legal aspects of the oil & gas industry

7/24/2019 Legal Aspects of the Oil & Gas Industry

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LEGAL ASPECTS of the

OIL & GAS INDUSTRY

a presentation to partners and staff of Norton Rose by

HEW R. DUNDAS of

DUNDAS ENERGY SERVICESInternational Petroleum Law and Risk Management Advisers

2ndApril 2003


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OVERVIEW of PRESENTATION

History, Geography & Poiti!s Str"!t"re of the Ind"stry Te!hni!a #eat"res En$iron%ent, Safety and Reg"ation #inan!e, Taation and Ins"ran!e

Oi Ind"stry Agree%ents 'ife O"tside (o!"%ents (isp"te Reso"tion )on!"sions


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HISTORY

*,+++ ) or earier

)o- (ra.e /Pennsy$ania0 12345 The 6a7or (is!o$eries Stop (riing 8 No9 : ;There Is No Oi In The North Sea< /14345

;The Pri=e< by (anie >ergin 1432?142@ 'oS )on$entions


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GEOGRAPHY

'o!ations In!on$enient

o"ndary Iss"es

Internationa Pipeines

Tan.ers

"risdi!tiona Iss"es

NI6>


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POLITICS

)ross0order?Regiona

6a7or E!ono%ies 9itho"t Indigeno"s Oi Net Eporters?I%porters Per!eptions of BS #oreign Poi!y Ee!tioneering #ootba

)han!eorCs Goody0ag Taboid Target


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STRUCTURE of INDUSTRY

Bpstrea%?(o9nstrea%?6idstrea%

Pipeines & Transportation

Integration $s Independen!e

Standard Oi

Gas is NOT Oi

Po9er is Neither


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TECHNOLOGY

Inno$ation

)ost Effi!ien!y

(esigners $s )onstr"!tors $s Operators

Re!o$ery Rates

)i%bing 6o"nt E$erest

Deep It Si%pe, St"pid


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ENVIRONMENT, SAFETY

& REGULATION

Sea Ge%?Piper Apha Goa0Setting $s Pres!ription

Eon Vade=?raer

rent Spar O$er0Reg"ation?Ignorant Reg"ators

Poiti!a )orre!tness


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OIL INDUSTRY AGREEMENTS

Petroe"% Agree%ents

OAs and Reated Agree%ents

Ser$i!e )ontra!ts

Negotiation Te!hni"es and Strategies Reationship 6anage%ent

(isp"te Reso"tion


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PETROLEUM AGREEMENTS

Passage of Tite

Royaty Agree%ent Prod"!tion 'i!en!e

)on!ession Agree%ent

Ris. Ser$i!e Agree%ent Prod"!tion Sharing Agree%ent

Reationship 6anage%ent


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JOAs & OTHER AGREEMENTS

History of the OA

BS $s BD 6odes

AIPN?Other 6ode #or%s

Reationship et9een PartiesAssign%ents?No$ations &!

#ar%0Ins et!


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SERVICE CONTRACTS

)y!i!a Nat"re of the Ind"stry

Bse of 6ode #or% Agree%ents

S"b0)ontra!tors

)"t"ra )hanges 14F20@++ Partnering

T"rn.ey E"ity Parti!ipation


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NEGOTIATIONS

Rights $s Interests )o0Operation not )onfrontation

R"ritania is NOT Engand?BS

'ega Prin!ipes 6ay e S"bsidiary Reationship 6anage%ent


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EXTERNAL LAWYERS

Who Why Added Va"e

Spe!iaist Epertise

)ient 6"st )ontro

So%e (isasters


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RELATIONSHIP MANAGEMENT

'ong0Ter% )ontra!ts 8 @3 >ears )ontrast BD )onstr"!tion Se!tor )hange in Opposite N"%ber

)o0Operation Not )onfrontation What are yourprobe%s Ho9 !an WE dea 9ith this


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DISPUTE RESOLUTION

(isp"te A$oidan!e?Pre$ention

Why 'itigate

A(R argey ignored

Non06ediation A(R 6ediation e!o%ing O$er0#or%a

Energy ArbitratorsC Pane


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CONCLUSIONS

Essentia Te!hni!a Dno9edge

Need Pra!ti!a Peope

The Oi aronsC )"b

The PR Wars

(isp"te Pre$ention

'ord Hoff%an is NOT an Engineer

legal aspects of the oil & gas industry

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