"What to negotiate" training

Fun and informative courses covering the whole life cycle of an asset

Our commercial training is unique in the oil and and gas industry. We have drawn upon over 450 manyears of upstream oil and gas experience to provide fun, practical advice for optimising the commercial arrangements for your asset.

We now offer our courses both "live" and online, providing flexibility that suits the new normal.

Each live course is a 1 day session and our online courses are split into 3 manageable segments. Starting at 8:30 each segment is designed to last no more than 2.5 hours to minimise the impact on the working day. With breakout rooms and virtual whiteboards participants will have the full experience of our courses.

This series of courses cover the main agreements that apply to an asset. We cover what can and cannot be negotiated. Real life examples are used, along with a number of war stories, to give participants the benefit of the presenters' experience.

 

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01.

JOAs

A one day module which explores the main elements and themes of the agreement which regulates the joint operation of fields. Participants will gain an understanding of:

  • Legislation & licensing in the North Sea - the context for the JOA
  • The Parties to the JOA and their respective rights and obligations
  • Voting passmarks and decision making
  • Managing changes within the Licence group
  • The link between the JOA and decommissioning.

Topics covered include:

  • Licensing & the context of the JOA
  • Unitisations and UOAs
  • MER and the role of the OGA
  • Decision making
  • Managing Joint Ops - budgets and work plans
  • Changes to the JV - default, assignment & withdrawal
  • End of field life

02.

CTIAs

A one day module considering the context of the CTIA in field development and providing a detailed consideration of the key provisions. Participants will gain an in-depth understanding of:

  • The context of CTIAs in the life of an asset
  • The key terms of a CTIA
  • The impact of host selection and the commercial terms offered by the host
  • The other key agreements in the development phase and their interface with the CTIA
  • Decision making within the gate based project management system

    • Course Contents:

    • Context for CTIAs
    • Gate based project management
    • Interface with other agreements
    • Drivers for Satellite and Host
    • Work obligations
    • Planned/unplanned shutdowns
    • Lost/deferred production
    • Completion and Commissioning Liabilities and Indemnities
    • Ownership
    • Risk

03.

TPAs

A one day module exploring the key agreements required to transport and process hydrocarbons (including TPAs, POSAs and TPOSAs).

Participants will gain an understanding of:

  • The options for exporting fluids
  • The balance between capex and opex for a development
  • The drivers for each party during negotiations
  • The key terms and their inter-relation
  • The interface with other key agreements (eg: CTIAs)

Course Contents:

  • Context for the TPA - project gates and ICOP
  • Key terms and themes
  • Bundled and unbundled services
  • Divided rights regimes
  • Drivers for Satellite and Host
  • Services
  • Tariff
  • Opex Sharing
  • Risk - commercial and legal

04.

Sales

A one day module exploring the product sales - including gas, NGLs and oil. Participants will gain an overview of:

  • Legacy gas sales and the impact of the Network Code
  • Beach sales and spot pricing
  • NGL term contracts
  • Tanker contracts (including COAs and lifting agreements)
  • Oil valuation and value adjustment
  • Crude sales terms

Course Contents

Gas sales

  • Gas properties and valuation
  • Legacy contracts terms
  • Beach sales
  • The network code
  • Key terms and pricing

NGL term contracts

Tankers

  • Lifting procedures
  • Main terms

Oil Sales

  • Crude valuation basics
  • Main terms

05.

Decommissioning

A one day module covering an increasingly important aspect of operations. Participants will gain an understanding of:

  • What decommissioning is and what it isn’t
  • The legislative framework
  • How it works in practice
  • The need for security and how this impacts late field life
  • Key DSA terms and drivers
  • Recent tax changes and their impact

Course Contents:

  • Context - International and UK Law, Section 29/34 Notices
  • Cessation of Production
  • Practical decommissioning steps
  • The need for security
  • Legacy vs Oil & Gas UK terms
  • When is security required
  • How much security is required
  • Types of security
  • How to agree security terms
  • The Provision Amount calculation