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Understand the principal contracts involved in the lifecycle of a petroleum field

Fundamentals of

oil & gas AGREEMENTS

Examining the contract matrix in the international oil and gas industry, from authorisation and exploration to production and decommissioning
SAVE up to 40% and improve performance with cost-effective in-company courses call +44 (0)20 7017 4455 or email ct@informa.com

Delivered by PART-TIME Distance Learning over 12 weeks - COMMENCES 22ND APRIL 2013

Course Programme
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COURSE DIRECTOR:
Dr. Ken Mildwaters Senior Partner Mildwaters Consulting LLP

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The Lifecycle of a Petroleum Field and the  Contract Matrix Seeking an Authorisation  Authorisations  Joint Operating Agreements   Drilling Contracts, Farm-Out Agreements and  Sale and Purchase of Interest Agreements Unitisation Agreements, Crude Oil Sale  Agreements and Abandonment Agreements

The course is very instructive and meets the challenges of explaining contractual terms in a specific industry perfectly. It is well-suited for those who need to familiarize themselves with first hand understanding of this industry
(Mohamed Y. Alem, Alem & Associates) (Olarewaju Daramola, Shell)

This course truly gives a good overview of Oil and Gas contracts

Ideal for:

n Commercial and project managers looking to improve contract negotiation skills n Engineers and technicians seeking an insight into contractual frameworks of oil and gas operations n Legal professionals in the oil and gas sector wishing to increase or update their knowledge n Legal and paralegal practitioners aiming to specialise in oil and gas law n Contract managers and analysts requiring legal understanding or a refresher n Insurance and risk managers seeking to reduce contract risks for their companies n Government advisors, policy makers, economists and regulators
Solicitors Regulation Authority:

CPD 21 hours CEUs 2.1

Supported by:

of CPD requirements

100%

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Tel:

+44 (0)20 7017 7636 +1 (646) 957 8929

Visit: www.ibc-academy.com/oga Email: ibc-academy@informa.com

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FUNDAMENTALS OF oil & gas agreements

COURSE DIRECTOR
Dr. Ken Mildwaters
Dr. Ken Mildwaters is a world-renowned expert specialising in the field of natural resources law. With over 30 years experience, he brings a unique blend of legal, academic and corporate experience to the field of oil and gas agreements. In practice as a partner and of-counsel with leading law firms in the UK, Europe and Australia, he has advised on a broad and varied range of projects, including: exploration, development, production, supply and sales activities in the oil, gas and minerals sectors; gas, coal and alternative source electrical power generation project; and gas pipeline and other infrastructure projects related to the natural resources sector. He has been involved in joint ventures, joint operating agreements, strategic alliances, licensing arrangements, farm-in and farm-out agreements, off-take and lifting agreements, royalty agreements, abandonment agreements, service agreements and transport agreements. In the natural resources sector, he has practical experience in the acquisition, disposal and financing of interests and assets, as well as capital raising activities and direct foreign investment. Ken is a speaker and faculty member at the Centre for Petroleum and Mineral Law Studies at the University of Dundee, where he lectures on Commercial Contracts in the International Oil and Gas Industries. In 1998/1999 he was a Visiting Scholar at the Graduate School of Business Administration at Harvard University. He is a member of the Australian Mining and Petroleum Law Association, Energy Law Association Inc. (New Zealand), International Bar Association Section on Energy and Natural Resources Law, Rocky Mountain Mineral Law Foundation, and United Kingdom Oil Lawyers Group.

Dear Colleague,
Regulations and practices governing petroleum exploration and production become ever more difficult to define and apply. This 12-week part-time distance education course will: I  ntroduce and explain the principal contracts involved in the exploration and production of oil and gas E  xamine the activities and phases involved during the lifecycle of a petroleum field A  nalyse the agreements which come into play at each stage of the fields development. U  se the concept of a contract matrix to introduce, analyse and explain the key agreements in a practical context The lifecycle of a petroleum field involves many phases and activities, from authorisation and exploration to production and decommissioning. At each stage, multiple parties cooperate, sharing rights and responsibilities. This intricate interplay of collaboration across diverse activities requires a complex contractual framework. Starting with the contracts involved in seeking and gaining authorisation, the programme syllabus progresses through the lifecycle of a petroleum field to examine: Joint operating agreements Contracts used in the exploration and appraisal phases Contracts relating to the production and sale of oil C  ontracts governing abandonment and decommissioning at the end of the economic life of the field The six clearly written modules will benefit all professionals working in or supporting the oil and gas industry in any capacity who must have a solid grasp of the principal contracts which govern the exploration for and production of oil and gas and the relationships involved. This will lead to a deeper appreciation of the commercial implications of such contracts, helping to strengthen negotiation strategies and enhance career prospects. Distance learning combines the flexibility of downloadable study materials with expert tutorial support and online peer interaction. For an industry that spans the globe, the Fundamentals of Oil & Gas Agreements provides an indispensable guide. It delivers the knowledge you need to read, analyse and understand the principal contracts involved in the lifecycle of a petroleum field - and the role that they play - with confidence, wherever you are in the world.

