Oil and Gas Upstream Commercial Contracts

This program is highly recommended for Analysts, Commercial and Legal professionals, New Business Development specialists, and others seeking to deepen their understanding of the unique aspects of the commercial contracts in the upstream oil and gas sector

This course is organized over 3 days in the month of April and September in London, UK. Venue will be communicated to each participant upon confirmation of participation. Please call us or write to us for more details 

By the end of this three-day course on upstream oil and gas commercial contracts, participants will be able to: 

Understand Key Contractual Elements: Gain a thorough understanding of the essential components, terms, and structures of commercial contracts in the upstream oil and gas industry.

Navigate Contractual Frameworks: Explore the legal and regulatory frameworks governing upstream oil and gas agreements, including Joint Operating Agreements (JOAs), Farm-In/Farm-Out Agreements, and Production Sharing Contracts (PSCs), GSA, FPSO, Drilling, Pipeline contract etc

Assess Commercial Risks and Opportunities: Identify and evaluate key risks, obligations, and revenue-sharing mechanisms embedded within upstream contracts.

Enhance Negotiation Skills: Develop practical skills to negotiate favorable terms while ensuring compliance with industry standards and stakeholder expectations.

Apply Practical Knowledge: Participate in hands-on case studies and real-world scenarios to understand the implications of contract terms and effectively manage disputes or amendments.

Collaborate Across Teams: Strengthen the ability to work collaboratively with legal, commercial, and technical teams in drafting, reviewing, and managing upstream contracts.

• M&A process flow
• Preliminary agreement
• Sale structure
• Consideration in oil and gas SPA
• Condition precedent and deferred completions
• Covenants in upstream M&A
• Oil and gas warranties

• Disclosure letter
• Warranty & indemnity insurance
• Liabilities and indemnities-allocation & limitation on liabilities, use of indemnities
• Environmental provision in Oil and Gas transaction
• Decommissioning
• Competition law and provision 

• Anti corruption
• Taxation
• Material adverse condition clauses
• Private equity considerations
• Governing law and jurisdiction clauses
• O&G boilerplate provisions

 The three day course costs £ 2,500 inclusive of all taxes. For every additional participant each delegates gets 25% discount. The above does not include travel, lodging and food.