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Oil and Gas Exploration Contracts

Oil and Gas Exploration Contracts
2nd Edition
Practice Area:  Energy Law
ISBN:  9781847037510
Published by:  Sweet & Maxwell
General Editor:Anthony Jennings
Publication Date:  28 Oct 2008
Subscription Information:  Non-Subscribable Product
Format:  Hardback
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Oil and Gas Exploration Contracts offers invaluable advice on the nature, use and terms of the contracts in the exploration phase. With its pragmatic outlook and expert advice it enables you to advise and negotiate at any stage of the exploration phase.

  • Provides clause-by-clause commentary of the commercial agreements used in worldwide gas and oil exploration
  • Covers all contracts from the start to end of the exploration phase
  • Analyses the potential pitfalls so you can avoid them
  • Presents practical advice which can be applied to jurisdictions worldwide
  • Covers joint venture agreements like joint bidding and joint study agreements
  • Includes coverage on drilling contracts, rig sharing agreements and rig assignments
  • Analyses agreements for the sale and purchase of exploration assets
  • The only up-to-date text available on this area


  • 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
  • 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
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