Oil and Gas Contracts: Principles and Practice

Oil and Gas Contracts: Principles and Practice 2nd ed covers 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
• Looks at 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
• Edited by leading oil and gas lawyer Peter Roberts and written by a team of expert contributors from the O&G sector

Contents:General ConnectionsChemistry, geology, types
Part 1: Project EstablishmentUpstream concessions and contractsJoint study and bid agreementsJoint operating agreementsUnitisation and redeterminationDrilling and service contracts
Part 2: Project DefinitionPetroleum processing and third party accessGas storagePetroleum pipeline projectsCrude oil sales and trading contractsNatural gas sales and trading contractsLNG sales and trading contractsShipping
Part 3: Project ManagementAcquisitions and divestments in the upstream sectorConstructions contractsFinancingDecommissioningDispute resolution clauses