.
They will work with you to create a tailor-made coaching program that will help
you achieve your goals faster.
Request for further information about post training coaching support and fees
applicable for this.
Accreditions And Affliations