HOW DOES THE COURSE WORK?

Applications: Visit the course webpage www.ibc-academy.com/oga to enrol online. Do not delay your application you may qualify for an early enrolment discount, and some courses have a maximum number of participants. Our online application form also securely accepts payment by credit card in either , $ or .  onfirmation of Enrolment: You should receive confirmation of your C place within 5 working days, and an invoice for the fees if you did not pay on application. Please pay fees promptly or you may lose your place.  ourse Start Date: We will send you your unique username and password C plus full details of how to access our secure online learning environment during the first day of the course. Your online classroom will be accessible from anywhere you have an internet connection. Each module workbook can be accessed online or downloaded and saved/printed if you prefer working from paper, or want to study on the move.  tudy: Plan your study time and location to suit your own preferred learning S style. Work though the lea rning narratives in the detailed workbooks, undertaking the online and offline directed learning activities, exercises and further reading indicated.  utorials: When you have questions, answers, personal opinions or T experiences to add, have answers to directed learning activities or need further advice, visit the online course tutorial forum to post your discussion to the course director and your fellow students. You can access the tutorial forum at any time when you are online plus, to make your study as easy as possible, well send you a daily round-up of tutorial activity. Make sure you take full advantage of the unique access you gain to our expert industry course tutors. A  ssessment: Each study module ends with an online test for you to check your learning. Take the test online and receive instant feedback. If you fail the test return to the module and revise the relevant sections. You can then retake the test, although the questions will have changed. Completion: Once all modules have been studied and the online tests passed, you will be sent a certificate of completion from IBC Academy as recognition of your study and for CPD purposes.

Dr. Ken Mildwaters Course Director Senior Partner, Mildwaters Consulting LLP

WHY STUDY WITH IBC ACADEMY?

IBC Academy is a leading global organisation in professional training. Since 1998 we have been delivering high quality training, education and qualifications in partnership with universities, associations, industry bodies and educational consultants. IBC Academy provides cutting edge distance learning courses for individuals and companies; instructor led training, on-line learning and blended solutions for in-company corporate training; and educational support services to the academic and commercial sectors. Designed for professionals who have an eye on career development, or companies wishing to implement highly effective corporate training programmes, all IBC Academy courses focus on achieving the perfect synergy between theoretical knowledge and practical application, whilst being aligned to industry specific needs and the study requirements of busy working professionals. IBC Academy enrols thousands of individual students a year to publicly offered distance learning courses, as well as thousands more on our global in-company programmes. Study with IBC Academy and you can be assured of a learning experience that is cutting edge, industry relevant and instantly applicable. Visit www.ibc-academy.com for a full list of currently enrolling courses. IBC Academy is part of IIR Ltd and Informa plc, the leading international provider of specialist information and services for the global academic and scientific, professional and commercial business communities. If you want to discuss our courses or are an education or training provider that wishes to work with us, contact Chris Atwell on +44 (0)20 7017 4497 or email chris.atwell@informa.com.

Whats best about our distance learning?

4A  ccessible 24/7 availability from wherever you have an internet connection 4 Flexible take control of where, when, how and the rate at which you study 4P  rofessional industry leading course directors and tutors  uality study the same course used by corporations for internal training 4Q 4P  ractical packed with examples and illustrations 4T  ime effective specially designed for busy working participants 4I  nteractive use our online tutorial forum to ask questions and share knowledge 4 Network with tutors and like-minded professionals from around the world 4W  ork smart learn without time away from home or work 4S  ave money no additional travel or accommodation costs 4C  areer enhancement boost your CV and promotion potential 4D  etail retain industry leading course materials for later reference

COMPANIES THAT HAVE ALREADY BENEFITED FROM THIS AND OTHER IBC ACADEMY EnERGY TRAINING PROGRAMMES INCLUDE:
A. P. Moller Maersk Acergy Services Ltd Aegean Energy SA Alem & Associates Alberta Department of Energy A. P. Moller Maersk Alldeco S R O Ariel Reinsurance Baskutti Limited BG Group BOC Gases Boskalis Offshore BP British Pipeline Agency Ltd Carib Energy (USA) CB&I Chevron Curtis Davis Garrard LLP Daewoo Nigeria Ltd. Energia Limited Exploration Angola Ltd Industry Canada E.ON Ruhrgas JOGMEC Enereco Fugro Ltd Gaslink Nigeria Ltd Gasunie Germanischer Oil & Gas Helix Energy Solutions BV JP Morgan Chase Lion Petroleum Pty. Ltd. MR Offshore Navigation Maersk Oil MODEC Management Service Pte National Grid Plc Nexen Petroleum Oil Spill Response Ltd. OPEC Oryx Oil Company Ltd Pan Marine International Petrasco Petron Corporation Phoenixtide Offshore Nigeria Ltd Pipeline Integrity Engineers Principia Qatar Gas Qatar General Petroleum Corporation Saudi Arabian Texaco Inc Schlumberger Shell Siemens Ltd Songa Offshore SE SPT Group Statoil Asa Subsea 7 Suez-Tractebel Total E&P Validus Reinsurance Ltd.

