Oil and Gas Exploration Agreements
Background
- Background legal framework
- Licensing and production sharing regimes
Contracts and the operator
- The Operator's relationships with joint ventures under the JOA
- With contractors under commercial agreements
- Legal considerations covering contract, general and international law, safety, employment, environmental law, dispute resolution
- Importance of the commercial contract
- The negotiation process
- Alliancing
- Standardisation
- Letters of intent
- Options
- Tendering and the enquiry package
Joint venture agreements
- Commercial agreements between joint venture partners including AMI agreements, bidding agreements and joint study agreements
Agreements for services
- Joint ventures and third party contractors
- Agreements for services
- Offshore
- Onshore
- Construction
- Drilling
- Vessel
- Aircraft
- Geophysical
- Data licensing
- Consultancy and procurement services
Drilling contracts
- Drilling contracts
- Rig sharing and rig assignment contracts
Transactions
- Agreements for the acquisition and disposal of exploration assets held under licence, namely asset/share sales, farm-outs, exchange agreements
- Disclosures
- Warranties
- Pre-emption clauses
Oil and Gas Production Contracts
Introduction
- Government agreements
- Joint operating agreements (JOAs)
Joint venture agreements
- Pre-unitisation agreements
- Unitisation agreements
- Oil and gas lifting agreements
- Sleeping Partner agreements (allowing some JV parties to continue production)
- Decommissioning agreements
- Decommissioning security agreements, parent company guarantees and performance bonds
Contracts with contractors for services
- Production platform and FPSO (Floating Production Storage and Offloading) construction agreements
- Production platform and FPSO operating agreements
- Contracts for producing services
- Platform ancillary services agreements
Contracts with other JVs for services
- Indicative tariff and service request agreements
- Oil and gas processing agreements
- Oil transportation agreements
- Gas transportation agreements
- Pipeline tie-in agreements
- Pipeline crossing agreements
- Proximity agreements
- Agreements for use of producing facilities for e.g. electricity generation
- Power supply agreements (perhaps in exchange for production)
- Power export agreements
- Emissions trading and C02 injection agreements
Sales contracts
- Oil sales contracts
- Gas sales contracts
- LNG and LPG sales contracts
- Production exchange agreements
Transactions
- Production acreage sale and purchase and exchange agreements
- Farm-in agreements
- Asset exchange agreements
- Sale and leaseback agreements
- Sale with obligation to take back at end of production