The Encyclopaedia of Upstream Oil and Gas

Second Edition
2. Auflage 2019
ISBN: 978-1-78742-311-4
Verlag: Globe Law and Business
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 416 Seiten, EPUB

The petroleum industry is highly specialised. Over the centuries, the industry has developed a large number of standard petroleum regulations, arrangements and contracts that are not necessarily familiar to all across the industry and even less to the outside world. Each regulation/arrangement/contract has its own detailed terms and provisions and experts in this industry tend to be focused on specific phases from such complex industry.

This updated edition provides the unique combination of an encyclopaedia with commentary for the entire chain of petroleum activities. The encyclopaedia deals exclusively with upstream activities. First, it deals with all types of petroleum title with the host government (eg, concession agreements, production sharing agreements and service agreements). Second, it covers all the relevant consortium agreements between investors (eg, joint bidding agreement, joint ventures and joint operating agreements). It also deals with the relevant players in the sector varying from the international oil company to the national oil company; the relevant regulations in the sector (eg, petroleum law, fiscal terms, health, safety and environment and procurement) and the key mechanisms for raising funds in the upstream sector. Lastly, the book covers acquisition mechanisms with government authorities and private parties, and the key issues concerning governing law and dispute resolution.

This new edition provides additional sections on (i) international laws and treaties with direct impact on the upstream sector, (2) anti-corruption laws and practices, (3) corporate and social responsibility, (4) oil and gas service contracts, (5) confidentiality agreement, among others.

This encyclopaedia will serve as a valuable tool for lawyers, professionals in industry, consultants, academics, engineers, geologists who are interested in understanding the key legal terms and provisions of the oil and gas industry.

Autoren/Hrsg.

Weitere Mitwirkende

Pereira, Eduardo

Fachgebiete

• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Energie- & Versorgungswirtschaft Öl- und Gasindustrie
• Rechtswissenschaften Öffentliches Recht Energierecht
• Rechtswissenschaften Wirtschaftsrecht
• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Handels-, Wirtschafts- und Gesellschaftsrecht

Inhaltsverzeichnis

Introduction 7
Eduardo G Pereira
Siberian Federal University

Part I: Petroleum title

Royalty and tax regime 9
Marc Hammerson
Stephenson Harwood LLP
Anthony Martinez
Herbert Smith Freehills LLP

Production sharing agreements 43
Anna Ovcharova
Repsol

Service contracts 63
Ryan Gawrych
Anthony Patten
Shearman & Sterling LLP

Hybrid agreements 79
Yanal Abul Failat
LXL LLP

Part II: Consortium agreements

Non-disclosure agreements 95
Anna Ovcharova
Repsol

Joint bidding agreements 101
James Day
Marc Hammerson
Stephenson Harwood LLP
Anthony Martinez
Herbert Smith Freehills LLP

Joint study and bidding agreements 117
Dario Arias
Resources Energy Consulting

Joint venture agreements 129
Debra J Villarreal
Thompson & Knight LLP

Joint operating agreements 141
Eduardo G Pereira
Siberian Federal University

Joint sales and marketing agreements 161
Luis Pacheco
Veirano Advogados

Unitisation and unit operating agreements 177
Andrew B Derman
Thompson & Knight LLP
Danielle Ludwig
Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados

Part III: Key stakeholders

National oil companies 195
Marcelo Amorim Bastos
José Alberto Bucheb
B-in Partners LLC

International oil companies 209
Anna Ovcharova
Repsol

Oil companies’ transition to a global energy market 217
Marcelo Amorim Bastos
B-in Partners LLC
Marcelo Gauto
Petrobras

Service companies 227
Andrea Falcão
Schlumberger

Part IV: Regulatory framework

National constitution 235
Kim Talus
Tulane University

Petroleum law 239
Kim Talus
Tulane University

Health, safety and the environment 245
John Paterson
University of Aberdeen

Public procurement 257 in the upstream oil and gas industry 257
Olayemi Anyanechi
Sefton Fross
Eduardo G Pereira
Siberian Federal University

Surface rights 275
Luis Pacheco
Veirano Advogados

Applicable laws, part I: ABC 281
TJ Auner
Andrew Melsheimer
Thompson & Knight LLP

Applicable laws, part II: International law 287
Kim Talus
Tulane University

Corporate and social responsibility in the oil and gas industry 291
Anna Ovcharova
Repsol

Part V: Finance

Equity participation 299
Anna Ovcharova
Repsol

IPO 311
Iain Newman
Jack Shepherd
CMS Cameron McKenna Nabarro Olswang LLP

RBL 325
Nicholas Ross-McCall
CMS Cameron McKenna Nabarro Olswang LLP
Huw Thomas
Ashurst LLP

Part VI: Mergers and acquisitions

Direct acquisition from the host government: bid rounds 351
Dario Arias
Resources Energy Consulting

Farmout agreements 363
Olayemi Anyanechi
Sefton Fross
Eduardo G Pereira
Siberian Federal University

Part VII: Governing law and dispute resolution

Petroleum title 381
Andrew Melsheimer
Thompson & Knight LLP

Applicable law 385
Paul Cohen
4–5 Gray’s Inn Square
William M Katz, Jr
Thompson & Knight LLP

International arbitration 391
TJ Auner
Andrew Melsheimer
Thompson & Knight LLP

About the authors 399

Index 409