- About us
- Master of Science in Energy and Resources Management
- Graduate Certificate/Diploma in Energy and Resources: Policy and Practice
- Why UCL and why Australia?
- International Students
- Executive Education
- The Unconventional Gas Revolution and Australia: Threats and Opportunities
- International Petroleum Agreements
- Current Students
International Petroleum Agreements
This course is a two-day intensive training on international petroleum agreements, focussed on host government contracts. More and more foreign investments are made into energy exploration and exploitation across the globe in sometimes unstable regions. Typically an international oil company enters into an agreement with the host government setting out its rights and obligations in relation to the resources it is planning to exploit. Over the years, these agreements (i.e. host government contracts) have been internationalized and as a result of such internationalisation, been standardized.
This course will introduce you to the type of host government contracts made between the international oil companies and the host governments, the risks involved in these contracts and how the investment can be secured by legal means.
The first day will focus on what host government contracts are, what types exist and where they are typically used. The three most commonly used types will be discussed in more detail (i.e. concessions, production sharing agreements and service contracts). The final topic to be discussed will be on the impact of the internationalisation of the industry on the evolution of these contracts. Their increasing use has opened the door to standardization and increased security for the international industry.
Topics to be covered:
- Introduction to petroleum agreements
Host Government Contracts and types according to geographic region
- Production sharing agreements
- Service contracts
- Internationalisation of Host Government Contracts
The second day will focus on some particular risks involved in these type of contracts and how they can be drafted to prevent such risks. This day will also address conflict resolution in the event of a dispute and will focus on alternative dispute resolution as a way to prevent having to go through the national courts of a foreign country whose legal system may be unknown to the investor.
Topics to be covered:
- Risks involved in Host Government Contracts
- Stabilization clauses
- Conflict resolution and alternative dispute resolution