Tel: +44 (0)20 7017 7636 / +1 (646) 957 8929 Email: ibc-academy@informa.com

Distance learning is a flexible, cost-effective way of studying without the need to take time off work or away from home
The  Lifecycle of a Petroleum Field and the Contract Matrix
 oint Operating Agreements J Presenting the principal contract governing the cooperation of parties in the field lifecycle.  When does the joint operating agreement come into force?  What does it govern?  Other rights of the participants - Right of inspection, insurance and litigation -  Extension of the authorisation Sole risk -  The role of the operator -  Proposal and acceptance -  Use of property, data and information Default by a party -  The operator as a participant - Default provisions Assignment of interest The operating committee  -  Establishment -  Powers and duties Delegation and vicarious performance

How does a petroleum field develop, and what makes the oil and gas industry unique? This module examines the lifecycle of a petroleum field, and the activities during each phase, using the contract matrix to introduce the principal contracts involved.  Phases of the lifecycle of a petroleum field and activities involved in each phase - Seeking authorisation -  Exploration - Appraisal - Development - Production - Decommissioning  Introducing the contract matrix -  Principal contracts entered into during the lifecycle of a petroleum field -  Role of each contract in the different phases  Explaining two unique features of the oil industry -  High level of co-operation -  High level of State participation

 N-COMPANY I TRAINING
 istance learning, face-toD face workshops, webinars and blended delivery Cut costs while improving performance
Ensuring a good return on your training investment is critical for all our clients and, whether delivered by distance learning or instructor led workshops, IBC Academy delivers the best training, at a competitive price and from a reliable partner. IBC Academy delivers all three and you can save up to 40% on your local, regional and global training investment. Many organisations have realised that IBC Academys programmes offer so much more than conventional training courses whether its for graduate intakes, needs-led coaching, supervisor and management training or boot camps. There are a number of reasons why, including: Working intensely to understand our clients 4  business issues to deliver the highest added value 4  Improving employee skills, knowledge and performance, helping to accelerate development and building organisational capability 4  Advancing our clients global knowledge sharing and collaboration 4  Developing team based learning and internal networks which support workforce development 4  Delivering instructor led workshops or webinars focused on a clients particular business challenges Developing courses with practitioners, for 4  practitioners, with a focus on practical skills and knowledge 4  Implementing blended solutions which incorporate online learning platforms, including hosted corporate learning environments 4  Delivering at your location anywhere in the world 4  Supporting our clients consistently for over 15 years, offering a secure, trustworthy and low risk solution You are welcome to place individual students or groups on any of our publically advertised distance learning courses, or for larger groups we will deliver to your individual requirements, including blended delivery solutions, customised assessments, flexible timescales and dedicated support for learning and development managers. To find out more about the benefits of Corporate In-Company Training call +44 (0)20 7017 4455 or email ct@informa.com.

Seeking an Authorisation 
This module analyses the agreements which start the co-operation in the field lifecycle.  Principal contracts in the first phase of the lifecycle of  a petroleum field  Confidentiality agreements -  Common law duty of confidence -  What do the agreements govern? -  Exceptions -  Termination  Area of mutual interest agreements  - The concept - Percentage interest -  Timing -  Group operating agreement  Bidding agreements - Scope -  Transfer - Duration -  Identification of blocks -  The application

Drilling Contracts, Farm-Out  Agreements and Sale and Purchase of Interest Agreements
Examining contracts found in the exploration and appraisal phases of the field lifecycle, this module also introduces the unitisation agreement, where a petroleum field is developed partly within and partly outside the authorisation.  Drilling contracts -  Identifying the drilling unit -  Area of operation - Operators equipment - Sub-contractors -  Taxes Farm-out agreements -  Forms of consideration -  Governmental consent - Contractual consents - Pre-emption rights -  Representations and warranties Sale and purchases of interest and agreements

RELATED DISTANCE LEARNING COURSES INCLUDE:

 Oil & Gas MBA (with Middlesex University)  Exploration & Production Logistics F  PSOs G  as & LNG Contracts & Pricing I  nternational Trade & Transport Law L  NG M  arine Drilling O  ffshore Field Development O  il & Gas (industry fundamentals)  Petroleum Economics P  ipeline Engineering, Construction and Operations P  roject Management S  ubsea Engineering
For a full list of our training courses visit us online at www.ibc-academy.com or email ibc-academy@informa.com

