Managing the petroleum E&P sector in today’s world

Who should attend:

Petroleum E and P specialists and negotiators in the Host Governments, in the Ministry of Oil and Gas and in the Petroleum Licensing and Monitoring Unit, technical specialists in G and G and engineering in the International Oil Companies, the IOCs, and in their New Ventures Groups, in the international and multi-lateral institutions such as banks, law practices and in the para-statals.

Overview:

This course confronts today's petroleum professionals and managers with the new issues that inform the modern international E and P sector and that have arisen in the last few years. It opens with a discussion on the historical and geopolitical events that have shaped today's oil industry and then goes on to discuss major issues that will affect the industry in the twenty-first century: first of all the four co-operants in the E & P sector: the Host Governments, the International Oil Companies ( IOCs), the Host Communities and the Environment and then the growing influence of the Islamic law on the petroleum sector. The course moves on to look at the modern trade in energy (its commercial and economic aspects) and more specifically the trend towards the Grant of Rights in upstream gas projects and in producing acreage. The course examines banking and financing issues in the upstream, midstream and downstream and concludes with an evaluation of the State Oil Company and its role in the modern world.

Content:

• The historical, geopolitical and economic framework to the modern world of international petroleum
• Major legal and technical issues for the twenty-first century: Host Communities, Native Title and Petroleum Licensing and the impact of the Islamic ( Sharia) Law on the international trade in oil and gas ( arbitration, Islamic economics, the ownership of oil and gas, upstream contractual arrangements- the buy-back agreement, interest and cost recovery, petroleum taxation )
• The modern world of energy...world populations trends, petroleum reserves and the coming world energy picture. The big trading blocs the EU, NAFTA and the countries of Asia. The Circum-Mediterranean oil and gas trade and the world pricing of energy.
• The contractual treatment of natural gas exploration and production projects, contracts in producing acreage
• New legal, banking and financing issues in modern petroleum agreements
• The State Oil Company