Fundamentals of International Oil and Gas Law – IOG
Course Length: 2 Days Course Dates:
TBA Course Venue:
Course Description:
International petroleum transactions
occur within a complex legal environment that limits what petroleum companies, host governments and service companies can do, and interprets
and enforces many of their promises. Petroleum professionals often lack the
broad understanding of what makes up this legal environment and how it can have
an impact on their work. This course is designed to give participants a basic
understanding of the legal fundamentals that make their international
transactions work, including the principles that apply to interpreting and
enforcing their agreements, the procedures for resolving their disputes,
addressing interpretational issues posed by common contract provisions, and
avoiding liability under environmental and bribery laws. The course will teach
participants to confidently identify potential
legal problems, address
them before they become serious,
and facilitate the smooth interaction
between oil and gas professionals, host government representatives, and their
lawyers.
Who Should
Attend:
Petroleum managers who deal with
international oil and gas legal matters in the course of their business, and legal professionals with little formal,
specialized training in oil and gas law, but expect to deal with
international oil and gas law matters.
Course Outline:
·
Law governing international petroleum transactions (including significant differences
between various national legal systems, and the sources, principles, and limits
of international law as applied to petroleum
transactions)
·
Interpretation and enforcement of treaties and
private contracts
·
Effects of international trade (and producing
country) agreements such as the E.U.,
NAFTA, Mercosur, and OPEC
·
Dispute resolution approaches, including litigation
and arbitration
·
Procedures under and enforcement of common
arbitration provisions
·
Legal defenses available to foreign companies,
states, and state-owned or connected entities, and recognition and enforcement
of judgments and arbitration awards
·
Basic legal concepts of ownership of mineral rights
(onshore, offshore, and deep sea bed)
·
Expropriation and compensation issues
·
State-owned entities and privatization
·
Laws bearing on development rights
·
Legal interpretational issues of
common contract provisions Interpretational issues for service contracts
·
Transfer and protection of technology and
confidential business information
·
Operating agreements and unitized operations
·
Environmental protection laws
·
Criminal and civil liability for oil spills
Indemnification and guaranty issues
·
Bribery laws
·
Marketing and transportation
·
Petroleum futures
What you will Learn:
·
Recognize differences between international legal
systems and transactions
·
Understand legal fundamentals behind international transactions