Commercial Fundamentals of the Upstream Oil & Gas Industry

Description

Introduction
This intensive course introduces the fundamental commercial elements of the upstream oil & gas industry, enabling participants to understand and manage the key commercial structures, agreements and risks in major onshore and offshore projects worldwide.

Course content

• Overview of the oil & gas industry
• Agreements governing oil & gas investments
• Upstream joint venture agreements
• Unitisation and unit operating agreements
• Oil and oil product sales
• Gas sales
• Oil & gas infrastructure use agreements
• Disputes and their resolution
• Financial aspects of upstream commercial
• Managing risks in upstream projects
• Portfolio management
• Corporate and investment decision making risk

Learning Outcomes

• An appreciation of the relationships between all components of the commercial structures and players within the industry
• A theoretical and practical grasp of the key elements of the main agreements and structures widely used within the industry
• Crucial techniques needed for dispute management and resolving issues that arise when commercial agreements go wrong
• A thorough understanding of the complex financial aspects relevant to the upstream industry, including project finance and M&A
• An understanding of how commercial contracts are central to risk management
• Key skills and knowledge needed for successful decision making and commercial/portfolio management