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Oil & Gas Contracts Management

This course deals with the upstream operations & joint ventures, as well as the downstream consumption of oil and gas contracts. Learn the various types of oil & gas contracts and manage the main contractual risks.

There will be sharing of best practices in contracting strategies to minimise risks and liabilities. Exercise activities with quizzes on Production Sharing Agreement or Gas Transportation Contract will enhance learning of the different types of contracts in the oil and gas industry.

Outline

Introduction

• Common law v Civil law system
• The Reasonable Man Test
• Territorial Delimitation & Hydrocarbon Resources
• Due Diligence
• Contractual safeguards on disputed territory area
• Negotiation tips for 3 contractual safeguards
• The 4 Regimes Governing Relationships
  1. Licences
  2. Concessions
  3. Production sharing agreements (PSA)
  4. Service contracts

Upstream Joint Ventures & Operations

• Joint Bidding Arrangements
• Key features of Joint Operating Arrangements
  1. Controlling operator
  2. Leaving joint venture - transfers & pre-emption
  3. Lifting & Disposal
  4. Abandonment & decommissioning
  5. Force Majeure
• Sharing Best Practices in Production Sharing Agreements
  1. Specification of Operator
  2. Stabilization clause
  3. Ownership of assets

Downstream Consumption Contracts

• Gas Sale & Purchase Agreements
• Gas Transportation Contracts
• Bringing gas to market
• Responsibility for Pipeline Transportation
• Depletion & Term-Supply Contracts
• Common Condition Precedent in GSAs
• Start date - take or pay, carry forward
• Late start
  1. shortfall gas liabilities & remedies
  2. take-or-pay liabilities
• Gas Supply Period
• Delivery Pressure & Control of Gas Flow
• Seller reservation
• Contract Quantities
• Quality Specification
• Gas Price Negotiations
• Price Review Clauses
• Nominations
• Variations
• Forecasts
• Undertake & Overtake
• Measurement & Testing
• Representations & Warranties
• Payment disputes & Negotiation
• Force Majeure
• Termination
• Facilities & Maintenance
• Dispute Resolution & Arbitration, Expert Determination

Who should attend

Project Managers, Procurement Professionals, Contract managers, Commercial managers and analysts, Engineers, Technicians, Risk and Insurance managers and any professionals or executives in the oil and gas industry.

Profile of Catherine Tay

Catherine Tay has over 35 years of lecturing experience as an Associate Professor lecturing business law at the National University of Singapore (NUS) Department of Strategy and Policy, NUS Business School. She is an Advocate and Solicitor of the Supreme Court of Singapore. She is also a barrister-at-law (of Lincoln’s Inn, United Kingdom). She is an author of more than 8 law books, including her best-seller book title called "Contract Law - A layman Guide".

She studied law at Queen Mary College, University of London and graduated with a Bachelor of Laws with Honours and with a Master of Laws, in which she specialised in Company, Shipping, Insurance and Marine Insurance Laws.

She has facilitated seminars and in-house training courses for many business law topics such as tenancy agreements, contract administration management, procurement contracts, legal and practical aspects of tender management, Service Level Agreements and Outsourcing contracts, oil and gas contract management, insurance contracts, Intellectual Property Laws and PDPA data privacy laws. She is an examiner on law subjects for a number of professional bodies and universities in Singapore and overseas. She has lectured at the NUS Extension in professional and business management law courses.

She was an adjunct lecturer at NUS Institute of System Science, in IT outsourcing contracts for over 20 years. She is the Honourable Legal Advisor for Singapore Optometric Association, as well as for the Singapore Institute of Engineering Technologists.