Description

A handbook covering the law of upstream, midstream and downstream petroleum contracts.

Covers standard industry documents providing the legal framework for upstream, midstream and downstream petroleum contracts, with accompanying commentary on their application to energy transactions and related matters
Looks at issues relating to mineral laws, including licences, and host government and inter-governmental agreements
Examines preliminary participation contracts, including agreements and concessions relating to confidentiality, area of mutual interest, joint study, joint bidding and joint wells; data trade and sharing contracts; and enforceability of reasonable endeavour and best endeavour covenants
Assesses model form joint operating agreements, including contents, accounting procedure, and trust deeds
Examines drilling, procurement and services contracts
Discusses the principles of unitisation and unitisation agreements, and considers pooling and other joint development options, pre-unit agreements, UUOA and JOA relationships, principles of petroleum lifting and commingling, balancing agreements, title interests, allocation and attribution/substitution agreements
Advises on petroleum management contracts including those for provision of petroleum processing and operational services; third party access to infrastructure, project structures for gas liquefaction and LNG regasification, contracts for terminal access and provision of services
Deals with oil, gas and LNG sales contracts dealing in detail with their respective terms
Goes through shipping contracts, including ship leasing, time and voyage charter-party terms, contracts of affreightment and bills of lading
Addresses pipeline transportation contracts, looking at the transporter and shipper perspectives, pipeline system rules, sales and transportation contract interfaces, cross-border pipeline investment protection, agreements for pipeline crossing, proximity and tie-in, and pipeline capacity management agreements
Extends coverage to interest sale and purchase contracts, including asset exchange contracts, farm out and earn out agreements, addressing pre-emption, due diligence, representations and warranties
Features decommissioning and security contracts
Includes contractual clauses for the construction of petroleum infrastructure
Examines corporate and project finance agreements, taking into account contingent consideration, royalty deeds, volumetric production payments, reserves based lending agreements, debt prioritisation and security interests
Examines options for the negotiated, arbitration and judicial resolution of disputes involving oil and gas contracts and projects, including governing law and jurisdiction provisions
Covers dispute resolution
Edited by leading oil and gas lawyer Peter Roberts and written by a team of expert contributors from the O&G sector
New to the 3rd edition include dedicated chapters on Petroleum Royalty Agreements and Environmental, Social, and Governance (ESG) Provisions.

Table of Contents

Contents :

General Connections
Part 1 – Project Establishment
The chemistry, geology, economics and monetization of oil and gas
Upstream concessions and contracts
Joint study and bid agreements
Joint operating agreements
Unitisation and redetermination
Drilling and service contracts
Part 2 – Project Definition
Petroleum processing and third party access
Gas storage
Petroleum pipeline projects
Crude oil sales and trading contracts
Natural gas sales and trading contracts
LNG sales and trading contracts