Unitisation  A  uthorisations The principal contract in the lifecycle of a petroleum field, the authorisation may be a licence, concession, lease, petroleum agreement, production sharing agreement or production sharing contract.  Types of authorisation - Licences -  Contracts of work  Key differences between various forms of authorisation - Work obligations - Cost - Risk -  Standard of care -  Reports and records -  Right to audit - Development area  The take of the state and the contractor - Bonuses - Royalty - Profit oil

Agreements, Crude Oil Sale Agreements and Abandonment Agreements

A crude oil sale agreement is one of the principal contracts in the production petroleum field lifecycle. This module introduces the principal forms, method for payment under such agreements. Finally we examine the agreements which come into play when it ceases to be economic to continue with.  Agreements for the sale of physical crude oil  Principal forms of crude oil sale agreements -  Free on board (FOB) -  Cost, insurance and freight (CIF) -  Measurement, sampling and testing -  Financial security - Applicable law  Letters of credit  Principal contracts for the end of the lifecycle of a petroleum field - Abandonment agreements - Decommissioning agreements - Restoration agreements

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FUNDAMENTALS OF OIL & GAS AGREEMENTS

DELIVERED BY DISTANCE LEARNING OVER 12 WEEKS
Commences 22nd April 2013

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5 EASY WAYS TO REGISTER
www.ibc-academy.com/oga hannah.whitty@informa.com +44 (0)20 3377 3870 +44 (0)20 7017 7861   TTN: Hannah Whitty A IBC Academy 4th Floor, Maple House 149 Tottenham Court Road London W1T 7AD UK

IBCA/SD/KR/HW/TR/TR

Course Code

FLR2355
Enrol now for detailed knowledge and expert guidance in petroleum contracts

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STEP 1: WORK OUT THE PRICE Please tick option

Fundamentals of Oil & Gas Agreements

Book on or before 1st March 2013

Book after 1st March 2013 1599 + VAT @ 20% (319.80) = 1918.80 1599 + VAT @ 20% (319.80) = 1918.80 1599 (No VAT to pay) 1599 (No VAT to pay) or US$2560 (No VAT to pay)

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TERMS AND CONDITIONS

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Enrolment to this Course is subject to the IBC Academy Distance Learning Terms and Conditions at www.ibc-academy.com/ IBCADLTC. Your attention is drawn in particular to clauses 3, 4 and 13 of the terms and conditions which have been set out below: 3. TAXES The fees stated are exclusive of any applicable VAT, sales, service or similar taxes (which will be charged, where applicable, at the appropriate rate as at the date of invoice). Where payment is subject to a withholding tax the student will apply the reduced rate under the appropriate double tax treaty, if applicable, and agree to provide IBCA with a certificate of tax deduction within three months of payment. If a certificate of tax deduction is not provided within three months, you will become immediately liable to pay the outstanding amount. 4. PARTICIPANT CANCELLATION POLICY You may cancel your place on the Course by giving notice in writing to the Course Administrator up to (and including) 7 days from the date IBCA confirms your acceptance to the Course in accordance with Condition 1 and you will not be liable for the payment of any fees and any fees already paid to IBCA for the Course will be refunded. If IBCA receives your notice of cancellation 8 days or more from the date IBCA has confirmed your acceptance to the Course you will still receive a refund of your fees already paid to IBCA, subject to payment by you to IBCA of a 175 cancellation fee to cover administrative costs (which shall be payable immediately upon your cancellation), provided such notice of cancellation is received by IBCA before the first day of the Course. IBCA regrets that no refunds can be given for any cancellation notice it receives on or after the first day of the Course and, in such circumstances, the full fees remain payable by you to IBCA. 13. DATA PROTECTION AND CALL MONITORING Personal data supplied is subject to the Data Protection Act 1998. The personal information shown on the application form, and/or provided by you, will be held on a database and may be shared with companies in the Informa Group in the UK and internationally. This information may be used for direct marketing purposes. If you do not wish your details to be available to companies in the Informa Group, please contact the Database Manager, Maple House, 149 Tottenham Court Road, London, W1T 7AD, tel: +44 (0)20 7 017 7077, fax: +44 (0)20 7017 7828, email: integrity@iirltd.co.uk. Occasionally your details may be obtained from, or made available to, carefully selected external companies for marketing purposes. If you do not wish to receive details about their products and services, please contact the Database Manager on the above details. Registered in England No.1835199. VAT registration number GB 365 4626 36. IIR Ltd. Registered office: Mortimer House, 37-41 Mortimer Street, London W1T 3JH, UK. Telephone calls to IIR Ltd may be recorded or monitored to check the quality of the service provided.

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